On 1 June 2022, the revised EU Vertical Block Exemption Regulation, Regulation 2022/720, ('VBER') and Vertical Guidelines entered into force. On the same day, the UK Vertical Agreement Block Exemption Order ('VABEO') entered into force. Both the VBER and VABEO provide for a one year transitional period (ending 1 June 2023) for existing vertical agreements which met the conditions for exemption under the previous rules. The block exemptions provide widely-applicable safe harbours for vertical agreements from the EU and UK prohibitions on anticompetitive agreements, provided the parties have market shares of less than 30% on their respective markets and the agreement does not contain any 'hardcore' restrictions of competition. If an agreement does not benefit from a block exemption
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The EU Commission and the UK Competition Authority issue new rules on vertical arrangements
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