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Antitrust litigation in Athens, Greece, refers to legal cases involving the enforcement of rules and regulations that promote fair competition and prevent anti-competitive practices among businesses. These laws, also known as competition laws, are designed to maintain a level playing field in the market by prohibiting activities such as price fixing, abuse of dominant position, bid rigging, and unlawful mergers. The legal framework is primarily based on both Greek national law and the European Union's competition law, which applies to businesses operating in Athens and throughout Greece.
Several situations may require individuals or companies in Athens to seek the help of an antitrust litigation lawyer. Common scenarios include:
Legal advice is essential in these cases because antitrust laws are complex and violations can lead to significant fines and business restrictions. A lawyer can protect your rights, represent your interests, and provide guidance on compliance and litigation strategy.
Antitrust litigation in Athens falls under Greek Law 3959/2011 on the Protection of Free Competition, which implements key principles of the European Union’s Treaty on the Functioning of the European Union (TFEU), especially Articles 101 and 102. The Hellenic Competition Commission is the main authority responsible for enforcing these laws.
Key aspects of local antitrust laws include:
Antitrust violations include any agreements or coordinated practices that restrict competition, abuse of dominance by large companies, and certain mergers that reduce or eliminate competition in the market.
The Hellenic Competition Commission is the primary body enforcing antitrust laws. The European Commission may also intervene in certain cases involving cross-border or EU-wide matters.
Penalties can include heavy fines, legal orders to cease offending behavior, invalidation of unlawful agreements, and, in some circumstances, criminal prosecution against individuals involved.
Yes, businesses or individuals harmed by anti-competitive behavior can file a lawsuit seeking compensation for their losses in Greek civil courts.
Investigations may be triggered by complaints, referrals from other authorities, or on the Commission’s own initiative if there is suspicion of a breach of competition law.
Yes, companies and individuals must cooperate with the Hellenic Competition Commission, provide requested documents, and comply with dawn raid procedures. Obstructing an investigation can result in additional penalties.
Certain mergers, acquisitions, and joint ventures must be notified to the Hellenic Competition Commission for approval if they meet market share or turnover thresholds. The Commission may block or impose conditions on transactions that harm competition.
Yes, Greek antitrust laws closely follow the European Union framework. Both sets of rules may apply to cases affecting trade between EU member states.
Yes, decisions can be appealed before the Administrative Court of Appeal of Athens and, subsequently, before the Council of State, the highest administrative court in Greece.
A lawyer can help you understand your rights and obligations, advise on strategy, represent you in court and before authorities, assist with compliance programs, and negotiate settlements where appropriate.
For more support or information regarding antitrust litigation in Athens, consider reaching out to these resources:
If you suspect that your business might be affected by an antitrust issue or have received a notice of investigation, consider the following steps:
Timely legal advice can make a significant difference in the outcome of your case. Seek guidance from a qualified lawyer to protect your interests and ensure compliance with Greek and EU competition laws.
