Reform of the EC Competition Law and Analysis of the Modifications Achieved

Abstract

The modernization of the application of the competition law of the European Community (EC) was carried out by the Council Regulation 1/2003 of December 16, 2002. This Regulation has repealed the regulation 17/62 of 16 February 1962 in force for more than 40 years. The Regulation 1/2003 is characterized by the abrogation of the notification and the preliminary authorization and its decentralization attempt for the application of the competition law of the EC. The national authorities and jurisdictions will be qualified from now on in this field by legal exception. Besides various details, the most important aspect of the new regulation is its gradual decentralization of the EC competition law, which should be considered within a broader framework of the reforms on the EC competition law, undertaken in the second half of 1990's.

Keywords

Competition Law of EC, Regulation 17/62, Regulation 1/2003, Commission of the European Union

Citation

Tezcan, Ercüment, “Reform of the EC Competition Law and Analysis of the Modifications Achieved”, International Relations, Volume 1, Issue 2 (Summer 2004), pp. 81-101.

Affiliations

• Ercüment Tezcan, Assoc. Prof. Dr., Galatasaray University, Department of International Relations