European Competition Law
/ˌjʊərəˈpiːən kəmˈpɛtɪʃən lɔː/
Definitions
- (n.) The body of laws and regulations enforced by the European Union to promote fair competition and prevent anti-competitive practices within its internal market.
European Competition Law prohibits cartels and abuse of dominant market positions to protect consumer welfare.
Forms
- european competition law
Related terms
See also
Commentary
European Competition Law primarily addresses practices that distort competition in the EU, such as cartels and abuse of dominance, and is enforced by the European Commission.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.