Nullity

Nullity in the European Union Law

Concept of Nullity provided by the “Glossary of terms used in EU competition policy” (Antitrust and control of concentrations, published in 2002): Under Article 81(1) of the EC Treaty, agreements between undertak-ings that restrict competition and may affect trade between Member States are prohibited. According to Article 81(2) of the EC Treaty they are void unless they are exempted from the prohibition under certain conditions laid down in Article 81(3) of the EC Treaty.