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The Portuguese Parliament adopts a new Competition Act

1. Main goals of the New Competition Law Law No 19/2012 (“New Competition Law”), published in the Official Gazette of 8 May, approves the new legal framework for competition, repealing Law No. 18/2003 of 11 June. The new law increases the competition policy’s transparency and significantly enhances the Competition Authority’s capacity for action, strengthening its powers of inspection, sanction and supervision. Henceforth, the Competition Authority is free to define its own policies and to set its own intervention priorities. 2. Entry into force The New Competition Law enters into force 60 days as of its publication, i.e., on 7 July 2012. Following its entry into force, the New Competition Law will be applicable to all subsequent investigation, merger filing, request and complaint. 3.

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Nuno Ruiz, Miguel Mendes Pereira, Ricardo Bordalo Junqueiro, The Portuguese Parliament adopts a new Competition Act, 8 May 2012, e-Competitions May 2012, Art. N° 100129

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