What antitrust laws are specific to the EU?

The European Union (EU) has a number of antitrust laws that are specific to its member states. These laws seek to protect competition between businesses within the EU. The first of the EU’s antitrust laws is the Treaty on the Functioning of the European Union (TFEU). This Treaty prohibits restrictive business practices such as cartels, mergers, and monopolies. It also sets out limits on the amount of market power that companies can have, preventing them from abusing their dominant market positions. The second antitrust law is the European Commission’s (EC) Block Exemption Regulation. This Regulation provides immunity from the TFEU’s anti-trust rules for certain types of agreements, such as technology-sharing agreements, and joint purchasing and marketing agreements. The third antitrust law is the EC’s Regulation on Abuse of Dominant Position. This Regulation prohibits companies from exploiting their market power to restrict trade and prevent other companies from competing effectively. It also prohibits companies from using unfair methods to gain competitive advantage, such as predatory pricing and misusing intellectual property rights. Finally, the EC’s Regulation on Concentrations, commonly known as the Merger Regulation, requires companies to notify the EC about mergers and acquisitions which could lead to a significant reduction in competition within the EU. The EU’s antitrust laws aim to ensure that businesses within the EU operate in a fair and competitive environment. They allow businesses to benefit from the advantages of cooperation and collaboration, while ensuring that businesses do not gain an unfair competitive advantage. This helps to ensure that businesses within the EU operate in a fair and competitive market.

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What antitrust laws are specific to the EU?

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