Wednesday, September 18, 2019
ABSTRACT: Rules and regulation play an increasingly important role in our modern societies. They facilitate trade and exchanges between countries in a globalised world. They also tend to govern every aspect of life within these countries. Not only do rules and regulation replace traditional conflict avoidance and settlement mechanisms, but they must also keep pace with new technological and societal developments. Although the widening scope and increasing complexity of the rules are a phenomenon that affects every legal discipline, its impact is particularly felt in the field of competition law, i.e. the set of rules that govern the playing field on which firms seek to sell their products and services.