August / September 1999

Spain: Amendments to Spanish competition law too cautious

01 August 1999

This year is the 10th anniversary of Spain’s Competition Law. The proposed reforms are an important step in the right direction, but perhaps not far-reaching enough. The institutional changes which had been considered in the early stages of the legislative process have not been reflected in the Draft Bill. These changes would have given more independence to the Spanish competition authorities. It also remains to be seen whether the Spanish competition authorities will be given the required resources and funds to implement the new law properly.