The new UK Vertical Agreements Block Exemption Order (commonly abbreviated to "VABEO") has come into force today, 1 June 2022. The block exemption governs how UK competition law applies to "vertical" agreements (including exclusive and selective distribution, franchising and agency).
The new rules are largely a case of updating the rules that applied under the EU Vertical Agreements Block Exemption (which applied in the UK until 31 May 2022). However, together with the accompanying CMA guidance (which remains in draft and will hopefully be finalised shortly) there are changes that will be of interest to businesses - in particular, in relation to online selling.Disclaimer
This information is for general information purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. Please contact us for specific advice on your circumstances. © Shoosmiths LLP 2024.