Austria: New competition rules – Take one* On 12 June 2012, the Austrian council of ministers has adopted a proposal for an overhaul of the Austrian Cartel Act and of the Competition Act. If passed by parliament, which is likely, the amendment will become law on 1 October 2012. This post considers the proposed key changes. (Once the bill has been duly adopted, the intention is to have a “take two” follow-up.) De minimis – now the same as at EU level? The proposed new Austrian de minimis exception looks like it is taken from the Commission’s de minimis Notice: The prohibition of cartels does not apply where the undertakings involved have a (joint) market share of no more than 10% or, in vertical arrangements (i.e. between undertakings on different market levels), of no more than 15%.
Share on
|
|
The Austrian Council of Ministers adopts proposal to reform the Austrian Cartel Act and the Competition Act
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.
