The concept of restriction of competition: time for a rethink?
Christopher Vajda QC
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Following the end of the transition period after the UK’s exit from the European Union, the UK courts and the Competition Tribunal may, in certain circumstances, depart from the pre-exit case law of the EU courts. This article considers, by reference to the Court of Justice’s judgments in Generics (UK) v. Competition and Markets Authority and Budapest Bank and the Tribunal’s Supplementary Judgment in Generics (UK) v. Competition and Markets Authority, whether it would be appropriate for the UK courts and the Tribunal to depart from the case law on when an agreement has the object of restricting competition by object, so as to develop a more holistic approach to the concepts of a restriction of competition ‘by object’ and ‘by effect’, by considering together the object and effect of an agreement.

Contributor Notes

Barrister, Monckton Chambers, London, UK and member of the Luxembourg Bar. Judge at the Court of Justice of the European Union between 2012 and 2020. This article is based on a talk given on 28 October 2021 by the author to the Competition Appeal Tribunal.

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