§ 3 Joint Venture Agreements and Eu Competition Law - The Case Of The Construction Industry in Particular

Part of the answer starts with perceiving that cooperative JVs have distinctive features – as flexible vehicles of business organization that allow competing undertakings to combine activities/combine inputs. That form of organization is indeed more flexible than incurring in more in-house costs – more flexible also than full-blown mergers and easier to reverse and adjust than these mergers. Furthermore, as aforementioned, these entities uniquely combine elements of cooperation and…

Accordingly, and in a nutshell, a flexible competition law approach is clearly required in this domain,…