Antitrust refers to a field of economic policy and laws dealing with monopoly and monopolistic practices. Antitrust law or antitrust policy are terms primarily used in the United States, while in many other countries the terms competition law or policy are used. Some countries have utilized the phrases Fair
Trading or Antimonopoly law. The intellectual basis for antitrust economics or policy is the sub-field of industrial organization economics which addresses issues arising from the behaviour of firms operating under different market structure conditions and the effect this has on economic performance. Most antitrust or competition laws have provisions dealing with structure such as mergers, monopoly, dominant market position and concentration, as well as behaviour, such as collusion, price fixing, and predatory pricing.
Source: OECD
By Falk Schöning, Partner, and Peter Citron, Counsel, Hogan Lovells Online sales are not only attracting the attention of consumers and tech businesses, but also increased review by antitrust regulators. On 15 September 2016, the European Commission published a detailed 290 page preliminary report on its e-commerce sector inquiry. While commenting on the release of the report, EU…
In June 2015, China pushed through a relatively bold liberalization of drug prices, moving from a regime where the government decides the prices or price ranges of the most commonly used drugs to a regime where the prices of most drugs are determined by market forces. Already then, the National Development and Reform Commission (NDRC)…
The German Federal Cartel Office (“FCO”) terminated antitrust proceedings against toy manufacturer Lego on July 18, 2016, following Lego’s agreement to change its current rebate system. Lego will enable online retailers to obtain in practice the same amount of discounts as available for brick and mortar shops. The FCO had opened proceedings against Lego based…
Fordham University School of Law will hold its 43rd Annual Conference on International Antitrust Law and Policy on September 22-23, 2016, at Fordham Law School in New York City. The topic will be the future of antitrust in Asia. There also will be a pre-conference antitrust economics workshop on September 21. The conference will begin…
The question of how to treat bans on sales via third-party internet platforms in selective distribution systems and the impact of the Court of Justice’s Pierre Fabre ruling (see judgment of October 13, 2011, case C-439/09) have been on the agenda in Germany for some time. Recently, the Frankfurt Court of Appeals has submitted a…
Recent months have seen a surge of new initiatives by European antitrust enforcers applying competition law rules to holders and processors of “big data.” Big data often is described as the accumulation of a significant volume of different types of data, produced at high speed from multiple sources, whose handling and analysis might require new…
11th Evening Policy Talk of the Global Competition Law Center Tuesday, June 7, 2016 from 6:30 PM to 9:00 PM The State of US Antitrust Enforcement with Diane P. Wood, Chief Justice, US Court of Appeals for the Seventh Circuit Albert Foer, founder and former President of the American Antitrust Institute Eleanor M. Fox, Walter…
On 21 April 2016, the Advocate General Nils Wahl issued his Opinion in Case C-221/15 – a proceeding initiated by a request for preliminary ruling from the Brussels Court of Appeal. The case concerns the compliance of the prohibition upon retailers to sell tobacco products below the price indicated on the tax stamps by manufacturers…
Polish competition authority, the Office of Competition and Consumer Protection (UOKiK), took its stance on the Uber’s innovative business model. As it is its last important statement under President Adam Jasser, I would like to mention him at the end of this entry, especially as the way UOKiK tackled the “Uber problem” is an another…
Ever since the incoming EU Competition Commissioner said that information was the new currency of the internet, antitrust commentators started to spill ink on the topic of Big Data and whether it was a Big Deal. The topic now seems to occupy a place on the agenda of many antitrust conferences – and as recently…
