Competition law hungary

Act LVII of 1996 on the Prohibition of Unfair and Restrictive Market Practices Act IV of 1959 On the Civil Code of the Republic of Hungary Practices Act CLXIV of 2005 on Trade Act XLVIII of 2008 on Essential Conditions of and Certain Limitations to Business Advertising Activity Act XCV.

The newly adopted amendments are mostly concerning the current merger procedure under the Hungarian Competition Act.
As regards to the merger thresholds, the legislator maintains the current, two-stage threshold system, but increases the applicable numbers.
This means, that concerned undertakings have to notify the GVH on their transaction if .

With its recently adopted laws, the Hungarian Parliament decided on some major changes to Act LVII of 1996 on the Prohibition of Unfair Trading Practices and Unfair Competition (’Hungarian Competition Act’) considering merger thresholds, a formal notice procedure and expenditure of the GVH’s power in relation to the EU’s Digital Market Act.

The Competition Law in the Netherlands is based on the Dutch Competition Act that observes the relevant European policies and directives regarding economic competition.
These regulatory documents contain provisions for the avoidance of cartels, illegal undertakings of a dominant position or the abuse of power and the unlawful use of state aid.