What are the objectives of EU competition policy?
They identify four major objectives of EU competition law, including economic freedom and plurality, as well as consumer welfare, economic efficiency, and consumer choice and fairness.
What is a dual distribution agreement?
Dual distribution refers to a manufacturer that sells directly to end-use customers and sells to independent distributors who in turn sell the manufacturer’s product to end-use customers.
How is EU competition law enforced?
The Commission is the principal enforcer of the EU’s competition rules. It has the power and responsibility to investigate suspected anticompetitive conduct, to issue prohibition decisions, to impose fines, and to conclude binding agreements with companies.
What does Article 101 TFEU protect?
Article 101(1) TFEU prohibits any agreements between undertakings, decisions made by associations of undertakings, or concerted practices affecting trade between EU countries which could prevent, restrict or distort competition.
What are the core areas of EU competition law?
European competition law today derives mostly from articles 101 to 109 of the Treaty on the Functioning of the European Union (TFEU), as well as a series of Regulations and Directives. Four main policy areas include: Cartels, or control of collusion and other anti-competitive practices, under article 101 TFEU.
What are reverse channels?
reverse channels. marketing channel of distribution where products are moved from the consumer back to the producer. The two most frequent examples of this are recycling and product recalls.
What is master distribution agreement?
A master distributor agreement is a legal agreement that allows a manufacturer to enter into a contract with another party, known as a distributor, who will sell and market the manufacturer’s goods on their behalf.
What does Tfeu mean in EU law?
The Treaty on the Functioning of the European Union (TFEU), as a result of the Lisbon Treaty, was developed from the Treaty establishing the European Community (TEC or EC Treaty), as put in place by the Treaty of Maastricht.
What is Competition Act 2002 and its importance?
The Competition Act, 2002 is a law that governs commercial competition in India. It replaced the erstwhile Monopolies and Restrictive Trade Practices Act, 1969. The Competition Act aims to prevent activities that have an adverse effect on competition in India.
What does EU competition law prohibit?
More specifically, it does so by prohibiting anti-competitive agreements between undertakings and abuse of market position by dominant undertakings, which could adversely affect trade between Member States.
Who enforces EU competition laws?
Who enforces EU competition law?
What’s the main source of EU competition law on agreements?
Does the exchange of public information violate EU competition law?
Frequent information exchange, which enables a better understanding of the market as well as a monitoring of discrepancies, increases the risks of a restraint of competition. It is unlikely that the exchange of public information violates EU competition law.
What are the guidelines of the EU Commission for information exchange?
The guidelines of the EU Commission apply not only to companies domiciled in the EU, but to all companies as long as their business affects competition in the EU market. Information exchange may have anti-competitive effects and may be qualified as a cartel and therefore might be sanctioned.
Is the exchange of business information between competitors procompetitive?
In the guidelines, the EU Commission affirms that the exchange of business information between competitors may have a procompetitive effect and may lead to substantial gains in efficiency.
Are information exchanges destructive to competition?
However, information exchanges can also be destructive to competition by leading to coordination and collusive behavior.