Over the past months, various discussions and debates have taken place concerning the future path of EU competition policy. Central to these discussions was the Draghi Report calling to revamp the EU’s competitiveness and launch a new industrial policy. Some of these discussions were described as reviving “old Europe” mindset and proposing policy directions that…
In April 2023, a Memorandum was signed between the competition authorities of eight Member States (Poland, Czechia, Estonia, Hungary, Latvia, Lithuania, Romania and Slovakia) and the competition authorities of the newest EU candidate countries Moldova and Ukraine for regional cooperation in the field of competition policy. The main objective of this initiative was to promote…
On January 12th 2023, the European Court of Justice (ECJ) issued its long-awaited judgment in C‑883/19 P HSBC v Commission setting aside the judgment of the General Court (GC) but confirming the European Commission’s finding that HSBC had participated in a cartel in the market for Euro Interest Rate Derivatives (EIRD). The judgment clarifies the procedural safeguards that…
On 9 February 2022, the General Court handed down its judgment in the offbeat case Sped-Pro (T-791/19). Notably, the General Court ruled that before rejecting a complaint on the grounds that the competition authority of a Member State is “better placed”, the Commission must examine, in a concrete and precise manner, the indications provided by…
