ARTICLE · 01 FEBRUARY 2024

Hungarian Competition Law And Enforcement Trends

Schoenherr (Schönherr Rechtsanwälte)

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Schoenherr (Schönherr Rechtsanwälte)

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Significant amendments were implemented to the Hungarian Competition Act in 2023, with the Hungarian Competition Authority (HCA) exhibiting remarkable activity across diverse sectors.

HungaryAntitrust/Competition Law

Anna Turi

Márk Kovács

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Significant amendments were implemented to the Hungarian Competition Act in 2023, with the Hungarian Competition Authority (HCA) exhibiting remarkable activity across diverse sectors. What can companies expect in 2024?

Legislative changes in 2023

Many pivotal changes to the Hungarian Competition Act were adopted in 2023. These include the increase of the maximum fine from 10 % to 13 % of the worldwide net turnover of the group of undertakings in the last closed financial year, the introduction of the letter of formal notice, and numerous changes to Hungarian merger control proceedings, including new filing forms. In addition, the HCA has been empowered to enforce the Digital Markets Act in Hungary. For a more detailed summary see: https://www.schoenherr.eu/content/novelties-in-hungarian-competition-law-2023/

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Hungarian Competition Law And Enforcement Trends

Legislative changes in 2023

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