A leniency procedure has been in place in Ukraine for over two decades. However, until recently, there was no public record of its successful application by the Antimonopoly Committee of Ukraine (AMC).
Sinan Diniz Joins KST Law as Partner
Former Baker McKenzie affiliate law firm Esin Attorney Partnership Co-Head of the Competition Practice Sinan Diniz has joined KST Law as a Partner.
WKB Lawyers Advises Lisner Holding on Competition Clearance for Acquisition of Greenwich Investments
WKB Lawyers has advised Lisner Holding on obtaining the competition clearance for the acquisition of Greenwich Investments, a company controlling the Graal Group.
New White & Case Local Partners in Prague and Warsaw
White & Case has announced a new Local Partner hire in Prague as well as four new Local Partners in Prague and Warsaw as part of its latest promotion round.
Filip & Company and Reff & Asociatii Successful for BT Leasing Transilvania IFN in Challenging Competition Council Fine
Filip & Company and Deloitte Legal-affiliated Reff & Asociatii have successfully represented BT Leasing Transilvania IFN before the Bucharest Court of Appeal in a first-instance decision that annulled a Competition Council Decision imposing fines on 16 companies and the Financial Services Association following an investigation into the financial leasing market.
Malgorzata Urbanska Becomes Co-Head of CMS Global Antitrust, Competition & Trade Group
CMS has appointed Warsaw-based CMS Partner Malgorzata Urbanska as the firm's new Co-Head of the Global Antitrust, Competition & Trade Group alongside Partner Marquard Christen.
The Maximum Fine that the Competition Authority Can Impose Has Increased
From 1 August 2024, the maximum fine that can be imposed by the Hungarian Competition Authority equals 15% of the undertaking’s net turnover. According to the Authority’s statement, its primary objective is not to impose fines, however, the increase in the potential financial penalty is a strong deterrent. In any case, it can be observed that the Authority is becoming more and more stringent concerning fines: while in 2023 it imposed fines totalling HUF 2.2 billion, the total amount of fines imposed this year exceeded HUF 2 billion by August.