PRINT THIS PAGE EU competition law: The May day big bang21/07/2004. Source: Freshfield Bruckhaus Deringer.
On May 1 2004, major changes to EU competition law and policy simultaneously entered into force. These reforms represent the most radical change to EU competition law since its inception, and have significant implications for private equity firms operating in the region, according to Freshfield Bruckhaus Deringer. These changes include the long-awaited modernisation of competition law enforcement, substantive and procedural reform of the European Community Merger Regulation, EU enlargement, with ten new member states joining the existing 15 members of the EU, and new competition rules on technology transfer agreements.
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