ECJ SAYS FORMAL AGREEMENTS TO REDUCE FOOD PRODUCTION BREAK EU COMPETITION LAW
November 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Court of Justice (ECJ) has declared illegal under European Union (EU) competition law creating umbrella companies taking over food businesses with the expressed aim of reducing production of a particular foodstuff. The precedent-making ruling came with judges censuring the operation of Ireland's Beef Industry Development Society Ltd (BIDS), formed in 2002 to unite most of the country's beef processors. The problem, said the court was that BIDS was designed to compensate companies leaving the industry, to reduce production by 25% and ...
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