Competition law and regulation

  • Is competition a law regulation?

    Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.
    Competition law is implemented through public and private enforcement..

  • What is the meaning of competition regulation?

    Competition Regulation means the regulations that set organizational and technical procedures pertaining to PLC Competitions as approved by the Association (hereinafter referred to as u203.

    1. Regulation›)

A number of regulations implementing the Treaty articles relevant to EU competition law have been adopted, either by the Council or the Commission. Some of 
Economic regulation and competition policy are interdependent instruments of economic policy which, while distinct, can have overlapping scopes.
The Block Exemption Regulation is an exemption in a business line or industry, which debars organizations in the industry from some business activities in order to create competition.
The regulation is highly known in the automobile industry due to the effect caused by the Block Exemption Regulation (BER) from the European Commission.
BER has changed the automobile industry in the last decade.
Prior to 2003 automobile owners in the EU region risk nullifying their vehicle warranty when the vehicles were serviced or repaired in workshops not belonging to the vehicle manufacturer or its dealers.
This barrier was broken in October 2003, when the European Commission (EC) passed a law allowing vehicle owners the freedom of having their servicing and repairs done at their chosen workshop.

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Competition rules and regulations
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