On September 16, 2022, Law 17/2022 of August 17 entered into force, granting new powers to the Portuguese Competition Authority
Law 17/2022 of August 17 introduces several changes to competition law that affect companies directly.
We highlight the following changes:
> The applicable fines have been increased as they now cover business groups’ worldwide turnover.
> The search for and selection of information at dawn raids can now be carried out at the premises of the Portuguese Competition Authority.
> The statute of limitations can now be extended indefinitely while judicial appeals are pending.
> The period for lodging an appeal against the Portuguese Competition Authority’s final decision has been extended from 30 to 60 business days.
> Judicial appeals will now only be able to be suspended by providing 50% of the fine as security.