The Competition Act may be amended at several points, and the GVH may receive new powers
The competition protection activities of the Economic Competition Authority (GVH) can be even more effective, as the competition law can also be amended at many points within the framework of the amendment of judicial laws.
In the announcement, it was highlighted that the draft law – in addition to numerous other amendments that make the GVH’s powers and tasks more efficient – includes the provision concerning businesses of fundamental importance. The planned new powers of the GVH are based on the German model. Based on the German competition law, the German competition authority is entitled to designate companies that have outstanding importance across markets. An illustrative list is also defined in the German Competition Act as to what aspects the authority must take into account during the selection process. The obligations that can be imposed on the designated company are largely the same, the competition office explained.They added that similar authorizations concerning ownership rights can be found in the Law on Credit Institutions and Financial Enterprises, and the powers are exercised by the Magyar Nemzeti Bank (MNB).
Related news
The Hungarian Health Authority took action due to misleading health claims
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The GVH Digital Awareness Program helps you recognize the tricks used by advertisements to influence you
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Expensive start to school: GVH investigates suspected cartel
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Dea Frankó Csuba at the Inno d’Or conference: a future that can be shaped
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Chinese platforms accelerate warehouse growth across Europe
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Coffee, Creativity, Community – Caffè Vergnano Barista Championship 2025
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >