The new Hungarian Competition Act substantially modifies, inter alia, leniency regime and introduces a new substantive merger test (Act n° XIV of 2009)

Remetei-Filep, Ádám

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1 Jun 2009

The new Hungarian Competition Act substantially modifies, inter alia, leniency regime and introduces a new substantive merger test (Act n° XIV of 2009)

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Reference

Hungarian Parliament, Act n° XIV of 2009, amending Act n° LVII of 1996, on the prohibition of unfair and restrictive market practices (Hungarian Competition Act)

Until the latest amendment of the Competition Act - which came into effect on 1 June 2009 - the GVH's leniency policy was based on the Leniency Notice of the GVH (Hungarian Competition Authority). But the need to increase legal certainty for undertakings required the leniency rules to be regulated in the Competition Act. European tendencies also motivated the modifications of the leniency rules, namely the alignment of the Hungarian leniency regime to the Model Leniency Program of the ECN, which was duly considered when the GVH worked out

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Author

Ádám Remetei-Filep
King’s College (London)

United Kingdom 8 contributions 12830 visits

Quotation

Ádám Remetei-Filep, The new Hungarian Competition Act substantially modifies, inter alia, leniency regime and introduces a new substantive merger test (Act n° XIV of 2009), 1 June 2009, e-Competitions June 2009, Art. N° 27490

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