The Hellenic Competition Commission fines a professional association for infringing Art 1 Act 703/1977 by fixing the prices for constructing buildings and restricting their sale (E.K.K.E.)

Tzakas, Dimitrios-Panagiotis

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7 Feb 2013

The Hellenic Competition Commission fines a professional association for infringing Art 1 Act 703/1977 by fixing the prices for constructing buildings and restricting their sale (E.K.K.E.)

KEYWORDS

Reference

Hellenic Competition Commission, Building Constructors’ Association of Greece, Decision No 561/VII/2013, 7 February 2013 (Greek)

Introduction On 7 February 2013, the Hellenic Competition Commission (Elliniki Epitropi Antagonismou, hereafter: HCC) issued an infringement decision against the Building Constructors’ Association of Greece (Enosi Kataskeuaston Ktirion Ellados, hereafter: E.K.K.E.) for violation of Art 1 Act 703/1977 (Hellenic Act on the control of monopolies and oligopolies and on the protection of free competition – Art 1 is the domestic equivalent of Article 101 TFEU [1]). In particular, E.K.K.E. was found to have impermissibly retsricted the construction and sale of buildings in Greece and indirectly fixed their sale prices. Background In 2009, subsequent to the publication of several newspaper articles complaining about the high price of real estate in Greece and following a press release on the

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Author

Dimitrios-Panagiotis Tzakas
Mikroulea, Staikouras & Associates (Athens)

Greece 12 contributions 6530 visits

Quotation

Dimitrios-Panagiotis Tzakas, The Hellenic Competition Commission fines a professional association for infringing Art 1 Act 703/1977 by fixing the prices for constructing buildings and restricting their sale (E.K.K.E.), 7 February 2013, e-Competitions February 2013, Art. N° 62862

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