Competition Alert May 2021
April 2021 Competition Act Reform
The Spanish Competition Act has just been amended including changes which, though less ambitious than initially envisaged, must be known to companies and individuals with economic interests in Spain. The reforms include areas such as:
- antitrust fines, which upper limits are increased substantially;
- leniency, where a marker system is now put in place;
- rejection of complaints, where a new “priority” test is put in place.
We have summarised the above and other points affected in a one-page quick look note, here.