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The EU Court of Justice states that an agreement may be exempted if it affects the market only to an insignificant extent however the same considerations do not apply in the case of a product the entire production of which is in the hands of a large undertaking (Distillers)

JUDGMENT OF THE COURT OF 10 JULY 1980 Distillers Company Limited v Commission of the European Communities "Competition — spirituous beverages" Case 30/78* 1. In the

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