What does AMA stand for?
AMA stands for Anti Monopoly Act
This definition appears frequently
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Samples in periodicals archive:
Most legal terms or phrases have statutory definitions and interpretations by case lawthe term monopoly power under the Sherman Antitrust Act is no different. What is formally monopoly power and what will eventually be considered monopoly power is defined by the definitions and regulations set out in the Sherman Antitrust, court interpretations, and administrative decisions through the Federal Trade Commission (FTC).
The Act against Unjustifiable Premiums and Misleading Representations is a special part of the Japan Anti-monopoly Law which specifically deals with deceptive customer practices such as inducement and unjust benefits with regard to the designated unfair trade practices in the Anti-monopoly Law. This law contains regulations on misleading representations that businesses use to induce common consumers and customers as well as regulations on providing excessive premiums.
The new Anti-Monopoly Law prohibits many practices that have previously been common in China*, and business operators found to be in violation of the law face significant penalties (up to 10% of turnover, in many cases). Businesses with operations, customers or investments in China should carefully consider how the Anti-Monopoly Law affects them, and take appropriate steps to ensure compliance.
Congress passed this act in 1890, and this is the source of all American anti monopoly laws. The law forbids every contract, scheme, deal, conspiracy to restrain trade. It also forbids conspirations to secure monopoly of a given industry. The ideas were new and had to wait before they could achieve some efficiency. The Standard reorganized once more, in a holding in the Standard Oil Company (New Jersey) which now coordinated the whole machine, that is 70 companies and 23 refineries controlling 84% of the crude oil refined in the US in 1899.