European Union (EU) Competition Law

European Union (EU) Competition Law aims to ensure fair market practices by preventing practices that could distort competition within the EU single market. It prohibits anti-competitive agreements between companies, such as price-fixing or market-sharing, and bans the abuse of dominant market positions that could harm consumers. The law also controls mergers and acquisitions that might reduce competition. The European Commission enforces these rules, promoting open and competitive markets, encouraging innovation, and protecting consumers' interests across member states.