
Valentin Berea, Partner RTPR: “Too much transparency through price increase announcements can raise antitrust risks”
24 Mai 2022
BizLawyerThe Competition Council’s representative pointed out that the lobbying activity of professional associations is legal and legitimate, but it should not involve exchange of strategic information
![]() |
“2022 is a very complicated year in the context of the constant increase of prices. Our priorities do not change radically. We will enhance monitoring the markets, we will be much more attentive to price fixing agreements between companies and not only”, declared Dragos Vasile, competition councillor, member of the Competition Council Plenum, during the event “Price increases also trigger legal risks. How to avoid them?” organised by RTPR. The Competition Council’s representative pointed out that the lobbying activity of professional associations is legal and legitimate, but it should not involve exchange of strategic information.
Irina Popovici, Head of Cartel Unit of the Competition Council noted that the institution is very attentive to information exchanges. If behind public statements there is a system of signalling intentions and coordination to respond to market tensions or changes, then such situations will fall within the competence of the authority. The official stated that the institution had investigated such cases in the past, mentioning the Competition Council’s analysis of a sector where players voluntarily provided detailed information through the press on a regular basis, a situation that created predictability and reduced the commercial risk of a normal competitive game, helping participants to coordinate more easily.
Irina Popovici, Head of Cartel Unit of the Competition Council noted that the institution is very attentive to information exchanges. If behind public statements there is a system of signalling intentions and coordination to respond to market tensions or changes, then such situations will fall within the competence of the authority. The official stated that the institution had investigated such cases in the past, mentioning the Competition Council’s analysis of a sector where players voluntarily provided detailed information through the press on a regular basis, a situation that created predictability and reduced the commercial risk of a normal competitive game, helping participants to coordinate more easily.
In the current context, companies feel the need to communicate even more to consumers about the reasons behind the price increases, including about future prices, in order to create realistic expectations. If the announcements are unilateral, genuinely public, and cannot be revised before implementation, and not just mere intentions, information may help clients (including consumers) plan their acquisitions, so they should not raise a competitive risk. However, problems appear when players succeed their public announcements and subsequently amend their strategy based on competitors’ announcements, eventually reaching a balance that is not the result of the natural dynamics of the competition. “There is a considerable risk if the announcements are used only to test the market and cause a reaction from competitors. The risks are higher on stable, oligopolistic markets, with a high degree of natural transparency, especially in terms of costs, and where it is easier to reach coordination between companies. In this case, any further increase in transparency and any signalling practice between competitors may raise concerns”, said Valentin Berea, Partner RTPR.
The lawyer also mentioned the risk involved in using confidential information regarding future prices in the case of clients who have access to this kind of information from their suppliers who are competitors between themselves. If the authority identifies a pattern in which the client becomes a conduit between competing suppliers, exchanging confidential prices between them, this practice is analysed as a prohibited information exchange, known as “hub & spoke”. Companies should avoid asking their clients for the non-public price list of their competitors. If they receive unsolicited access to such information in a commercial negotiation, they should not use it as a working tool for determining their own commercial policy. Moreover, companies should avoid any interaction with their competitors in relation to information received from common clients.
In her turn, Roxana Ionescu, Partner RTPR, discussed the draft law on preventing speculative actions and the acute need to clarify certain concepts if the act will be adopted (such as unreasonably high prices or what could be considered a reasonable intermediate profit margin). The lawyer also discussed the increased role of the NAPC (The National Authority for Consumer Protection) in applying significant fines in its area of competence, referring to the new legislation which stipulates the possibility for the NAPC to apply fines calculated based on the offender’s turnover, such as the regulation implementing the Omnibus Directive at national level, which is about to enter into force or the Government Emergency Ordinance regarding the measures applicable to final customers on the electricity and natural gas market between 1 April 2022 - 31 March 2023.
RTPR is one of the most experienced and highly regarded law firms in Romania, recognised as such by the Legal 500, Chambers and IFLR1000, which every year rank the firm in top positions in their rankings for various practice areas, such as Banking & finance, Corporate/M&A, Capital Markets, Dispute resolution, Competition, Energy and natural resources, Real estate and Construction, Employment and Intellectual Property.
