Competition
All companies, regardless of their type, size, business sector or geographical reach, are directly concerned by competition law, both French and European. In recent years, legislation in this area has become considerably more complex :
- Proliferation of national legislation on mergers & acquisitions and reform of the European Union competition authorities
- Proliferation of proceedings taken against price fixing or abuse of dominant position and a substantial increase in the fines imposed
- Emergence of new regulations and a wealth of jurisprudence in the area of consumer law (advertising, sales promotion, distance selling, etc.).
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EU
European law has now become an integral part of business life. It takes precedence over national law and can be enforced in European Union jurisdictions in exactly the same way as national law. Europe can therefore provide a powerful leverage for businesses, as national laws can be rendered unenforceable if they conflict with the relevant European law.
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