Denmark: Introduced Bill amending the Competition Act, including new powers regarding competition authority governance and new principles for calculating fines

On 28 February 2024, the Bill amending the Competition Act, including new powers regarding competition authority governance and new principles for calculating fines, was introduced to the Danish parliament. The Bill would give the Danish Competition and Consumer Authority (KFST) the power to conduct market investigations into behaviours or structures within economic sectors. If harmful conditions to competition are found, the KFST would have the power to mandate companies to change their behaviour. In addition, the KFST would be able to require the notification of certain potentially competitive mergers, even if they fall below current thresholds. Furthermore, new principles for calculating fines would be established.