COMPARATIVE OVERVIEW OF THE REGULATION OF CONCENTRATIONS IN THE UNITED STATES-EUROPEAN UNION –REPUBLIC OF MACEDONIA

In: Dukoski, Sasa and Veljanoska, Svetlana and Dukoska, Marija (2018) COMPARATIVE OVERVIEW OF THE REGULATION OF CONCENTRATIONS IN THE UNITED STATES-EUROPEAN UNION –REPUBLIC OF MACEDONIA. Horizons, International scientific journal, 22. pp. 175-185. ISSN 1857-9884

Abstract

The control of market concentrations is a specific part of the right to competition and incorporates an ex ante assessment of transactions, and thus is the most delicate area of competition law. It directly affects business entities and their activities on the market without the existence of a factual activity or an act that directly violates the market competition. It is obvious from the aforementioned circumstance that the need for a balanced approach of the right to competition in the regulation of market activities is needed. The comparison of the systems that are in charge of controlling the market concentrations between the United States and the European Union, and in this context, the Republic of Macedonia is imposed due to the significance of the United States antitrust system as the first system that set certain criteria for regulating the market concentrations which were followed by other developed legal systems. For this reason, the comparison of the regulation of concentrations is a good way to see the possible advantages and weaknesses of European Union law in this area.