Eyeing up the competition rules
The notification and exemption system for implementing competition rules in Europe will be abolished to be replaced by a more decentralised system. Tony Reeves assesses the potential impact of the new legislation on companies that trade within the European Union
The European Commission (EC) is currently meeting with European Union (EU) member states to discuss how to modernise the system for the implementation of EC competition rules. This follows a public consultation on proposals published by the Commission in a White Paper in April 1999. The proposals involve the ending of the current notification and exemption system; decentralised application of the EC competition rules; and strengthened enforcement of these rules.
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