Competition and Antitrust
Meet the Co-chairs - TAGLAW
Nysingh advocaten-notarissen N.V.
Kirton McConkie, PC
By: Livia Oglio
Since February 3, 2017 damages actions for antitrust violations in Italy are governed by the new rules enacted by Legislative Decree no. 3/2017, implementing the 2014 EU Antitrust Damages Directive (Directive 2014/104/EU).
The European Commission's initiative stems from the awareness that, while the right to full compensation is guaranteed under the EU Treaties directly, the practical exercise of this right by victims of antitrust violations was often non effective or occurred in a way that made it excessively difficult or almost impossible because of the applicable rules and procedures in the national legal systems concerned.
“Great electricity energy systems are accepted as the most complex man-made machines.”Electricity energy is used in almost in every area of our highly populated modern cities. In that sense, the usage of the “most complex man-made machines” encumbers responsibility on the undertakings that own electricity distributorship networks, with regard to the provision of continual and high quality electricity to cities and industries.
The Competition Board (“Board”) has evaluated whether Türkiye Petrol Rafinerileri A.Ş. (“Tüpraş”) abused its dominant position through its turnover premium rebate system in accordance with Art. 6 of Act No. 4054 on the Protection of Competition (“Competition Act”) in its decisiondated 16.03.2016 and numbered 16-10/159-70.
The Australian Consumer Law contained within the Competition and Consumer Act 2010 (ACL) and the Australian Securities and Investments Commission Act 2001 (ASIC Act) provide protection to consumers from unfair contract terms in certain business-to-consumer transactions.
Popov & Partners took part in the public discussions regarding the proposed amendment of Competition Protection Act (CPA).
Our “Regulation and protection of competition” Department, which includes experts that has work experience in the Commission on protection of Competition, analyzed the project and formed an opinion that the project aims at important positive effects, but in order to make it possible to affect in the best positive way the Bulgarian market, there is a need for changes in the legislation approach and in the precise wording of some of the texts.