Horizontal Block Exemption Regulation

The Horizontal Block Exemption Regulation is a policy by the European Union that allows certain collaborations between businesses, such as joint marketing or production, without breaching competition laws. It creates a framework for companies in similar sectors to work together while ensuring that their actions do not harm competition or consumer choice. Essentially, it provides legal safe harbor for agreements that can benefit consumers and improve market efficiency, as long as they don’t dominate the market unfairly or restrict competition excessively. This regulation aims to foster cooperation while maintaining a competitive marketplace.