MoldovaTurcan Cazac |
"The leading law practice in the country" |
Chambers Global |
Str. Puskin 47/1-5a
Chisinau
Tel: +373 (22) 212-031
Fax: +373 (22) 223-806
At present the court's record in the field of competition law is quite poor. Most cases brought by NAPC to court refer to:
On the other hand, in most cases businesses challenge the binding orders of NAPC in court.
The most intensive activity conducted by NAPC is on merger implementation. This has been caused partially by unlawful notifications (later canceled) issued by NAPC and addressed to Moldovan notaries requiring them to provide notification of share sale and purchase agreements only with NAPC clearance. Thus, in 2008 NAPC cleared 1369 share acquisitions and in 2009 – 482.
The most recent investigation conducted by NAPC refers to a supposed "administrative cartel" in the oil market and anticompetitive arrangements between 7 of the most important oil trading companies. We are waiting the ruling by NAPC in the Economic Appeal Court for confiscation of about MDL 2,000,000 (USD$165,963) from the revenues of involved businesses as well as, on the other hand, the challenging of the NAPC binding order by the oil companies involved in the investigation.