英文摘要 |
"The EU and the UK finally completed the negotiation of the bilateral agreement for the future relationship after Brexit and signed the EU–UK Trade and Cooperation Agreement on December 24, 2020. This comprehensive Agreement was temporarily enacted since January 1, 2021. The EU - UK Trade and Cooperation Agreement temporarily became the new legal framework for the future relationship between EU and UK. The EU competition law aims to promote maintaining competition and guarantees free competition within the Single Market. The EU competition law ensures undertakings by cartel or abusive market domination from causing damages to the public interest. The EU has an exclusive power over the competition policy for the Single Market. The EU competition law applies not only to all member states, but also to members of the European Economic Area. The Court of Justice of the EU has confirmed the extraterritorial effects of the EU law. The EU competition law is no longer applicable in the UK after Brexit. The UK has its own competition law. Therefore, the EU competition and UK’s competition law are two legal systems for undertakings from third countries after Brexit. The One-Stop-Shop principle is no longer applicable after Brexit. Undertakings from third countries face two investigations against anti–competitive behaviors by the European Commission and the UK’s Competition and Market Authority. The impact of Brexit is legally uncertain for undertakings. The costs of legal consultation are to be considered for undertakings. It might hinder multinational undertakings from investing in the UK. On the other hand, the UK’s Competition and Market Authority confronts a huge challenge of the manpower deployment. The UK also withdraws the European Competition Network after Brexit. It has blocked the exchange of information on competition issues between the European Commission and the UK’s Competition and Market Authority. Indeed, this is a bad phenomenon for both parties. It is necessary to learn the application and the relationship between the European and British competition law after Brexit." |