Sketch of Previous Commission’s Competition Investigations Sample Clauses

Sketch of Previous Commission’s Competition Investigations. It is widely accepted within the EU that competition per se is not the final goal but a portal of economic welfare. However, economic welfare originally, as a concept of macroeconomics, is rooted in hypotheses-testing of empirical market data. This measure, to some extent, deviates from legal certainty. The experience of the EU competition authority shows that nothing except the hybrid of common law and civil law reasoning styles is helpful to reconcile legal certainty and economic analysis. Effective implementation of competition policy depends on only a handful of core rules in a case-by-case approach. Articles 101 and 102 TFEU, the twin pillars of the EU competition law, will be construed in the light of case law to draw a proper conclusion with commentary on the Pooling Agreement and the IGA. Additionally, the implementation of the EU competition law has undergone modernization from Regulation 17/62 to Regulation 1/2003. The previous Commission‟s investigations into the Pooling Agreement and the IGA were recorded as the 1985 and 1999 Commission Decisions. The pre-1999 EU competition measures should be analyzed under the auspices of Regulation 17/62. For ease of retrieval and reading, a chronological table of the pre-1999 EU competition measures to the Pooling Agreement and the IGA is provided here as a brief retrospect. Year Date Events and Related Statutes 1981 18 June According to Article 4 of Regulation 17/62, the IG made the first notification to the Commission concerning the IGA and intended to obtain a negative clearance or, alternatively, an exemption.
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