In case of cartel suspect, they firms have to demonstrate
There is no international example of the modification of the Hungarian Competition Act. From now the sued companies have to prove, that their illegal market behavior put less impact on the market price than 10 percent.
The modification which came into force in June 2009 is the introduction of the the legal presumption which is in accordance with the view that the cartel price impact is 10 percent on the market. The importance of the presumption is that the burden of proof is reversed, that is not the applicant's initial lawsuit for damages, but the cartelling firms have to demonstrate that 10 percent less price increase caused by the unlawful and illegal market behavior. The amendment is intended to encourage victims to start compensation proceedings. Up to now, the cartel suspects forced by Economic Competition Authority to only pay an administrative fine because the proof of the extent of the damage had serious procedural and practical obstacles encountered in the applicant's site.
Related news
Related news
The latest issue of Trade magazine is out now!
This time the digital version has been extended to 192…
Read more >After a subdued year, the holiday season is strong
74% of online shoppers, around 3.1 million people, are preparing…
Read more >Battle of the regions: these are the most popular dishes according to Hungarians
Five times the national average of Mexican food is consumed…
Read more >