This case highlights the Montenegrin Competition Agency’s ongoing efforts to enforce compliance with competition rules, even for the foreign transactions of related companies without effects on the local market.
Although M:tel was not a direct participant in the concentration, the Agency used the possibility to fine the related entity of the notifying party, i.e. the Agency targeted the company within the group that operates in the Montenegrin market. In addition, this is significant as this was a foreign-to-foreign transaction without any impact on Montenegro’s market.
This review written by our Partner Nikola Poznanović, Senior Associate Luka Hajduković, and Associate Jana Stanojević can be found here.