A Guide to United Kingdom and European Union Competition by Nick Gardner

By Nick Gardner

This e-book offers with festival coverage from the point of view of a company govt. It permits a hectic reader to head directly to the company perform with which he's involved and from there to a precis of the professionals' therapy of that perform. even as, it offers the reader who needs so as to add an appreciation of anti-trust compliance to his specialist portfolio with a complete review of the topic, including a advisor to important assets of additional information.

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The nature of that advice, and the position under British law of those who rely upon it, must for the time being remain a matter of some uncertainty. Regulatory Institutions & Procedures 55 C THE OFFICE OF FAIR TRADING The Duties of the Director-General The Director-General of Fair Trading occupies a focal position in competition policy in Britain.

Objectives The objective of the EU's competition policy, as stated in Article 3 of the Treaty of Rome is that of 'ensuring that competition in the Common Market is not distorted'. That objective, together with the other provisions of the Treaty of Rome, was embodied in British law by virtue of the European Communities Act 1972. The statutory objectives of Britain's national competition policy are contained in the definitions of the public interest in the Fair Trading Act 1973, the Restrictive Trade Practices Act 1976 and the Resale 25 26 The Framework of Competition Policy TABLE 1 Public interest criteria denotes objective under s84 of the Fair Trading Act 1973 RTP denotes defence under sto of the Restrictive Trade Practices Act 1976 RP denotes defence under s14 of the Resale Prices Act 1976 Ff Competition Promoting effective competition between suppliers.

It is normal practice to submit such an application at the same time as a notification, and on the same form (Form NB). Unlike notification, application does not confer interim immunity from penalties. On receipt of a notification or application, the Commission may seek further information from applicants or from third parties, and may suggest amendments to the arrangements that may make them acceptable. If, after examination, the Commission intends to grant the application, it must publish a summary and invite comments from third parties.

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