Law 5110 Study Guide - Quiz Guide: Eurocontrol, Grundig, Bayer
Document Summary
Prohibits collusions which affect trade between ms and restrict competition. Economic operators are not allowed to do sth. 101 (1) (a) (e) tfeu contains a non-exhaustive list of types of agreements to which the article applies = prohibition. 101(2) tfeu lays down the consequence for breach of art. 101 tfeu: automatically void (cases 56 and 58/64 consten and grundig) 101 tfeu may be held inapplicable to agreements if certain conditions are satisfied. What is an anti-competitive agreement? (= 5 elements) If one element is missing = no restriction of competition. Agreement where restrictions on competition are outweighed by positive economic effects may be exempt (art. An undertaking encompasses every entity engaged in an economic activity, regardless of the legal status of the entity or the way it is financed (case c-41/90 h fner and elser) Of natural persons: individuals running own businesses such as sole traders or partnerships. Of legal persons: companies, state-owned companies, sport associations, e. g. fifa.