Publicitate pe BizLawyer? |
![]() ![]() |
Articol 1155 / 4526 | Următorul articol |
Publicitate pe BizLawyer? |
![]() |

BREAKING NEWS
ESENTIAL
Tranzacție rară pe piața românească | Cum au lucrat avocații Legal Ground în proiectul legat de achiziția unor obligațiuni ‘tokenizate’, înregistrate și tranzacționate prin sistemul blockchain. Mihai Dudoiu (Partener): ”Pe lângă aspectele comune unor proiecte de finanțare ‘clasice’, a fost necesară integrarea unei componente de fintech. Arhitectura juridică a trebuit adaptată unui cadru relativ nou și încă în formare din punct de vedere normativ”
LegiTeam: Atorney at Law (0 - 2 years) - Dispute Resolution | Reff & Associates
BizLawyer îi prezintă pe avocații care au devenit parteneri în ultimele runde de promovări | Corina Roman, avocat format în câteva firme mari, spune că a regăsit „cu drag”, la BACIU PARTNERS, aceeași preocupare pentru knowledge și dedicare față de mandatele primite de la clienți. “Nu am crezut niciodată că voi lucra într-un proiect cu sateliți, dar iată că aici am avut această ocazie. Și mi-a plăcut enorm, pentru că m-a scos din zona de confort. Acum, datorită acelei experiențe, știm mai multe și putem explora și acest tip de proiecte la nivel de echipă”
Employment | Pe parcursul ultimului an, s-a remarcat o preocupare crescută din partea angajatorilor pentru „descifrarea” obligațiilor tot mai complexe care le revin în temeiul legislației de dată recentă, spun avocații specializați în Dreptul Muncii de la PNSA. De vorbă cu Ioana Cazacu, coordonatoarea practicii, despre noutățile din legislația muncii, solicitările clienților și mandatele complexe în care a fost implicată echipa
BRD coordonează un club loan de 190 mil. € pentru NE Property BV. Avocații CMS au consiliat consorțiul bancar în această finanțare
LegiTeam: Lawyer - Corporate M&A | Reff & Associates
Cine sunt campionii pieței locale evidențiați în ultimul clasament IP Stars 2025 | Baciu Partners are cele mai multe recomandări în prima bandă din domeniul mărcilor. ZRVP și Dincă & Speciac sunt pe primul palier al performanței, urmate de Mușat & Asociații și NNDKP
CMS își consolidează echipa din România prin promovarea a șapte avocați | Horea Popescu, managing partner CMS România: ”Aceste promovări reflectă nu doar calitatea muncii lor, ci și energia și dedicarea cu care aduc rezultate remarcabile clienților noștri și ne poziționează perfect pentru a ne continua creșterea și dezvoltarea competențelor”
LegiTeam | Mitel & Asociații recrutează avocat cu experiență (Litigii și Soluționare a Disputelor)
Țuca Zbârcea & Asociații câștigă pentru Silcotub un litigiu major privind recalcularea prețului energiei electrice în lumina Ordonanței de urgență nr. 27 ̸ 2022
Filip & Company a asistat Banca Transilvania în prima sa emisiune de obligațiuni sustenabile în lei în valoare de 1,5 miliarde de lei. Alexandru Bîrsan (managing partener) a coordonat echipa
Women Lawyers | Din vorbă în vorbă cu Andreea Mihalache, Partener în cadrul firmei Popescu & Asociații, profesionist reputat, cu aproape 30 de ani de experiență ca avocat litigant la cel mai înalt nivel: ”Dincolo de oportunitatea de a lucra la dosare complexe, am și sprijinul unei echipe unite, ceea ce face ca fiecare provocare să fie o oportunitate de învățare și evoluție profesională”
Citeste pe SeeNews Digital Network
-
BizBanker
-
BizLeader
- in curand...
-
SeeNews
in curand...