EU Antitrust Law

EU Antitrust Law aims to promote fair competition and prevent monopolies in the European Union. It prohibits practices that restrict competition, such as price-fixing, abusing a dominant market position, and mergers that significantly reduce competition. The European Commission oversees enforcement, investigating potential violations and imposing fines or requiring changes to business practices. These laws ensure that consumers benefit from competition, leading to better prices, quality products, and innovation, ultimately fostering a healthy economic environment.