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» Nordic Competition Cooperation Agreement
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.:. Breakbeat Paradise Recordings .:. Home

Nordic Competition Cooperation Agreement

At regular meetings of nordic competition authorities, competition issues are addressed at the general level, as are changes in legislation and regulations, as well as decisions and judgments in particular cases of general interest. These meetings will also focus on the functioning of competition authorities as well as the speed of the procedure and the results of the work. Finland has entered into a cooperation agreement between the Nordic competition authorities to improve the handling of cross-border competition cases and the application of competition rules. Juhani Jokinen, Director General of the Finnish Competition and Consumer Authority, signed the agreement at the annual meeting of the Nordic competition authorities on 8 September 2017 in Tuusula. The contractual procedure must be completed and the Competition Act amended for the agreement to enter into force. It should be kept in mind that the administrative provisions relating to the measures taken by the competition authorities, which concern, among other things, the obligation to carry out judicial inspections or the right to appeal the actions of the Authority, vary from country to country. Therefore, the new powers should not be implemented as noted above, but should instead be subject to an appropriate and sufficient overall assessment within the specific national legal framework, while at the end of the audit, while checking whether there are appropriate counter-defence rights and provisions relating, for example, to legal control of the use of these powers. A force is not suitable for everyone. The agreement allows Nordic countries to carry out inspections on behalf of other countries. The agreement also facilitates the exchange of confidential information between countries in cartel and concentration cases. Once national ratification and legislative procedures are completed, the Nordic competition authorities will have broader powers of cooperation than before or within the NEC.

This is a summary of the main points: in 2001, the European competition authorities launched informal cooperation under the name of the European Competition Authorities (ECA). The Court`s aim is to create a forum for European competition authorities to meet and discuss the application of European competition rules and to prepare cooperation between competition authorities. Working groups have been set up under the aegis of the European Court to work with leniency programmes and issues that could arise in the context of mergers in more countries. “Part of the need to join the agreement is due to the integration of northern markets and the cross-border consequences of cartel violations; For Finland in particular, it is also about improving dialogue and information exchange with Norway and Iceland, which are not members of the EU,” said FCCA`s Juhani Jokinen.

11 April 2021 Uncategorized


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