Hungary increases fine cap to 13% of yearly turnover – a conscious competition policy move or a fiscal adjustment for budgetary purposes?
Whereas competition law regimes around the globe struggle to find the right enforcement tools in a fast changing world, Hungary is to experiment a simpler approach: an “increase of the hammer’s size”. The article is written by Gábor Fejes (Partner, Co-Head of Competition and Antitrust), Balázs Csépai (Senior Associate, Competition and Antitrust) and Flóra Kondrát (Junior Associate, Competition and Antitrust).