Substantive EU Competition LawThis module aims to give students a thorough understanding of the main principles of competition law. The module uses European Union competition law as a framework within which to understand the law, economics and policy of competition law. It also contains a significant comparative element, looking at other competition regimes both within Europe and well beyond it.
The module examines the historical development of competition; the underlying economic justifications, the justification for prohibition under Article 81(1); justifications for exemption both horizontally and vertically. It examples the application of the abuse of dominance provision under Article 82 and considers the extent to which the classical case law is now under attack from liberal critics. In addition, the course considers the role of competition in market liberalisation, particularly in respect of the utilities and state aid. The module also covers procedural competition law and the search for effective remedies in the EU litigation system.