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The Italian Government approves the draft annual law for competition

After several delays, [1] on November 4, 2021, the Italian Council of Ministers examined and finally approved the draft Annual Law for Competition ("Draft") pursuant to Article 47 of Law No. 99/2009. The Draft reflects most of the proposals sent to the Italian government by the Italian Competition Authority ("ICA") on March 23, 2021 ("ICA Proposal"), which were described in our previous publication (link). The Draft includes some welcome changes to align Italian merger control rules to EU standards, but at the same time dangerously extends the scope of the ICA enforcement powers. Companies may have to face more invasive interventions from the ICA without (for now) appropriate safeguards. The following provisions are particularly significant. Amendments to the Italian Competition Law

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Giuseppe Barra Caracciolo, Iacopo Canino, Gianluca Fanti, Ferigo Foscari, Leonardo Graffi, Michaël Immordino, Andrea Novarese, Veronica Pinotti, Evgeny Scirtò Ostrovskiy, Maria Cristina Storchi, Alessandro Zappasodi, Tommaso Tosi, The Italian Government approves the draft annual law for competition, 11 November 2021, e-Competitions November 2021, Art. N° 104517

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