TNBiz (TNBiz)
Laws  |  October 09, 2012 15:45:11

President Klaus sanctified amendment to the Act on Protection of Competition

PRAGUE (MEDIAFAX) - The amendment of legislation on the protection of competition on Tuesday signed Czech President Vaclav Klaus. The act regulates the conditions of the program used for detecting and dismantling cartels, informed the press department of the Castle.

The amendment provides relief for example, the developer, a participant in a cartel that practices with stops himself and other participants will report to the Office for Protection of Competition (OPC). For such conduct he will be signed by the legislation waived or reduced penalty.

Office in its decisions so-called leniency program has been used for five years based on the recommendations of the Union. The purpose of the new legislation is to establish this program directly into the law. The aim is to extend Office mistrust between those who would like to try to distort competition.

The amendment also contains another passage, which prohibits participation in public contracts to companies that were caught in a cartel in the past. Since the measures, lawmakers promise to contribute to greater transparency and efficiency of procurement.

Another significant change is introduced by the proposers the option not to deal with marginal cases of violation of the law. It is these long-OPC while resampling, the business environment in the Czech Republic but have only a minimal impact.

Act will become effective on the first day of the month following the date of its publication in the Official Gazette.

Jan Soukup,

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