International Agreements Regarding Cooperation in the Field of Competition: The New Strategy of the European Commission

The number of countries with a system of competition control has increased steadily in the last years. This represents a challenge for international companies, as they may face scrutiny in various jurisdictions. Potential issues may be dealt with through increased cooperation between competition agencies. To facilitate such cooperation, the European Commission has concluded a number of bilateral agreements. The latest of these, signed with the competition authorities of Brazil, points towards a new strategy.