The increasing globalisation of the economy has made competition law a rapidly evolving, essential field in doing cross-border business. Antitrust authorities in developed countries are vigilant in maintaining healthy competition in their markets, and may levy stiff sanctions again any violation of competition rules. And ever-increasing fines reflect this vigilance. This means competition law is an important issue not only for multinationals but also for medium-sized companies during mergers and acquisitions.
The risk of sanctions from antitrust authorities can be prevented by setting clear rules for the everyday behaviour of selected employees. Corporations need to be putting more effort into creating clear guidelines, training staff and conducting audits. Our lawyers know exactly what needs to be done to ensure compliance and can prepare appropriate rules and training individually tailored to our clients. This has repeatedly proven to be far more cost-effective than being investigated by antitrust authorities and risking sanctions.
Where prevention fails, we are ready to promptly and effectively react, assess the situation and propose the best solutions. In the case of unexpected dawn raids, in particular, getting prompt practical advice based on our knowledge of the antitrust authorities within the first few minutes of a dawn raid is invaluable for the outcome of the proceedings.
Equally, we know how to defend the rights of clients when authorities intervene without justified reasons. We have a good record of successful cases, including a protracted dispute to return the highest fine imposed by the Czech Anti-Monopoly Office in its history. We can also help companies protect themselves against unfair behaviour by competitors.
In view of the continuing state of emergency, we would like to assure you that Glatzova & Co. remains open and we continue to unhesitatingly provide our clients with the legal advice they require.
We evaluate and monitor the current measures of the Government of the Slovak Republic and the implementing regulations of individual ministries almost daily, as well as all legislative proposals that have an impact on property rights, contractual obligations, industrial relations, financial relations and others. Every day we deal with questions related to the impact of the current situation for our clients. We advise them on the validity, possibility of change, or performance of their contracts, we deal with liability for failure to fulfill contractual obligations due to the introduction of an emergency, and we analyze in detail the liability of the State for damage caused by the restrictions imposed. We understand the economic problems of our clients and help them to solve and attune their approach to employees, contractors or regulators. Last but not least, we deal with risks of insolvency and possibilities of defense against attempts to abuse the current unfavorable situation. As always, we try to solve problems, not create them.
Although most of our lawyers work from home these days, we are always there for you. We organize meetings primarily by telephone, Skype or other forms of online communication.
We are ready to help you navigate the current issues and answer all legal questions related to current government measures or legislative changes under preparation.
If you need any legal services, please do not hesitate to contact one of our partners at any time.
Our lawyers prepare regular webinars and articles responding to current events. Up-to-date information on topics and dates can be found on our website.