This leading work provides a unique perspective on EU competition law, authored by current and former members of DG Competition, and giving insider knowledge into policies and their application. Fully updated in this third edition, the work includes new material on industries of growing importance in the competition field including pharmaceuticals and High Tech. A new chapter on pharmaceuticals and health care gives analysis of the pharmaceuticals sector enquiry report, the ECJ judgment in GSK, the Servier investigation, and various mergers. Coverage of the developing High Tech industry is covered in an expanded chapter on Communications. Other updating includes full coverage of the latest legislation, case law and guidance, giving competition lawyers a comprehensive commentary on recent developments. Discussion of key legislative developments looks at the R&D and Specialization Block Exemption Regulations, the revised Verticals Block Exemption Regulation, and the Technology Transfer Block Exemption. Since the last edition of Faull and Nikpay, there has been a wealth of new guidance published which is fully covered in the third edition including Guidance on Hearing Officer procedures, Commission guidance on enforcement priorities for exclusionary conduct, non-horizontal mergers guidelines, Horizontal agreements guidelines, Verticals guidelines, and Commission Guidelines on Technology Transfer. Also, key recent cases covered in the new edition include Telefonica, Microsoft, Intel, Rambus, RWE, and GdF. Review from previous edition: "Faull and Nikpay is written entirely by officials working for the European Commission Competition Department and competition experts have bought copies to discover more about their thinking. The book is much better than that. Many using the book tell me how happy they are with it. In chapter after chapter the best articles in English are cited and more awareness of the economic analysis is demonstrated than in the European Commission's decisions. The development of the law is lucidly explained. This is the best book ... to consult. Not only are the rules and case law described, the reasons for the rules are explained. This feature should help practitioners to understand their likely future development." --Valentine Korah, Journal of World Competition 22/09/2000 "... an essential guide for all practitioners and regulatory officials whose work touches upon EC competition/antitrust law and practice." --European Access 04/07/2001 "The publication of this book is both timely and welcome...The book's extensive treatment of the substantive law...is well structured and is...fluent, coherent and accurate...All in all, this is a fine book and will, no doubt, become established as one of the 'must have' texts for practitioners and academics alike." --Peter Kunzlik Nottingham Law Journal Vol 9(2) 10/12/2000 "rather elegant and excellently written." --European Voice, 21st Sept. 2000. 01/12/2000 "The EC Law of Competition should be at the right hand of every counsellor." --Professor Barry E. Hawk, Skadden, Arps, Meagher and Flom LLP; Director, Fordham Corporate Law Institute 21/03/2000 "The in-depth working knowledge that the authors possess makes this an unique work. It is likely to become the new standard reference for EC competition law." --Christopher Bright, Clifford Chance 21/03/2000 "...this book provides a concise description of the case law and the administrative practice and explains the rationale behind the law. It contains an in-depth analysis of specific sectors of the economy such as financial services, communications, energy and transport." --European Counsel, February 2000 09/03/2000 "...an excellent complementary volume to Bellamy and Child. ...[I]t is well worth the investment and will be consulted frequently by anyone seriously dealing with EC competition law." --European Journal of Law Reform 15/12/2003 Gives a unique insider's view of EU competition law, written by current and former members of the Directorate General for Competition. Jonathan Faull, Director General, Internal Market and Services, European Commission ,Ali Nikpay, Senior Director, Case Scrutiny and Competition Policy, Office of Fair Trading Jonathan Faull joined the European Commission in 1978 after studying law at the University of Sussex and the College of Europe (Bruges). He worked in various positions in the Directorate General for Competition and was appointed Deputy Director General in 1999. From 1989 to 1992, he was a member of the Cabinet (private office) of Sir Leon (now Lord) Brittan. He was Commission Spokesman and Director General for Press and Communication (2000–2003) and Director General for Justice, Freedom and Security (formerly Justice and Home Affairs) 2003–2010. He is Professor of Law at the Vrije Universiteit Brussel and the College of Europe. Ali Nikpay is a Senior Director at the Office of Fair Trading, London. He is responsible for cartels and criminal enforcement. In Januar