The Competition Law in Estonia is a set of regulations which has been adopted in order to adjust market competition. This act which has been passed in 2001, and consolidated in 2012, has to be respected by all companies established or functioning in Estonia. Our Estonian lawyers can inform you in detail about the provisions of the Competition Law so that you can develop safely your enterprise in this country
Main provisions of the Competition Law in Estonia
One of the main provisions of this Act is the prohibition of agreements between undertakings in order to manipulate or restrict prices, or control and limit the overall production, deliberately disadvantaging other participants to the market.
The Competition Act in Estonia
prohibits as well the exchange of information between enterprises to the effect of restricting competition and obstructing the fluency of the free market
. The Competition Act in Estonia
is not entering the domain of the labor market and does not make provisions in this sector.
There are several sections of the Competition Law which refer to state aid and to the conditions for its application. However a powerful accent is put on the unfair competition which is described as consisting of dishonest trading practices such as launching misleading information or using confidential information.
Our law firm in Estonia
has an experienced team of lawyers who can offer you legal advice concerning the Competition Law in Estonia
Advantages of the Competition Law in Estonia
One of the main purposes of the Competition Law in Estonia
is to maintain a free competition between the enterprises
and to let the market evolve naturally according to the capitalist principles.
The prohibition that the Competition Act imposes manages to avoid the situations in which dominant participants to the market abuse their strong positions, such as exclusive rights or control over specific facilities.
Whether you want to understand which provisions of the Competition Law
in this country impact most your enterprise, feel free to contact
our attorneys in Estonia
for professional assistance.