Brief: CJEU Upholds Approach Taken By AdC In Case Involving EDP And Sonae's Non-Competition Agreement

Sonae SGPS SA

01/11/2023 06:35

Nov 1 (Reuters) - Portugal's Competition Watchdog,
Autoridade da Concorrência (AdC):
    * SAID ON TUESDAY, COURT OF JUSTICE OF EUROPEAN UNION (CJEU)
HAS
UPHELD THE APPROACH TAKEN BY THE ADC IN THE CASE INVOLVING EDP
AND SONAE'S NON-COMPETITION AGREEMENT
    * THE CJEU SUPPORTED THE ADC'S STANCE, WHICH HAD SANCTIONED
EDP
AND SONAE FOR THEIR NON-COMPETE PACT
    * CJEU REPLIED TO A REQUEST FOR A PRELIMINARY RULING BY THE
LISBON
COURT OF APPEAL
    * CJEU DETERMINED THAT A NON-COMPETITION CLAUSE WITHIN A
COMMERCIAL PARTNERSHIP AGREEMENT, WHICH PROHIBITS ONE PARTY FROM
ENTERING THE ELECTRICITY MARKET DURING ITS LIBERALIZATION,
PARTICULARLY WHEN THE OTHER PARTY IS A MAJOR PLAYER, CAN INDEED
BE CONSIDERED AN AGREEMENT DESIGNED TO PREVENT, RESTRICT, OR
DISTORT COMPETITION

        
 Source text: https://tinyurl.com/3ck3te35
 Further company coverage:  EDP.LS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))