Eu competition law prohibits mergers and acquisitions which would significantly reduce competition in the single market for example if they would create dominant companies that are likely to raise prices for consumers state aid a company which receives government support gains an advantage over its competitors therefore the treaty generally prohibits state aid unless it is justified by reasons of general economic development. An introduction to eu competition law moritz lorenz section on the economic foundations of eu competition law contributed by julia dietrich cambridge university press contents table of cases v page viii table of statutes xxx preface xxxix 1 economic and legal foundations of eu competition law l a the idea of competition 1 1 the benefits of competition l 2 the economic principles of . Introduction to eu competition law 1 the nucleus of eu competition law rules aimed primarily at undertakings art 101 tfeu makes illegal any agreement or concerted practice between undertakingsthat significantly restricts competition within eea at least two or more undertakings promotes independent decision making directly effective. Over the past 50 years eu competition law has developed into a substantial body of law comprising directly applicable rules that are of immediate concern to business lawyers and management this course offers an introductory overview of the basic rules principles and procedures eu competition law relies upon to structure businesses market behaviour to that extent it first outlines the goals of eu competition law and the legal concepts relied upon to attain those goals by
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