Contents: Compatibility of the legal exemption system with the treaty – Abolition of the notification system and its
implications – Block exemptions, legal exemptions, guidelines and notices under the new regime – The new relationship between
EC law and national law – Decentralisation to national authorities, especially in respect of the Italian Competition Authority
– Decentralisation to national courts, with a special focus on the Italian Judiciary – The situation of undertakings – Effects
on the European Court of Justice and the Court of First Instance – Eastern enlargement of the European Union – Further critical
remarks (the new investigative powers of the Commission) – Possible alternatives to the new system.