INTERNATIONAL: GREECE - COMPETITION LAW REFORM - EC LAW - HARMONIZATION - APPROXIMATION - EC REG. 1/2003

Greece: The reform of competition law: Going “My own way” ?

The recent reform of the Greek competition Act had the objective to align competition law enforcement in Greece with the new EC competition law regime resulting from the adoption of Regulation 1/2003.This aim has been partly achieved but the new amendments also reinforced the distinct features of Greek competition law and maintained the previous notification system for collusive practices.

1. Greek competition law has been formally adopted in 1977 with the aim to preparing the accession of Greece to the European Communities [1]. The Act on the Control of Monopolies and Oligopolies and the Provision of Free Competition 703/1977 (“Competition Act” or “Act”) has since been amended on numerous occasions, the last one being August 2005 in order to align the national antitrust legislation with the provisions of Council Regulation (EC) n° 1/2003, of 16 December 2002, on the implementation of the rules on competition laid down in Articles 81 and 82 of the Treaty (OJEU L 1, 4 January 2003, p. 1-25) [2]. 2. The results of this recent amendment are quibbled. Whilst some of the changes will bring Greek competition law into line with EU law, there are still provisions on a number of

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  • University College London

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Ioannis Lianos, Greece: The reform of competition law: Going “My own way” ?, September 2006, Concurrences N° 3-2006, Art. N° 12111, pp. 169-177

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