| 释义 |
Article 101
A provision of the Treaty on the Functioning of the European Union (previously Treaty of Rome) that prohibits anticompetitive agreements the aim or effect of which is to restrict, prevent, or distort competition in the EU (see also competition law). Article 101 (formerly 81 and before that 85) applies directly in all member states (see Community legislation) and is often used against cartels; it only applies when the agreement affects trade between member states. Agreements that infringe the Article are void and unenforceable; third parties have the right to bring actions for damages if they have suffered loss through the operation of such agreements. Infringement of the Article may result in EU fines of up to 10% of annual worldwide turnover. Since Brexit, Article 101 applies to UK undertakings only where a practice in the UK has an effect in the EU. The UK has very similar provisions in the Competition Act 1998, which prohibit anticompetitive agreements under Chapter I of that Act. See also block exemption. |