Sunday, August 2, 2009

EC's communication on Competition Law applicable to motor vehicle sector

European Commission had published a communication on new competition law applicable to motor vehicle sector as the Commission Regulation (EC) No 1400/2002 ("the Regulation”), which was adopted in July 2002 (applicable on 1 October 2003) will expire on 31 May 2010.
The specific block exemptions regulations since the mid-eighties, to the motor vehicle sector, which includes passenger cars and commercial vehicles regulated by Commission Regulation (EC) No 1400/2002 relieving the contracting parties from the need to analyse whether those agreements can benefit from the exception provided for in Article 81(3) is to be replaced. So the EC had invited stakeholders to submit comments on it before 25th of September 2009.