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 scope of the Act extends to the market practices of undertakings carried out abroad where such practices have effects in Hungary (Section 1). The Act applies to natural and legal persons and any other economic operators, regardless of their form, including Hungarian branches of undertakings domiciled abroad and public enterprises.
  Sectoral regulation, such as the Electronic Communication Act …

Scope

In 1990, Hungary adopted its Competition Act modeled largely on German law. In 1996, seeking to harmonize its competition law regime with Union Law in light of its application for European Union accession, the 1990 Act was replaced by the Prohibition of Unfair and Restrictive Market Practices Act of 1996. Further amendments to the Act have been adopted almost every year up to the final amendments adopted on 6 December 2016, for the implementation of EU Directive 2014/104 on damages actions for competition infringements, which entered into force on 15 January 2017 and those brought by Act XIX  of 2020 for the implementation of the ECN+ Directive entered into force on 1 January 2021.

The Act regulates unfair and deceptive practices, in addition to competition matters such as anticompetitive practices and concentrations. In Chapters II and III, Sections 2 to 10/C, the Competition Act establishes a prohibition against unfair competition and unfair manipulation of consumer choice. Chapter IV prohibits agreements restricting economic competition, whereas Chapter V prohibits abuse of a dominant position. New Chapter XIV of the Act establishes the new rules for damages actions in compliance with Directive 2014/104.

The goals of the Competition Act are the protection of public/consumer interest, freedom of economic competition and efficiency.

Context

The scope of the Act extends to the market practices of undertakings carried out abroad where such practices have effects in Hungary (Section 1). The Act applies to natural and legal persons and any other economic operators, regardless of their form, including Hungarian branches of undertakings domiciled abroad and public enterprises.

  Sectoral regulation, such as the Electronic Communication Act XL of 2001 or the Electricity Act CX of 2001, provides for cooperation between the Hungarian Competition Authority, which is empowered to apply the Competition Act, and the sectoral regulators. Before adopting a decision, the Office must obtain advice from the relevant regulatory authority.

Global Competition Law

365. Scope

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Les notions juridiques connexes

365. Scope

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Les notions juridiques connexes

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