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In enforcing EU competition law, the Commission employs a unique doctrine of parental antitrust liability: it imposes fines on the parent company of an infringing subsidiary in cases where the parent exercises decisive influence over the subsidiary's commercial policy. Critics of this contentious aspect of EU competition law believe that the doctrine is unfair, ineffective, obscure, disproportionate, contrary to due process, and based upon a dubious, if not extremely flimsy, justificatory foundation. Such criticism raises serious and unanswered questions about the legitimacy of the Commission's efforts to enforce competition law.Parental Liability in EU Competition Law: A Legitimacy-Focused Approach is the first monograph to be dedicated to this controversial topic. Written by Professor Peter Whelan, the book contends that, although the general concept of parental liability can be justified in principle, the current EU-level doctrine of parental antitrust liability in fact suffers from a distinct and problematic lack of legitimacy. More specifically, the said doctrine displays significant deficiencies with respect to effectiveness, fairness, and legality.Given this undesirable state of affairs, Parental Liability in EU Competition Law offers a fully-rationalised, reformulated approach to parental antitrust liability for EU competition law violations that is built around the notion of parental fault. That approach provides a solid normative account of how to impose parental antitrust liability in a manner that is theoretically robust, effective in practice, fair in substance, and legally sound.
This book investigates the legitimacy of the European Commission's doctrine of parental antitrust liability, questioning whether the current framework for holding parent companies accountable for subsidiary infringements is legally and normatively sound. Professor Peter Whelan, an expert in competition law, utilizes a rigorous analytical framework to evaluate the doctrine's deficiencies regarding fairness, effectiveness, and due process. He argues that while the concept of parental liability is theoretically defensible, the current application lacks a robust justificatory foundation. Consequently, the author proposes a reformulated model centered on the concept of parental fault to align enforcement with principles of legality and substantive justice.
What You Will Find
Legal scholars and practitioners recognize this monograph as a foundational text for understanding the complexities of corporate accountability within the European Union. Readers frequently note the academic density of the prose, which provides a sophisticated and necessary intervention in the ongoing debate over antitrust enforcement standards.
Page Count:
624
Publication Date:
2023-01-01
Publisher:
Oxford University Press
ISBN-10:
0198844832
ISBN-13:
9780198844839
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