Modernised Regime of Regulation 1/2003 and Its Impact on Appraisal of Pooling Agreement and IGA under Article 101 TFEU Sample Clauses

Modernised Regime of Regulation 1/2003 and Its Impact on Appraisal of Pooling Agreement and IGA under Article 101 TFEU. 5.2.1 Self-Assessment instead of Notification and Authorization It has been stated in 4.1 that the EU regulatory regime of competition experiences two stages: the early years under Regulation 17/62 and the new era with the adoption of Regulation 1/2003. The previous two EU competition reviews to the Pooling Agreement and the IGA were both under the auspices of Regulation 17/62. With the theme of centralized notification and authorization, the old system of 17/62 was well suited for the EU in its youth of limited Member States. “It enabled the Commission to build up a coherent body of precedent cases, and to ensure that the competition rules [in particular Article 101 TFEU] were applied consistently.” 127 However, it had the unintended 126 MV Xxxxx, a tanker with roughly 20,000 tons of fuel oil as cargo, sank off the coast of Brittany in 1999, releasing massive oil and causing the greatest marine pollution to France in 20th Century. 127 EU (2004) consequence of a massive backlog of notifications, most of which would turn out to be non-imputable before the Commission but would deplete limited administrative resources. This situation could not be resolved as time went by and meanwhile the enlargement of the union increased the Commission‟s stress in this connection.
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