Virgin Islands. Statutory Language

Virgin Islands Statute 51-13

U.S. VIRGIN ISLANDS STATUTE

VIRIGIN ISLANDS ANTIMONOPOLY LAW

V.I. CODE ANN. tit. 11, §§ 1501-1518

§ 1501. Short title

This chapter shall be known and may be cited as the “Virgin Islands

Antimonopoly Law.”

§ 1502. Purpose

The purpose of this chapter is to promote the unhampered growth of commerce

and industry throughout the Virgin Islands by prohibitin g restraints of trade which

are secured through monopolistic or oligarchic practices and which act or tend to act

to decrease competition between and among persons engaged in commerce and trade,

whether in manufacturing, distribution, financing, and service industries or in related

for-profit pursuits.

§ 1503. Violations – enumeration

Every person shall be deemed to have committed a violation of this chapter who

shall:

(1) Make any contract with, or engage in any combination or conspiracy with,

any other person who is, or but for a prior agreement would be, a competitor of such

person:

(a) for the purpose or with the effect of fixing, controlling, or

maintaining the price or rate charged for any commodity sold or bought by the

parties thereto, or the fee charged or paid for any service performed or received by

the parties thereto;

(b) fixing, controlling, maintaining, limiting, or discontinuing the

production, manufacture, mining, sale or supply of any commodity, or the sale or

supply of any service, for the purpose or with the effect stated in paragraph (a) of

subsection (1);

(c) allocating or dividing customers, territories, supplies, sales, or

markets, functional or geographical, for any commodity or service; or

(2) By contract, combination, or conspiracy with one or more other persons

unreasonably restrain trade or commerce; or

(3) Establish, maintain, use or attempt to acquire monopoly power over any

substantial part of trade or commerce of the Virgin Islands for the purpose of

excluding competition or of controlling, fixing, or maintaining prices in such trade or

commerce; or