1tv.ge: Irakli Lekvinadze - The confidentiality of the information provided to the Competition Agency is ensured at the legislative level and to a high standard
"In compliance with the requirements of national law and to ensure the rules of procedural fairness, the Competition the Agency attaches great importance to the protection of confidential information. Competition Agency of Georgia, due to the specifics of its authority, daily processing commercially sensitive information. The competition-legal proceeding is a process where a detailed analysis of the market structure is done, the shares of economic agents are determined, their costs are identified, and so on. Also to be considered are the formats of information exchange between undertakings, which are legally under risk. Questions are often conflated with this issue, during the submission or meeting with the parties, stakeholders. It should be noted that the confidentiality of the information provided to the Competition Agency is ensured at the legislative level and with high standards. Protection of Confidentiality in Competition-Legal Proceeding is an essential factor for all parties and the purpose of the prepared guide document is any stakeholder to be provided with detailed information on the confidentiality of competition in the legal proceeding process"- Chairman of the Competition Agency, Irakli Lekvinadze.
