Less fraud and lower prices due to the novel anti-trust – Polish Press Agency

Less fraud and lower prices due to the novel anti-trust – Polish Press Agency

18.01. Warsaw (PAP) – The penalty of up to 2 million zł for a member of board of directors for their participation in the cartel, the vent at the voluntary submission to the penalty and the possibility of alerting the OCCP against unfair advertising – this change introduces novel anti-corruption enters into force on January 18.

The amendments relate to the provisions of the Act on competition and consumer protection.

They introduce personal responsibility of board members for participating companies in the cartels. The right to impose on the person in charge of a penalty for admission to a breach by the competition rules became President of the Office of Competition and Consumer Protection and the maximum penalty that can be imposed on a natural person, is 2 million zł.

“The amendment closes issue of liability for breach of competition. So far, any penalties or costs are borne exclusively by shareholders of such company. We hope that this closed system will be an incentive for entrepreneurs to make compliance schemes that will be prevented from entering companies or their respective employees cartels “- explained the president OCCP Adam Jasser.

President of the OCCP has also gained a new law warning consumers at a time when the proceedings and charged with undertaking that its conduct may violate the collective interests of consumers. Such a warning will be able to be published on the website of the Office, before a final decision in the case.

“The idea is to quickly inform consumers that the business activity could result in significant losses or adverse effects of weaker market participants “- explained in a recent interview with PAP Vice President of the OCCP Dorothy Karczewska.

The warnings are to be issued by the President of the OCCP in the form of a decision. The entrepreneur will be able to challenge this decision, but it will not stop its execution until the case is decided by the court. Impetus for the introduction of such a power given matter Amber Gold.

Extends the period of limitation or restrictive practices from one to five years. The authors of the provisions are hoping that this will allow for more effective detection, but also will act preventively in order to agreements on the market went down.

The new regulations are also intended to encourage entrepreneurs to cooperate with the Office.

From now on, the entrepreneur himself will be able to refer to the Office for voluntary submission to penalty in antitrust proceedings, so you will be able to gain 10 per cent. reduction of the penalty.

The amendment is also to simplify and shorten the process of concentrations between undertakings – it introduces a two-step procedure for examining proposals on mergers and acquisitions, providing, inter alia, that a simple concentration will be considered within a month. Until now, there were two months. Matters which may cause effects on the market, they have to be dealt with four months.

The OCCP will also be able to at this time to present objections to the proposed concentration. This is to enable entrepreneurs substantive comment on the allegations. OCCP control will not be subject to, inter alia, concentration on achieving business calls on Polish territory slight rotation – up to 10 million euros. (PAP)

MWW / drag /

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