BUSINESS AND COMPETITION|competition|competition law
- blocdhíolúine Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- block exemption
- en
- Definition act, performed by the Commission, of freeing certain generic classes of agreement from prohibitions, provided they meet certain criteria (e.g. are below a certain size and the activities concerned would benefit consumers) Reference "EP-EN, based on:'Block Exemption' (18.2.2020), Technology and IP Law Glossary"
- Comment Under European Law (specifically Article 101 of the Treaties of Rome and Amsterdam, now the Treaty on the Functioning of the European Union (TFEU)) there is a sweeping prohibition of all agreements that might lessen commercial competition. However, Article 101(3) provides that the European Commission can “exempt” from the prohibition, activities, which, in various ways are economically beneficial and especially those that benefit consumers.