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EU Competition Law - Essay Example

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An essay "EU Competition Law" outlines that it does not allow the creation of cartels that make strong firms to control the market in terms of price fixing and removing any form of competition with such competition cartels are able to set high prices for low-quality products…
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EU Competition Law
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Download file to see previous pages These cartels have negative impacts and it has been made illegal under EU rules on competition. The EU Courts to such cartel firms can impose heavy fines. The pursuit of EU competition laws has been huge but there has been doubting as to the exact goals of their laws. Comparison of laws in the decentralized EU competition enforcement with other national laws on competition reveals parallel pursuits in its application. This essay analyses an overview of competition laws by the EU and its members and looks into detail the enforcement system of the EU competition law and any inconsistencies noted in the application of the rules. It also analyzes duties of such authorities when matters of enforcement of Section 101 and 102 of the TFEU are to be affected. According to Ezrachi, 1competition law is very important to the European community and its organs. Its core platform of EU is to facilitate the industry. The industry due to its competitive nature provides advantages for people involved and ensures proper functioning of its market and the European industry. Therefore, the EU nature must protect effective protection of such competition.The EU fosters obligatory requirement for member states to embrace converged forms of substantive procedures for enforcement of such laws. This has always posed a major challenge in the realization of unified competition laws. National laws on competition are radical towards the creation of right policies on competition regulations. These laws have been regarded as relevant for publicity of the Commission in creating effective policies. Power 2 explains that total reliance on the commission for effective enforcement of national procedures and its institutions has created the absence of clarity in the goals of its laws.EU competition law drafters lacked a clear focus on its goals since they failed to think of the best enforcement regime. These laws lack procedures for uniform practices to all members states. ...Download file to see next pagesRead More
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