Now that the UK has formally left the European Union, we have set out below a summary of two key points that businesses across the UK need to be aware of from a competition law perspective.
The UK formally left the European Union on 31 January 2020, and by virtue of the transition period in the Withdrawal Agreement, Articles 101 and 102 (which prohibit, respectively, restrictive agreements and arrangements and abuse of market power) continue to apply in relation to the UK only until 31st December 2020 as at the time of writing. At that point the UK’s Competition and Markets Authority (CMA) and the UK courts will cease to apply EU competition laws in relation to future activities, but they will continue to apply these laws in respect of conduct that took place before the exit date...
Read more
|