No branch of European law has been as subject to expansion and change as competition law. Between the enormous forces of globalization, technology, and EU enlargement, the Commission and national competition authorities have been compelled to keep rethinking their practices and procedures and issuing new regulations. Now, in the wake of its highly acclaimed predecessors, the new Third Edition of European Competition Law offers the practitioner everything required to act in accordance with the latest developments in the field. Along with the thorough guide to continuing practice that its readers have come to expect, European Competition Law in its Third Edition fully covers such areas as the following: the Commissions new assessment of distribution practices and vertical restraints, in particular the block exemptions granted by Regulations 2790/1999 and 1400/2002; procedure before national competition authorities and national courts for enforcement of European rules under Regulation 1/2003; the new Merger Control Regulation in force as of 1 May 2004; the new Transfer of Technology Regulation; and the increased fines for hard-core cartel practices or abuse of dominant market position. The Third Edition is remarkable in that it actually previews the substantive and procedural rules that will be coming into effect during 2004 and subsequent years. And, like prior editions, the work has no peer in its coverage of past administrative practice and the case law of the Court of Justice. All in all, European Competition Law, Third Edition, will be of immeasurable value to practitioners who need to keep informed about how EC competition laws are applied, so they can continue to render practical, meaningful advice to firms whose agreements, transactions and conduct in the marketplace are governed by competition rules.
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EC competition law is in a steady process of evolution at the beginning of the 21st century. Many important changes in legislation and enforcement emphasis have occurred since the First Edition appeared in 1991. These changes include: the amendment of the merger control regulation; the harmonization and simplification of the procedural rules; the liberalization of hitherto monopolized markets; the co-ordinated application of the competition rules by the Commission; national authorities and national courts and a reappraisal of how to deal with vertical restraints in the Commission's Green Paper; the Council's first response; and finally the Commission's White Paper on Modernization of the Rules Implementing Article 81 and 82 of the EC Treaty (as renumbered by the Amsterdam Treaty). Even more fundamental changes in the structure of the Community and the dynamic forces of competition have caused a broader rethinking about competition rules which is ongoing as this Second Edition goes to press.
The enlargement of the Community, monetary union, the new tasks attributed by the Maastricht and the Amsterdam Treaties, the continuing integration of national markets, the globalization of the economy and increasing international co-operation among antitrust authorities are challenges and opportunities which call for a modernization of competition rules and enforcement procedures. The practitioner needs to be informed about how the EC competition rules are currently being applied in 2000 in order to render meaningful, practical advice to firms whose agreements, transactions and conduct in the market place are governed by the competition rules. The Second Edition attempts to meet this need."About this title" may belong to another edition of this title.