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Jurisdiction(s):
United Kingdom
Key definition
Long definition

What does Long mean? In legal practice, long describes a position in which a party benefits from an increase in the price or value of a specified asset; the party is long that asset. A position is long where net economic exposure is above neutral (zero). This can arise through direct ownership (for example, shares or bonds) or synthetically via derivatives that deliver positive exposure to price rises (for example, buying call options, entering into forwards or futures, or taking the receiver leg of a contract for difference or total return swap). It is commonly taken with a view to later sale at a...

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Gazprom (AT.39816): EU Article 102 commitments on Central and Eastern European gas supply, addressing territorial restrictions, unfair pricing and infrastructure leverage; cross-border flow obligations; timeline and appeals

Practice notes
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ARCHIVED

This archived case hub records the position as at the decision date of 24 May 2018; it is no longer updated and remains unmaintained accordingly.

NOTE

An Appeal was lodged before the Court of Justice in Case C—255/22 P. See further, timeline, commentary and related/relevant cases.

Case facts Outline

The European Commission Article 102 TFEU investigation into Gazprom concerning the upstream gas supplies across Central and Eastern Europe (case number AT.39816).

Latest development

On 24 May 2018, the Commission accepted commitments from Gazprom under Article 9...

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Web page updated on 21/05/2026

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