Experts Question Effectiveness Of E.U. Modernization

Law360, New York (March 17, 2006, 12:00 AM EST) -- A vast overhaul of European competition law could radically change the way antitrust cases are being prosecuted. But incongruous legal traditions and skimpy enforcement resources are putting a damper on the ambitious project, experts warn.

The Modernization Regulation took effect on May 1, 2004. The law extends European Union competition law to the governments of member states, establishing a series of guidelines and organizations to effectively decentralize competition regulation in Europe.

In a sharp departure from the existing competition regime, the reform broke the European Commission’s...
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