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Antitrust law, often known as competition law, exists to ensure fair business practices and to prevent companies from engaging in activities that would harm competition in the marketplace. In Corfu, Greece, these laws are part of both national and European Union regulations. Antitrust rules aim to prevent monopolies, price-fixing, abusive conduct by dominant firms, cartel arrangements, and unfair agreements between businesses. By upholding these standards, Corfu promotes a healthy economic environment, encouraging local and international commerce and protecting consumers from unfair practices.
There are various situations in which legal assistance is vital for antitrust matters in Corfu. Common reasons include:
An experienced antitrust lawyer in Corfu can help you navigate these complex situations, ensuring that your rights and interests are properly protected.
Antitrust law in Corfu falls under both Greek national law and the framework established by the European Union. The primary national legal reference is Law 3959/2011 on the Protection of Free Competition, which mirrors much of the EU’s legislation, such as Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU).
Key aspects include:
Local enforcement is typically handled by the Hellenic Competition Commission, which conducts investigations, issues decisions, and imposes sanctions when necessary.
Anti-competitive behavior includes practices such as price-fixing, dividing markets between competitors, abusing a dominant market position, and making agreements that unfairly restrict competition.
The Hellenic Competition Commission is the main regulatory body responsible for investigating and enforcing antitrust law in Corfu and throughout Greece.
Yes, as part of the European Union, Corfu businesses must comply with both Greek and EU-wide competition laws.
Penalties can include significant fines, orders to modify or cease certain business practices, and in some cases, criminal sanctions for individuals.
Reporting is not mandatory for everyone, but individuals or companies aware of cartel activities can report them to the Hellenic Competition Commission, and may be eligible for leniency.
Yes, you may bring a private action in Greek courts to claim damages if you have been harmed by unlawful anti-competitive conduct.
Legal advice is strongly recommended for mergers and acquisitions to ensure compliance with pre-notification and approval obligations under antitrust laws.
Investigations can vary in duration, ranging from several months to multiple years depending on the complexity of the case and the level of cooperation from involved parties.
You should seek immediate legal advice. A lawyer can help you respond to investigations, prepare your defense, and represent you before regulatory bodies or courts.
Yes, the Hellenic Competition Commission operates leniency programs for businesses or individuals who self-report and cooperate in investigations into cartels and other antitrust violations.
If you are seeking more information or direct assistance, the following resources may be helpful:
If you believe you need legal support concerning antitrust matters in Corfu, take the following steps:
Taking early action is crucial when dealing with antitrust issues due to the complex nature of the law and the potentially significant penalties involved. A qualified local lawyer can provide tailored advice and robust representation to safeguard your interests.
