The Finnish Competition Act.

Co-Authored by Christian Wik and Caroline Westerling

This article first appeared in Getting the Deal Through: Merger Control - A

Global Competition Review Special Report.

The Act on Restrictions on Competition, 480/92, as amended, ('the Act') is the primary source of Finnish competition law. It aims to protect effective economic competition from detrimental restrictions. The Act covers restrictive business practices such as vertical price-fixing, collusive agreements in competitive bidding, agreements or arrangements between competitors to fix or recommend prices, restrict production or share markets or sources of supply, and abuse of dominant position. In addition to these prohibitions, the Act has a general clause under which restrictive practices not prohibited per se found to have harmful effects, may be investigated. Since October 1, 1998 the Act has also contained merger control provisions.

Scope of application of the Act

The Act applies generally to all economic activities perfo...

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