LAW 725 Lecture 4: Law 724 Lecture 4
30 Nov 2015
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Document Summary
Understand how eu institutions function and interact with each. 2 questions raised to determine tariffs: how are they are structured, who are the members, what the product is, origin. Eu regulation 1025/2012 created by the commission. Two main purposes of competition law market: forbidding abuse from those in a dominant position in the, disallowing any agreements that discourage competition. Anti competitive agreements keep prices high, competitive low: any agreements that discourage competition is forbidden. Facts: simultaneously uniform price increases, commission concluded there had been a concerted practice. Vertical agreements: agreements with same levels of the product chain (producers with producers) Argued that the word agreement in art 101 only applied to contracts between competitors at the same level horizontal agreements. Court held that what is important is whether the agreement is capable of constituting a threat, either direct of indirect actual or potential to freedom of trade between member states.
