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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Competition law
Competition law is designed to promote a consumer-friendly economy,
but for the law to work in practice, competition agencies - and the
courts who oversee them - must enforce it effectively and
impartially. Today, however, the rule of populist governments is
challenging the foundations of competition law in unprecedented
ways. In this comprehensive work, Maciej Bernatt analyses these
challenges and describes how populist governments have influenced
national and regional (EU) competition law systems. Using empirical
findings from Poland and Hungary, Bernatt proposes a new
theoretical framework that will allow the illiberal influence of
populism on competition law systems to be better measured and
understood. Populism and Antitrust will be of interest not only to
antitrust and constitutional law scholars, but also to those
concerned about the future of liberal democracy and free markets.
Does the competitive process constitute an autonomous societal
value, or is it a means for achieving more reliable and measurable
goals such as welfare, growth, integration, and innovation? This
insightful book addresses this question from philosophical, legal
and economic perspectives and demonstrates exactly why the
competitive process is a value independent from other legitimate
antitrust goals. Oles Andriychuk consolidates the normative
theories surrounding freedom, market and competition by assessing
their effective use within the matrix of EU competition policy. He
outlines the broader context of the phenomenon of competition such
as its pivotal role in the electoral system and its implications
for free speech, and then goes on to investigate its relationship
with the proponents of various antitrust-related goals. Further to
this, some relevant solutions to persistent regulatory problems of
antitrust are discussed. Timely and thought provoking, this book
will be of interest to both students and scholars of European
competition law, as well as those who are curious about its
philosophical foundations. Offering deep insights into the nature
of the competitive process, it will also appeal to judges and
politicians weighing up antitrust goals.
Granting rebates to a customer or refusing to supply a competitor
are examples of ordinary commercial practices, which become
'abusive' under Article 102 of the Treaty on the Functioning of the
EU (TFEU) when carried out by 'dominant' firms. This topical book
provides an up-to-date account of the emerging trends in the
enforcement and interpretation of this provision at both the EU and
national level. Employing a range of case studies, this
illuminating book adds a cross-country perspective to the ongoing
debate surrounding the scope of application of Article 102 of the
TFEU; a debate largely caused by its ambiguous wording. Besides
analyzing the case law of the EU Courts and EU Commission that
determine what conduct falls in the 'abuse' box, a number of
chapters examine the active contribution of national courts and
competition authorities in the ongoing process of shaping the
meaning of this legal provision. Astute and discerning, this book
will appeal to academics and researchers in the areas of EU
competition law and policy. Its practical examples will also prove
beneficial to practitioners and national competition authorities.
Contributors include: M. Botta, R. Karova, M. Marquis, G. Monti,
P.L. Parcu, P.A. Perinetto, F. Schuhmacher, H. Schweitzer, M.
Siragusa, M.L. Stasi, R. Whish
Increasingly, EU market regulation measures have been introduced in
the pursuit of economic justice and welfare. This book illustrates
how regulation can help to prevent the abuse of dominance, in
particular the abuse of public capital by the state. Comprehensive
and interdisciplinary, this book presents the theory of regulation
in a highly accessible manner. It explains that whilst the state's
ability to make major investments, compete with the private sector
and target subsidies may be necessary in supporting infrastructure,
the wasteful allocation of public monies can also do immense harm
by crowding out private investments, distorting private incentives,
and helping to foreclose markets. Against this background,
Christian Koenig and Bernhard Von Wendland discuss the strengths
and weaknesses of EU regulation in the area of competition in the
Internal Market, considering both private and public economic
activities and market interventions and providing further analysis
in light of global competitive pressures. Contemporary and
practical, this book will appeal to academics, students and
practitioners interested in regulation both in and outside of the
EU. Decision-makers, lawmakers and politicians will also benefit
from its strong focus on better law making and regulation in order
to promote social welfare.
Dr Jedlickova offers a fresh and much-needed insight on the law of
resale price maintenance. She presents a sophisticated analysis of
the relevant legislation and case law within a wider socio-economic
contextual approach in which the very 'justice' of the various
possible approaches is discussed. Competition lawyers, competition
economists, and policy-makers will find arguments here that
challenge assumptions, and analysis which is robust and pertinent.
This is a valuable contribution to our understanding of resale
price maintenance in particular, and vertical restraints in
general.' - Mark Furse, University of Glasgow, UKTheoretical
discussions among competition lawyers and economists on the
approach to Resale resale Price price Maintenance maintenance (RPM)
and Vertical vertical Territorial territorial Restrictions
restrictions (VTR) have often caused controversy. However,
commentators agree that there is a lack of comprehensive study
surrounding the topic. This book explores these two forms of
anticompetitive conduct from legal, historical, economical, and
theoretical points of view, focusing on the EU and US experiences.
The author expertly goes beyond the current legal practice to
explain, among other things, what approach should apply to RPM and
VTR, and why RPM and VTR are introduced in situations where
procompetitive theories would not make economic sense, or do not
apply in practice. The book takes account of economic values, such
as efficiency and welfare, as well as other values, such as
freedom, fairness and free competition. Scholars and students of
law will find the book's depth of legal, economic and historical
analysis to be a rich contribution to the scholarship. This book
will also be of use to EU and US practitioners, and enforcers
dealing with RPM and VTR cases.
With the adoption of Regulation 1/2003 at the end of 2002,
Regulation 773/2004, and Regulation 794/2004 in April 2004, the
procedures organizing the enforcement of EU competition law, at
both the national and European level, have undergone a major
transformation. In particular, these reforms have made Articles 101
and 102 TFEU directly applicable in full, changed the manner in
which undertakings might get legal security regarding their
agreements, and provided for a much greater role in community
competition law enforcement for national competition authorities.
This second edition of Procedure gives a complete working guide to
these new procedures as well as a detailed examination of court
case law in this complex and important area of law. Complete
working guide to the new procedures. Detailed examination of court
case law. Practical revised volume in a very complex and important
area of law.
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