Modernisation of the Economy Act: The Legislator progresses toward the finalization of the law on the modernization of the Economy (Loi de Modernisation de l’économie)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – Draft Law on the Modernization of the Economy (restrictive practices) As we conclude this section, in early July 2008, the Economic Modernization Act is still before the Senate. It is possible, however, to identify the main trends in this new reform, at least in its trade relations component. This law contains important developments even outside the area of restrictive competition practices. Indeed, the legislator took advantage of this text to empower the government to create by ordinance a new competition authority with enhanced investigative powers. This new authority will certainly be competent in the area of mergers. The rules on commercial