Common Contracts
1 similar Restrictive Agreement contracts
vj-058_2004_tab_a.docRestrictive Agreement • April 26th, 2005
Case number: Vj – 58/2004 Short title (party, conduct, type of case): Vektor Rt./Huntraco Rt./McCormick Ltd./Laverda S.p.a - tractor distribution, exclusivity - restrictive agreement Type of case: Restrictive agreement Vertical Description: Two tractor producers, McCormick and Laverda signed exclusive sale agreements with a Hungarian distributor, Vektor Rt. in 2002. The agreement, terminated in early 2004, before EU-accession, was found to fall under de minimis rule by the Competition Council. Choosing another Hungarian distributor the producers signed letters of intent with Huntraco. The Competition Council ruled that the letters of intent could not be judged as meritorious agreements that fall under the Hungarian Competition Act, and that the assessment of the restrictive agreement can be done when the meritorious agreements have been approved. Termination of the proceeding. Date: November 19, 2004
