Glossary of competition terms

This Glossary is based on definitions from DG COMP’s Glossary of terms used in EU competition policy (© European Union, 2002) and the OECD’s Glossary of industrial organisation economics and competition law (© OECD, 1993). Each term is enriched with references of EU and national case laws from the e-Competitions Bulletin and Concurrences Review.

Commitments (or remedies)

Proposal by the parties to a concentration to modify their originally notified project within a specified period (for example by divesting a business or assets). Such commitments must address the competition concerns raised by the Commission and restore competition in the relevant product and geographic markets. They can form the basis for the Commission’s clearance of the notified concentration. The Commission may attach conditions and/or obligations (see below) to its clearance decision, so as to ensure compliance with the commitments offered. A similar approach is applied by the Commission in proceedings dealing with the abuse of a dominant position. © European Commission

See Merger Regulation, Commission Notice on Remedies (2008/C 267/01)