Global Competition Law is primarly a practitioner's guide presenting the most salient aspects of the major competition laws country by country, giving an overview of their structure and most charasteristic elements.
Global Competition Law also provides insight into possible future developments in the field.

Global Competition Law

The Competition Act applies to all restrictions of competition that have effects within Greece, even if the conduct occurs outside of Greece and/or is engaged in by undertakings that are not established in Greece (Section 46).
The Competition Commission enforces national and EU Competition rules in all sectors, except the telecommunications and postal services markets. The Hellenic Telecommunicati …

Scope

At the time that Greece became the tenth Member State of the European Union in 1977, the Greek parliament adopted Law No 703/77 “on the Control of Monopolies and Oligopolies and the Protection of Competition”. The Competition Act has been subsequently reformed by several further Acts. Act No 2837/00 (FEK 178/A of 3.8.00) in particular, granted the Competition Commission status as an independent regulatory agency with financial autonomy. On August 2005, Act No 3373/2005 was adopted in order to harmonize the national antitrust legislation with EU competition law, especially with Council Regulation (EC) No 1/2003. This Act introduced inter alia a leniency program in antitrust enforcement and provided the necessary mechanisms for a decentralized enforcement for EU competition law. However, it did not follow the main innovation of Regulation No 1/2003, which consisted in the abolition of the antitrust notification and authorization system, and the introduction of a system of legal exception. Thereafter, Amendment No 3784/2009 abolished negative clearance and the prohibition of abuse of economic dependence (Section 2a, Law 703/77). Abuse of economic dependence now forms part of the Unfair Competition Act (Section 18a, Law 146/1914) and is no longer controlled by the Competition Commission, but by the civil courts. In April 2011, Law No 3959/2011 on the Protection of Free Competition replaced Law No 703/77. The new competition act abolished inter alia the notification system for agreements and aligned the level of the fine for infringement of competition law with that of the EU system.

On 24 January 2022 new Law No 4886/2022 (GG A' 12/24.01.2022) entered into effect amending the Greek Competition Act and transposing Directive (EU) No 2019/1 of the European Parliament and of the Council of 11 December 2018 “empowering the competition authorities of the Member States to be more effective enforcers and to ensure the proper functioning of the internal market”. 

Context

The Competition Act applies to all restrictions of competition that have effects within Greece, even if the conduct occurs outside of Greece and/or is engaged in by undertakings that are not established in Greece (Section 46).

The Competition Commission enforces national and EU Competition rules in all sectors, except the telecommunications and postal services markets. The Hellenic Telecommunications and Post Commission (EETT) is responsible for safeguarding competition in the industries under its jurisdiction, applying the special rules of the telecoms legislation. There is no formal link between the EETT and the Competition Commission, although there is a well-established informal relationship. An independent administrative authority, called the Regulatory Authority for Energy (RAE), regulates all sectors of the energy market (Electricity, Natural Gas, Oil Products, Renewable Energy Sources, Cogeneration of Electricity and Heat) and cooperates with the Competition Commission which ensures the enforcement of competition law in these sectors.

Global Competition Law

338. Scope

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise

Les notions juridiques connexes

338. Scope

Demandez un accès gratuit au contenu exclusif Livv – juristes d’entreprise

Les notions juridiques connexes

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise