News, 12 August 2011
The new Competition Act will become effective on 1 November 2011. The Parliament bill was approved in the presidential session of 12 August 2011. The main amendments relate to merger control, penalties, the procedure adhered to in the review of competition issues and damages.
The FCA has prepared for the new Act e.g. by drafting proposals for new guidelines. These will be published well before the new Act enters into force. The FCA has also launched a series of regional seminars together with the Regional State Administrative Agencies in which companies and the representatives thereof can learn about the content of the new Act. The majority of the events will be held in September-November.
The New Act will also be available in English in November.