Tuesday, November 6, 2012
Posted by D. Daniel Sokol
Astrid Ablasser-Neuhuber & Gerhard Fussenegger (Hugel Rechtsanwalte OG) explain that There is Always a First Time: Competition Developments in Austria.
ABSTRACT: Within the last couple of months, Austrian competition law has followed new paths. The Austrian Cartel Court, for the first time, imposed fines for vertical infringements. Furthermore, the Austrian Federal Competition Authority: (i) accepted, for the first time, remedies within phase I; (ii) initiated, for the first time, a dawn raid in a private home; and (iii) conducted the longest dawn raid in Austrian competition law history. These developments will be outlined in more detail in the following.