Council of AMO SR upheld a fine for the undertaking VEREX HOLDING, a.s., for the submission of false information

24.04.2019
On 4 April 2019 the Council of the Antimonopoly Office of the Slovak Republic (hereafter “the Council of the Office”) issued a decision No. 2019/NPI/POK/R/10, by which it upheld the first-instance decision of the Antimonopoly Office of the Slovak Republic, the Division of Concentrations, (hereafter "the Office"), of No. 2018/NPI/POK/3/27 issued on 12 September 2018. By the first-instance decision the Office imposed a fine on the undertaking VEREX HOLDING, a.s., for submitting false information to the Office. The Office requested the information in relation to the investigation of a possible breach of the Act on Protection of Competition (hereafter „the Act“) grounded in the failure to notify the merger concerning the area of the operation of recreational facilities and the provision of related services.

According to the Article 38a Paragraph 1 of the Act, the Office shall impose a fine for the breach of the obligation to submit documentation or information to the Office within stipulated time-limit, or for the submission of false or incomplete documentation or information, or for not allowing to verify them, namely:
  • an undertaking or legal person, who is not an undertaking may be fined up to 1 % of the turnover pursuant to the Article 3 Paragraph 5 of the Act for the previous accounting period,
  • a natural person who is not an undertaking may be fined up to EUR 1 650.
The Office imposed on the undertaking VEREX HOLDING, a.s., a fine of EUR 19 122. The amount of the fine imposed on the party to the proceedings by the first-instance body was confirmed by the Council to the Office.

The Council of the Office´s decision came into force on 9 April 2019.

The party to the proceedings may seek a judicial review of the decision.
Last update:24.04.2019