The Spanish Parliament adopts a new competition act

A new competition Act has entered into force in Spain since September, 1st 2007. The new Act entails a significant reform of the Spanish competition regime and will bring in further harmonisation of Spanish competition law with the EU rules. The new Act replaces the individual authorisation system for agreements by a directly applicable legal exception system. It also allows for the private enforcement of national competition rules. From an institutional standpoint, the most relevant change is the creation of a single competition authority that will replace the traditional two-tier system. The enforcement tools of the new authority are enhanced with the introduction, for the first time in Spanish competition law, of leniency provisions, as well as the power to conduct inspections in

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Paloma Martínez-Lage Sobredo, The Spanish Parliament adopts a new competition act, 3 July 2007, e-Competitions July 2007, Art. N° 14033

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