CBI proposes specialized EU Competition Court

An interesting article in the Times a couple of days ago. The Confederation of British Industry proposes to establish a separate European competition court devoted to merger issues, arguing that the existing system is too slow, the Court of First Instance now taking a year or longer to decide an appeal.

The recent Sony BMG case (T-464/04) for instance, although of course exe
ceptional for being the first case to actually overturn a merger clearance by the Commission, took nearly two years to decide.

As is well known, the Treaty of Nice paved the way for such specialized judicial panels to be established by introducing Article 225a EC, which, inter alia, provides that

"The Council (...) may create judicial panels to hear and determine at first instance certain classes of action or proceeding brought in specific areas."

Link to Times article