The New Competition Tool: A tool for the modern economy not just the digital economy
The European Commission is currently consulting on a proposal for a new power (the NCT) that would allow them to impose behavioural and structural remedies in markets where they have identified certain competition issues. The Commission's view is that the NCT is required to ensure competition policy and rules that are fit for the modern economy, with a particular focus on digital markets. However, businesses operating on (traditionally) non-digital markets may be surprised to learn that the reach of whatever NCT is adopted will have at least the potential to disrupt their industry.
For more information on this topic please contact Thomas O'Donnell, Solicitor or any member of A&L Goodbody's EU, Competition & Procurement team.
Date published: 20 July 2020