EU Competition Law

Summary

"Competition law" is the EU counterpart to US antitrust law. Competition law consists of a web of international rules intended to promote competition for the benefit of consumers. These laws prohibit two types of conduct that are of primary importance to business:

  • Anti-competitive agreements: Any agreement or concerted practice between organizations that significantly restricts competition within the European Economic Area— such as (a) price-fixing, (b) allocating customers or markets with competitors, or (c) certain distribution and licensing agreements — is illegal.
  • Abuse of dominant position: A dominant company’s abuse of its dominant position in the market — such as by (a) imposing unfair purchase or selling prices or other unfair trading conditions, (b) discriminating between customers or (c) limiting production to the detriment of customers — is illegal.

Penalties and consequences for both intentional and inadvertent violations are significant.

© WeComply/Thomson Reuters

Key Resources

For your convenience, ACC has compiled the following key resources to assist you in your compliance efforts.

For more try searching ACC's online library for "EU Competition"

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