in the Light of EU Antitrust Damages Directive Union (EU) Antitrust Damages Directive (2014/104/EU) into Hungarian law in due course, the Hungarian Parliament adopted a major amendment to the Competition and Antitrust Act No. LVII of 1996 by Act No. CLXI of 2016 (the "Amendment Act"). The change came into effect on January 15, 2017. This implementation is likely to result in an easier way to succeed in private antitrust litigations. However, the existing failures of the Hungarian civil law litigation will not be remedied. On the other hand, business associations are not really encouraged to introduce legal actions in antitrust matters. In addition, the new private enforcement rules will that may, step by step, enhance private enforcement of competition law in Hungary. competition law infringement was feasible under the general civil law rules on indemnification and a few special supplementary provisions. However, the Amendment Act introduced detailed rules for damage claims arising out of competition law infringement and the enforcement thereof. These new rules are incorporated into a new chapter of the Competition Act and several other new solutions are admitted to Hungarian law aiming at the private enforcement of competition law. vertical restraints (Chapter IV of the Competition Act and Article 101 of the Treaty on the Functioning of the European Union); and V of the act and Article 102 of the treaty). Code of Civil Proceedings apply, with the exception of cases in which the special rules included in the new chapter of the Competition Act apply. severally liable for the damages caused. The principle of joint and several liability Hungarian civil law even before, but now the Competition Act also accepts this general principle in the context of competition law, which results in exceptions from joint and several liability for small and medium sized enterprises and leniency applicants to whom immunity is granted. These business players' joint and several liability exists only for the losses of their direct or indirect buyers and suppliers and are liable for the losses of further parties only if the losses cannot be enforced against the other infringers. compensation for their losses. Full compensation is the general principle of both the EU Antitrust Damages Directive and Hungarian civil law and, as such, the directive made no significant changes in this respect. The major difference between the directive and Hungarian civil law is that the Hungarian Civil Code accepts the concept authorizing the courts, in exceptional circumstances, to award compensation for damages in an amount less than the loss actually suffered. This rule is not undertaken by the Competition Act and will therefore not apply in cases of liability based on competition law infringements. Moreover, liability for such damages cannot be excluded or limited by a contractual provision. the damage caused by the infringement and European Union law. He also practices in the areas of mergers and acquisitions, corporate law, international banking law and securities matters, labor and employment, antitrust/competition law, contract law and real estate law. Lajos u. 74-76 Budapest, Hungary H-1036 fusthylawoffice.hu |