The UK Competition Authority consults the Government to replace the retained vertical agreements block exemption regulation with new vertical agreements block exemption order

The Competition and Markets Authority (“CMA”) is consulting on its proposed recommendation to the Secretary of State for Business, Energy and Industrial Strategy to replace the retained Vertical Agreements Block Exemption Regulation (“retained VABER”) with a new UK Vertical Agreements Block Exemption Order (“VABEO”). The retained VABER is the European Commission Regulation No 330/2010, which was incorporated into UK law when the UK left the EU. The retained VABER currently provides a safe harbour for a wide range of vertical agreements, subject to certain thresholds being met. It expires on 31 May 2022 and is under review for replacement by the European Commission. Following Brexit, businesses will not benefit from any replacement to the VABER at EU level in relation to their UK

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Authors

  • Covington & Burling (London)
  • Covington & Burling (London)

Quotation

James Marshall, Sophie Albrighton, The UK Competition Authority consults the Government to replace the retained vertical agreements block exemption regulation with new vertical agreements block exemption order, 17 June 2021, e-Competitions June 2021, Art. N° 101290

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