In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
A Vigilant Eye: Romania’s Competition Council
The competitive landscape in Romania is marked by rigorous enforcement and alignment with EU regulations, making it a challenging, dynamic environment for businesses. Tuca Zbarcea & Asociatii Partner Andreea Oprisan discusses recent legislative developments and the Romanian Competition Council’s proactive measures in an effort to shed light on this complex legal framework.
Increased Competition Fine Cap from 1 August 2024
As of 1 August 2024, the maximum amount of the fine that can be imposed by the Hungarian Competition Authority (“HCA”) will increase from 13% to 15% during the state of war emergency.
Schoenherr Advises on Austrotherm's EPS Insulation Business Acquisition Clearance
Schoenherr has advised Austrotherm GmbH on the merger control filings for the acquisition of the EPS insulation business unit of the Austrian insulation manufacturer Brucha.
Ukraine Announces Further Changes to Competition Legislation
Following the implementation of the first stage of the Competition Law reform, the Antimonopoly Committee of Ukraine (AMC) unveiled a new Draft Law on 24 July 2024, marking the second stage of the reform. This draft aims to further align Ukrainian competition legislation with EU standards and refine certain previous changes.
Romanian Competition Council Conducts Investigations of Alleged Abuse of Superior Bargaining Position and Alleged Unfair Trading Practices. What Does This Mean for Companies?
On 26 June 2024, the Romanian Competition Council (the "RCC") announced that it had conducted a dawn raid as part of an investigation concerning the possible abuse of a superior bargaining position by a company active in the supply of liquid medicinal oxygen against a public hospital. The investigation has been launched ex officio as a result of information received from public sources. The case is noteworthy as it marks the first time the RCC has launched a review regarding an alleged abuse of superior bargaining position, a relatively new type of infringement under Romanian competition rules.
Gessel Advises Grupa Kety on Competition Clearance for Selt Takeover
Gessel has advised Grupa Kety on obtaining competition clearance for its takeover of Selt.