top of page
Search
  • Haroon from the Alpha Content Team

A Beginner's Guide to EU Competition Law

EU Competition law, also known as antitrust law, is a set of rules and regulations designed to promote fair competition within the European Union. These laws are enforced by the European Commission, which has the authority to investigate and take action against companies and individuals who engage in anti-competitive practices.

Some common examples of anti-competitive practices include price fixing, market allocation, and exclusive dealing. These practices are prohibited because they can limit consumer choice and stifle innovation.

One of the most important EU competition laws is the Treaty on the Functioning of the European Union (TFEU), which prohibits agreements or practices that have the object or effect of restricting competition. Another important law is the Merger Regulation, which regulates the merger and acquisition of companies within the EU.

Enforcement of EU competition law is carried out by the European Commission and the national competition authorities of EU Member States. The Commission has the power to investigate and take action against companies that engage in anti-competitive practices, and can impose fines of up to 10% of a company's global annual revenue.

0 views0 comments

Recent Posts

See All
bottom of page