photo by: vladimir tatarevic

Individual and Block Exemption

Law on Protection of Competition prohibits legal agreements which have as their effects the prevention, restriction or distortion of competition in the market.

Any legal agreement between firms limits the freedom of the parties involved. The competition problems arise when agreements include clauses that more directly exclude or suppress competition.

Belox is providing analysis of economic efficiency of such agreements and evidences whether competition in the market is restrained. For example, agreement may lead in reduction of overall transaction or distribution costs, or to optimization in sales and investment levels, and in these ways positively influence economic efficiency of the market.



The most serious mistakes are not being made as a result of wrong answers. The truly dangerous thing is asking the wrong question.

Peter Drucker