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competition policy

This tag is associated with 9 posts

3 Key Questions on Competition Fines

Some companies use monopoly situations or join forces with other companies to fix prices in order to overcharge. The European Union punishes this kind of unfair behaviour and the European Commission has the power to issue what are known as competition fines. Continue reading

Empowering national competition authorities (NCAs) [EU Legislation in Progress]

Since 2003, national competition authorities (NCAs) together with the European Commission have boosted the enforcement of EU competition and antitrust rules significantly. However, each year losses of €181-320 billion accrue because of undiscovered cartels, which increase prices by between 17 % and 30 % on average. Continue reading

The EU’s prominent antitrust cases [What Think Tanks are thinking]

Written by Marcin Grajewski The European Commission is pursuing a number of high-profile investigations in the competition area, highlighting the determination of the new team at the European Union’s executive to be a tough enforcer of antitrust laws. Last month, the Commission sent a Statement of Objections to Google, alleging the company has abused its … Continue reading

EU competition policy: key to a fair Single Market

The aim of EU competition policy is to safeguard the correct functioning of the Single Market. In essence it ensures that enterprises have the possibility to compete on equal terms on the markets of all Member States. Competition policy encompasses a wide range of areas: antitrust and cartels, merger examination, state aid, the liberalisation of … Continue reading

EU and US competition policies: Similar objectives, different approaches

Both the EU and the US have well-developed competition policies that aim to prevent and penalise anticompetitive behaviour. Although the EU and US systems share similar aims, there are a number of significant differences. The EU has an administrative system for antitrust enforcement, in which companies are penalised with fines. In contrast, US antitrust enforcement is based on criminal … Continue reading

Facilitating damage claims by victims of anti-competitive practices

EU competition law is enforced by both public authorities (the European Commission and national authorities) and private parties (competitors, suppliers, customers). Anti-competitive practices cause substantial harm to the EU’s economy, but currently only some Member States provide for victims to sue for damages suffered. Yet, even in these cases, high costs and procedural and legal … Continue reading

Annual report on competition policy

The European Commission (EC) publishes annual reports on EU competition policy, covering the main developments and enforcement actions. The 2011 edition focused on the role of State aid policy in the resolution of financial crisis. Context The Commission is responsible for the enforcement of EU competition law, subject to the control of the Court of … Continue reading

EU competition policy. State aid control measures

State aid is an important mechanism to control the conditions for competition in markets. Member States are required to notify the European Commission (EC) of plans to grant or alter state aid unless it is of a kind exempted by the relevant European Regulation. The Commission has sole competence to decide on the legality of … Continue reading

EU competition policy. Antitrust, cartels and merger control measures

There are three main branches of European Union competition policy: antitrust, cartels and merger control. The European Commission (EC) enforces the competition rules through its powers of investigation and sanction. Competition cases can be taken to the General Court with appeals heard by the Court of Justice. In 2012, the Court confirmed that there was … Continue reading

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