It has been almost one year since the world of European antitrust enforcement was radically reformed. The new EU antitrust regime is characterized by more proactive enforcement, increased co-operation, and better priority setting. The changes resulted from the efforts of former European Competition Commissioner, Mario Monti, whose commitment to antitrust reform ensured that all the necessary regulatory instruments were in place by May 1, 2004. While no firm conclusions can be drawn because the reference period is relatively short (and, some powers have yet to be exercised, or have not had any reported outcome), what follows is a short overview of the enforcement of the new EU competition rules during the past eleven months.
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