konkurentsiseaduse

Konkurentsiseadus is the Estonian Competition Act. It is the primary legal framework governing competition within Estonia. The law aims to ensure fair competition in the market, prevent anti-competitive practices, and protect the interests of consumers and businesses. Its main objectives include prohibiting agreements between undertakings that restrict competition, preventing the abuse of a dominant market position, and regulating concentrations of undertakings (mergers and acquisitions) that could significantly hinder competition.

The Competition Authority (Konkurentsiamet) is the independent state institution responsible for enforcing the Konkurentsiseadus. It monitors markets, investigates potential infringements of competition law, and imposes sanctions on companies found to be in violation. These sanctions can include fines, orders to cease certain practices, or divestment of assets. The law also provides for civil remedies, allowing individuals or businesses harmed by anti-competitive behavior to seek damages in court. The Konkurentsiseadus plays a crucial role in fostering a dynamic and efficient economy by ensuring that businesses compete on the merits of their products and services rather than through illegal collusion or market manipulation.