The new Austrian Competition Act came into force this summer. The changes to the law may not be radical, but new enforcement agencies and the removal of political interest groups from the process mean that its implementation will be assiduous, write Richard Wolf and Christian Temmel
On 1 July this year the Austrian Competition Act came into force, legislation that could prove one of the most remarkable changes in Austrian competition law. The Act established three new authorities: a Federal Competition Authority, a Federal Competition Commission and a Federal Cartel Attorney. At the same time, the Austrian Cartel Act was amended to realign procedural rules to the newly created institutions.
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