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ARTICLE · 13 FEBRUARY 2004

The New Competition Law

MACEDO VITORINO
MACEDO VITORINO
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Portuguese Government has initiated a reform of the competition framework with a view to improving the competitive landscape for both Portuguese and foreign investors wanting to develop a business in Portugal.

PortugalAntitrust/Competition Law

Summary

Law 18/2003 of 11 June sets out the new competition legal framework by revoking Decree-Law 371/93 of 29 October, as amended from time to time.

Portuguese Government has initiated a reform of the competition framework with a view to improving the competitive landscape for both Portuguese and foreign investors wanting to develop a business in Portugal. As a first step, the Portuguese Competition Authority (Autoridade da Concorrência – the "Competition Authority") was created through Decree-Law 10/2003 of 18 January 2003. Unlike its predecessor, which was a government body, the Competition Authority is an independent authority with the power to monitor competition in all sectors of the economy.

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