Antitrust clause in the new Hungarian constitution

December 1, 2012

According to the new Hungarian Constitution ‘Hungary shall ensure the conditions of fair economic competition, act against the abuse of a dominant economic position  and protect the rights of consumers’. In line with international antitrust enforcement trends, the Hungarian States also determined to fight against harmful market  conduct. The new Constitution of Hungary reflects this approach as well by making it an obligation of the State to ensure the conditions of fair economic competition and to intervene against abuse of dominance. However, it remains doubtful as to whether it was appropriate to incorporate these objectives into the Constitution.

You can read here the article published in the Antitrust Newsletter of the International Bar Association by dr Bassola.