HCC RunDown 2019

The Hellenic Competition Commission’s (HCC’s) investigatory activity during 2019 was marked by the biggest Dawn Raid carried out to date by HCC’s officials in the banking sector. HCC officials carried out successive unannounced ex officio investigations at the premises of a number of banks and banking associations triggered by complaints filed by market players supporting that the four systemic banks under investigation are alleged to have been involved in anti-competitive horizontal agreements in the provision of banking and payment services.

In addition, the HCC in plenary session decided through Decision No. 696/21.11.2019 the determination and quantification of the criteria for case prioritization and the setting of its strategic priorities upon the basis of a new point system, following public consultation, replacing the previous relevant decisions of the HCC on the matter. The main objective of the updated point system is to enhance the efficiency and effectiveness of the HCC’s operations.

The full text of the article, prepared by KG Law Firm’s Competition & Antitrust team is available here.