Recovery of competition penalty: unpaid demand leads to deemed default and enforcement by attachment and sale of assets. Form notifying that a monetary penalty has been imposed, a demand notice remained unpaid and the enterprise is deemed in default, authorising recovery ... Summary
Recovery of competition penalty: unpaid demand leads to deemed default and enforcement by attachment and sale of assets.
Form notifying that a monetary penalty has been imposed, a demand notice remained unpaid and the enterprise is deemed in default, authorising recovery under the Regulations through prescribed modes and specified enforcement measures, including attachment and sale of movable and immovable property, with formalities for place, date and recovery officer signature and seal.
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