On April 1, 2004 the revised law on cartels entered into force. The revision introduced important new rules relevant in the context of your business activities. It aims at increasing the preventive effect of the cartel law and at providing better means of enforcement to the competition authorities.
The main amendments are:
- The introduction of direct sanctions
- The introduction of leniency provisions
- The possibility to notify potentially infringing new agreements or practices
- A clear legal basis for dawn raids
The purpose of this newsletter is to give you a short overview of the specific amendments introduced by the revision of the law on cartels and to demonstrate the areas in which there may be a call for action in your company.
More details you will find in the publication.