The de minimis code
The European Commission, in conjunction with the Office of Fair Trading, has issued a reassessment of its competition legislation, with draft guidelines due later this year. Bill Batchelor examines three issues central to the review and looks at the potential consequences of the revised laws on abuse of market power
With admirable frankness, the European Commission (EC) admitted in October 2003 that “we have never had a comprehensive reassessment of practice under article 82 in the light of economic thinking”. In July 2005, two external economist reports, commissioned by the Office of Fair Trading and the EC, recommended substantial changes to the law on abuse of market power.
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