The Spanish Parliament passes a new Competition Act implementing the ECN+ Directive broadly reinforcing and clarifying existing powers of the Spanish Competition Authority rather than making sweeping reforms

Callol, Pedro

Previous article The German Government adopts a 17th amendment to the Foreign Trade and Payment Ordinance Next article The German Government passes a revised regulation on foreign investment control

27 Apr 2021

The Spanish Parliament passes a new Competition Act implementing the ECN+ Directive broadly reinforcing and clarifying existing powers of the Spanish Competition Authority rather than making sweeping reforms

KEYWORDS

Reference

Spanish Government, Royal Decree-Law 7/2021, Official State Gazette, 27 April 2021 (Spanish)

Royal Decree-Law 7/2021, of 27 April, has implemented into Spanish law EU Directive 2019/1 of 11 December 2018 empowering the competition authorities of Member States (OJ L11/3, 14.1.2019) (ECN+ Directive). The reform approved is less ambitious than anticipated by the preparatory works. No settlement procedure is introduced in line with that under EU law; neither is an also expected extension of the legal duration of antitrust proceedings (limited to 18 months, which is perceived as sometimes too short); fines on individual directors are left untouched at a maximum of €60,000, widely

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

PDF Version

Author

Pedro Callol
Callol, Coca & Asociados (Madrid)

Spain 152 contributions 42077 visits

Quotation

Pedro Callol, The Spanish Parliament passes a new Competition Act implementing the ECN+ Directive broadly reinforcing and clarifying existing powers of the Spanish Competition Authority rather than making sweeping reforms, 27 April 2021, e-Competitions April 2021, Art. N° 105956

Visites 137