Its provisions are framed in broad terms so are subject to the interpretation of the European Court of Justice and they can also be used against firms regardless of existence of registered office in the EU. These rules are pragmatic, so are subject to exceptions to preserve market efficiency and penalties apply where trade in the EU is affected, so can apply to small firms and inter-state disputes. Following from this, it is worth mentioning that it is possible for EU Competition law and national law to co-exist.9'10 In other words, under the regime introduced by Regulation 1/200311 the Commis...

• Word Count: 1960
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate