A New Legal Framework In Luxembourg For A More Effective Application Of Competition Rules

ON 24 NOVEMBER 2022, THE LUXEMBOURG CHAMBER OF DEPUTIES ADOPTED BILL NO 7479A ON COMPETITION (THE "LAW"), WHICH AIMS TO PROVIDE THE LUXEMBOURG COMPETITION AUTHORITY WITH THE NECESSARY MEANS TO IMPLEMENT COMPETITION RULES MORE EFFECTIVELY.

The main objective of the new law is to allow the Luxembourg competition authority to act more independently. The new rules are also expected to strengthen legal certainty in the activities of the Competition Authority, especially concerning its investigative powers, and the options to close proceedings. This is achieved by introducing additional procedural guarantees and further clarifications on the relevant procedures.

The new rules will become effective as of 1 January 2023.