New Belgian competition act enters into force 9 September 2013
On 6 September 2013, the bill amending the Competition Act entered into force. The amended Competition Act constitutes Book IV of the new Code of Business and Economic Law (Wetboek van economisch recht/Code de droit économique). Amongst other things, the Act reforms the Belgian Competition Authority. The objectives of the reform are twofold: on the one hand, to simplify the Competition Authority's structure and, on the other hand, to introduce faster and more efficient procedures. For instance, the Act provides for a settlement procedure for competition law violations and the possibility to appeal investigative measures. It also allows the Competition Authority to impose administrative fines on natural persons. Finally, the Competition Authority is granted new powers in relation to price intervention.