The European Roots of Hungarian Regulation of the Cartels Special Attention to the Foundation of Cartel Supervisory Public Authorities
The European Roots of Hungarian Regulation of the Cartels Special Attention to the Foundation of Cartel Supervisory Public Authorities

Summary/Abstract: Society was fundamentally affected by the contemporary economic and political systems between the two world wars, and the law responded by regulating already existing, but not yet codified legal institutions. The result of the freedom of contract and association, the establishment of free trade was that members of economic life used every legal method available to take advantage of the current economic situation, and create corporations with the main purpose of limiting competition in order to optimise production and to increase prices and with it, profits. In this era, most European countries, including Hungary introduced cartel regulations. Hungarian regulations were mostly affected by Austrian and German cartel law edicts, and the main purpose of my essay is to provide a terse description of these.

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