AG BOBEK'S OPINION IN BUDAPEST BANK: ON OBJECT VS. EFFECT, FISH AND LILIES* On September 5, 2019, Advocate General Bobek published his opinion in the Budapest Bank case (C-228/18). The opinion provides very clear and practical guidance on the concept of restriction of competition by object – a subject that has long been a bone of contention among competition practitioners, enforcers and courts. The opinion is also noteworthy as it features an unorthodox, though pedagogic, metaphor on restrictions of competition involving fish and lilies. In sum, it is worth a commentary. Quick refresher on object vs. effect The concept of restriction of competition by object is rooted in Article 101 TFEU, which prohibits agreements “[…] which have as their object or effect the prevention, restriction
The EU Court of Justice AG Bobek publishes his opinion on the concept of restriction of competition by object or by effect (Gazdasági Versenyhivatal / Budapest Bank)
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