European Commission Issues Revised Rules on Horizontal Cooperation
On December 14, 2010, the European Commission released revised Guidelines for the Assessment of Horizontal Cooperation Agreements (“New Guidelines”). The European Commission also released a draft Regulation on the Application of Article 101(3) of the Treaty to Certain Categories of Research and Development Agreements (“New R&D Block Exemption”) and a draft Regulation on the Application of Article 101(3) of the Treaty to Certain Categories of Specialization Agreements (“New Specialization Block Exemption”) (together the “New Block Exemptions”).