Notice

The Competition Act empowers the President of the Hungarian Competition Authority (Gazdasági Versenyhivatal – ‘GVH’), together with the Chair of the Competition Council to issue notices, which describe the basic principles of the law enforcement practice of the GVH. These notices have no binding force; their sole function is to provide substance to the provisions of the law that are applied by the GVH, whilst also providing summaries of the well-established past practice and outlining the practice that is to be followed when applying legal provisions in the future. The Notices draw on the experience gained from past decisions; however, when departing from concrete cases they also reflect the understanding of the GVH and, as guidelines, they can anticipate decisions in future cases.