Unfair Price Assessment Board Established in Turkey
The Board’s establishment is a response to the price increases due to COVID-19 pandemic.
COVID-19: Intervention Measures to Support the Slovenian Economy
On 21 April 2020, the Slovenian Government proposed the amendments to the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy as adopted by the Slovenian Parliament on 3 April 2020.
EU Relaxes the Rules on Horizontal Cooperation during COVID-19 Crisis
Following the joint statement of 23 March 2020 by the European Competition Network, consisting of the European Commission, the European Surveillance Authority and the national competition authorities of each EU/EEA Member States on the joint approach to the application of competition law during the coronavirus crisis, the European Commission issued on 8 April 2020 a Temporary Framework Communication, providing a more comprehensive antitrust guidance to companies cooperating in response to the crisis.
Enforcement of Competition Law during COVID-19 Crisis
Since the outbreak of COVID-19 in Europe, several national competition authorities have already opened investigations into potential infringements of competition laws
Greece: HCC Launches an E-Commerce Sector Inquiry and a Public Consultation for Stakeholders
On 31 March 2020, the Hellenic Competition Commission published its decision of 11 March 2020 to initiate a sector inquiry into e-commerce, exercising its competency under Article 40 of Law 3959/2011.
Covid-19 and EU State Aid Developments: The European Commission Shows Quick Reflexes in its Effort to Alleviate the Economic Impact of the Pandemic th...
When the effects of the pandemic first became apparent, it also became clear that the European Commission would need to put forward all available tools to support the EU’s economy. In this context, the President of the European Commission, Ursula von der Leyen, stated on 10 March 2020, amongst others, that the Commission would “make sure that state aid can flow to companies that need it”.
New Price Controls Provisions and HCC Investigation regarding Price Increases and Shortages in Healthcare Materials
By Legislative Act – Decree of 20 March 2020 (GG A’ 68/20.03.2020), the Greek State provides further measures in order to address abusive price speculation and shortages, in response to the coronavirus spreading risk.
Greece: Measures Implemented on National/EU Level in Regulated Markets due to the COVID-19 Pandemic
On national level:
On 17 March 2020, the Hellenic Capital Market Commission (“HCMC”) decided to prohibit short sales and transactions other than short sales which create or increase the net short positions in shares admitted to trading on the regulated market of the Athens Exchange, irrespective of the venue where the transaction is executed, subject to certain exceptions. The temporary prohibition includes sales of shares covered by subsequent intraday purchases. The measure is also applicable to all related instruments relevant for the calculation of the net short position determined in…
How did COVID-19 Affect Competition Law?
This new type of virus has adversely affected the daily lives and commercial activities of individuals and legal entities. Kolcuoglu Demirkan Kocakli observes that the pandemic, along with its effects on fulfilment of contractual obligations and other areas of law, has certain consequences on the processes of competition authorities.
