Dentons has helped Fulleren obtain the merger clearance from the Czech Republic’s Office for the Protection of Competition for the acquisition of the Slavia Praha football club.
Peter Virag Joins Oppenheim To Lead Competition Team
Oppenheim has recently announced the appointment of Peter Virag – formerly of DLA Piper – as Head of its Antitrust, Competition, and Trade team.
New Notification Obligation for Czech Energy Sector Transactions
Effective 1 January 2024, the Czech Energy Act (No. 458/2000 Coll.; "EA") mandates notification to the Ministry of Industry and Trade for both direct and indirect acquisitions of elements of energy critical infrastructure. The parties will be under a standstill obligation until the transaction is cleared. Notably, the triggering event is set to 10 % of shares or voting rights or even lower. Let's take a closer look at the new transaction review feature.
Serbian Competition Commission Closes the Bid-Rigging Investigation with Sanctions
By its decision dated 29 December 2023, the Serbian Competition Commission determined that the companies KTG Solucije and Eco Sense from the town of Subotica (in Serbia) entered into a restrictive agreement by colluding in public procurement procedures (i.e., bid rigging).
Schoenherr Appoints Seven New Partners in Poland, Romania, Serbia, Slovakia, and Slovenia
Poland's Weronika Kapica and Daria Rutecka, Romania's Adina Damaschin and Mara Moga-Paler, Serbia's Zoran Soljaga, Slovakia's Michal Lucivjansky, and Slovenia's Peter Gorse have all been appointed to Partner positions with Schoenherr.
Montenegrin Competition Agency Finds a Restrictive Agreement by Object on the Market of Services Provided by Tourist Agencies
On 28 December 2023, the Agency for the Protection of Competition of Montenegro (the “Agency”) adopted a decision regarding its finding that the pricelist adopted by the Association of Tourist Agencies of Montenegro (the “Association”) concerning services provided by the tourist agencies amounts to a restrictive agreement by object under the Montenegrin Competition Law.
New Competition Tool and Call-In Power for Mergers in Czechia?
The Czech Competition Authority (CCA) recently announced that it prepared a proposal to update the Czech Competition Act (the "Act"). While at present the proposal is just a set of ideas, it indicates how Czech competition enforcement may evolve in the years to come. Crucially, the CCA suggests deploying a "new competition tool" that will allow it to intervene even without proof of anticompetitive agreements or abuse of dominance. In addition, it wants to have call-in powers for under-threshold mergers.