April 2024 – The latest proposed amendment to the
Hungarian Competition Act, recently submitted to the Hungarian
Parliament, would enter into force on 1 July 2024, but it has not
yet been adopted. The package of amendments would cover several
areas, including the introduction of a new concept of undertaking
and a new exemption category from the prohibition of restrictive
agreements.
Undertaking of fundamental principle
The proposed amendment would introduce the concept of
undertaking of fundamental principle. The Hungarian
Competition Authority (HCA) would be able to determine in the
context of a competition supervision procedure that an undertaking
is of cross-market significance for competition and consumers. To
do so, the HCA must examine, inter alia:
