From our headquarters in Valencia, at Legal Notes we embrace and ensure undertakings’ regulatory compliance with the rules on #CompetitionLaw. We carry out our mission with the aim of protecting the general interest of the market and the particular interests of our clients at a time. In parallel and against the backdrop of the #Covid19, we also assist market operators in lodging complaints, both with the #EuropeanCommission and with the Spanish Competition Authority (#CNMC), whenever there is suspicion of violation of #Antitrust rules.
ANTITRUST LIMITS TO ASSOCIATIONS OF UNDERTAKINGS
IN TIMES OF UNCERTAINTY
In the face of the Coronavirus outbreak, companies might be prone to hold informal multilateral talks with their competitors in an attempt at shedding some light on the market in these times of uncertainty.
It is well known that associations of undertakings play an important role in shaping the industries they belong to. Aside from standing up for their members’ best interests, associations of undertakings definitely make their bit to boost effectiveness in the market from which consumers eventually capitalize on. Such a boost usually comes in the form of higher product standards and better implementation of codes of ethics.
Notwithstanding the latter, associations of undertakings may also emerge as vehicles of sensitive information that could potentially help their members cushion the crushing impact that rough economic times leave behind. On account of this, Antitrust advice becomes essential so that associations could be aware of their way around the legal framework drawn by national and supranational Competition Law without breaking any rule.
Miguel Verdeguer Segarra
Ph.D. Lawyer & Economist