What is the EC Treaty?

The European Union is based on the rule of law. A treaty is a binding agreement between EU member countries. It sets out EU objectives, rules for EU institutions, how decisions are made and the relationship between the EU and its member countries.

What are supplementary obligations?

Supplemental Obligation means the obligations of the Bank, as described in a Pricing Supplement and represented by a Global Security, constituting a single “series” (or any part thereof), as such term is used in the Indenture.

What is the maximum financial punishment that a company can suffer as a result of a competition law review?

The maximum level of fine is capped at 10% of the overall annual turnover of the company.

Which Treaty created the EC?

The Treaty of Rome
The Treaty of Rome was the founding treaty of the European Economic Community, which later became the EU. The Treaty established four institutions – a Commission, a Council of Ministers, a European Parliament and a European Court of Justice.

Is the EC the same as the EU?

What Is the European Community (EC)? The European Community (EC) was an economic association formed by six European member countries in 1957, consisting of three communities that eventually were replaced by the European Union (EU) in 1993.

What is predatory pricing?

A predatory pricing strategy, a term commonly used in marketing, refers to a pricing strategy in which goods or services are offered at a very low price point, with the intention of driving out competition and creating barriers to entry. These may include.

What kind of penalties apply if you break the CMA?

Businesses that are found to have breached competition law can be fined up to 10 per cent of their annual worldwide turnover and ordered to change their behaviour. Individuals who engage in cartel activity can be prosecuted and sentenced to up to five years in prison and/or a fine.

What does Article 102 of the TFEU mean?

Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits abusive conduct by companies that have a dominant position on a particular market.

What is Article 102 of the Treaty on the functioning of the European Union?

Article 102 of the Treaty on the Functioning of the European Union. Article 102 of the Treaty on the Functioning of the European Union (formerly Article 82 of the Treaty establishing the European Community) is aimed at preventing undertakings who hold a dominant position in a market from abusing that position.

Which is the second key provision in TFEU competition law?

It is the second key provision, after Article 101, in TFEU competition law. The text of Article 102 provides the following,

Who is the author of Article 101 TFEU?

This article is written by Kartikeya Kaul, a first-year student pursuing BA.LLB. from Symbiosis Law School, Noida. This is an exhaustive article dealing with Articles 101 and 102 TFEU: private enforcement in the courts of Member States.