The Greek Parliament publishes a new law for the protection of free competition

Law 3959/2011 radically reforms the legislation in relation to free competition and achieves in general terms the goals that had been set during the public consultation: enhancement of the institutional role of the Commission, improvement of the efficiency and speed of its action, safeguard of the deterrent power of the penalties and harmonization of the Greek legislation with the EU legislation. The abolishment on the one hand of the obligation to notify prohibited agreements, decisions and concerted practices and on the other hand of the post merger notification of concentrations undoubtedly heading towards the right direction of harmonization with the European standards and the improvement of the time required for the Commission to act. In a similar way, we consider the positive

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  • Kyriakides Georgopoulos Law Firm (Athens)

Quotation

Anastasia Dritsa, The Greek Parliament publishes a new law for the protection of free competition, 20 April 2011, e-Competitions April 2011, Art. N° 99890

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