Extract
Cartel Law Amendment 2005.
It has only been three years since the Austrian cartel law was last amended. Whereas at that time the focus was on the creation of new authorities (Federal Competition Authority and Federal Cartel Prosecutor) and procedural changes, the new amendment primarily concerns substantive issues. The present amendment is, for the time being, the last brick of alignment with EC cartel law. As regards the latter regime, EC Regulation 1/2003 had brought a complete paradigm shift in enforcement. Instead of constitutive exemption decisions by the European Commission for notified cartels, there is now a decentralized system of exempt...
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