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Business law in the EU EN 24/25

Business law in the EU EN 24/25

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When may the EU levy countervailing duties?

If an imported product is sold at a lower price than the one on their own market

If an imported product has received State aids

If an imported product is of inferior quality compared to the EU industry

If an imported product is produced at a lower cost than the EU industry

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The shared competence of the EU regards, among others:

competition and common commercial policy

transports and industry policy

internal market and environmental policy

industry, culture and tourism policy

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What is the purpose of merger control?

To pre-empt potential distortions of competition by assessing potential mergers or acquisitions

To prevent undue state intervention

To regulate the formation of cartels and the abuse of dominant positions

To encourage mergers and acquisitions among small and medium-sized enterprises

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The free movement of persons includes:

the banking and fiscal union

the free movement of workers, but not the freedom of establishing subsidiaries

the freedom of establishing subsidiaries in the whole territory of the European Union

the freedom of establishing subsidiaries in the Schengen area

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What is the objective of the State aid rules?

To prevent undue state intervention that distorts competition and may affect trade between Member States

To promote preferential treatment of certain undertakings or sectors

To promote social and territorial cohesion between between Member States and third countries

To encourage state intervention in the economy

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What must traders do if a consumer repeals its purchase?

Refund the consumer within 14 days

Charge the consumer a hefty cancellation fee

Refuse to refund the consumer prior to a 14 day period starting at delivery

Delay the refund until the goods are resold

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What is the preeminent objective of the EU competition rules?

To enable the proper functioning of the EU internal market

To promote anti-competitive agreements in the EU internal market

To restrict competition in the EU internal market

To encourage abuse of market position in the EU internal market

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What is one of the main potential risks of using trade secrets?

Enforcement generally difficult

Unlimited term of protection

Associated protection

Disclosure of invention required

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Which of these EU Institutions usually decides by qualified majority?

The Council of the European Union

The European Council

The Council of Europe

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The EU regulations:

are soft law instruments

are directly applicable and binding in their entirety

are binding with respect to the intended result

are addressed to specific individuals

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