With effect from 1 January 2024, the Office for the Protection of Competition (ÚOHS) of the Czech Republic issued a new notice on compliance programs specifying how ÚOHS will consider internal competition compliance rules as a mitigating circumstance when imposing fines. Since 2022, ÚOHS has recognized the enhancement of an existing compliance program, or the introduction of a new program, as a mitigating circumstance when imposing fines, subject to certain conditions. Building on the experience gained, the new ÚOHS notice outlines the conditions that businesses must meet for a compliance program to be considered effective and by how much the imposed fines can be reduced.
Author
Alexandr César
BrowsingAlexandr César serves as head of the Competition Practice Group and co-head of the Mergers & Acquisitions Practice Group in the Firm’s Prague office. He has been recognized as a leading individual in the field of M&A and competition law by PLC Global Counsel 3000, Chambers Global and GCR Survey.