Are European competition rules obsolete in the face of the Chinese threat? This is the debate in Brussels as the powerful European commission seems set to veto a blockbuster merger of the train-making businesses of Siemens and Alstom. The tie-up, announced in 2017, was billed as the birth of an all-too-rare European industrial champion -- a "Railbus" to match Airbus, Europe's aviation giant that competes toe-to-toe with US-rival Boeing. "Do we want... the single market to become a supermarket for all the major powers, China and the United States," thundered Bruno Le Maire on Monday. "Or do we want Europe to be powerful and sovereign?" demanded the French finance minister, who has led an impassioned campaign to defend the tie-up. A view echoed in Berlin, which has also lobbied -- if less ardently -- for the deal. "We need more European champions to stand up to Chinese and American competition," Peter Altmaier, Le Maire's counterpart, told the German daily Handelsblatt on Friday. But … [Read more...] about Is EU competition law outdated in the age of China?
Eu competition law
Meeting on Greece’s Ionian island of Ithaca in late August for the first-ever EU Competition Law Summit, leading minds and experts from European and international arena came together in the lively two-day summit. Gibson Dunn partner Peter Alexiadis masterminded the summit, which he hopes to repeat biyearly. The panels of discussion ranged from the enforcement and review of competition matters and the evolving standards for behavior practices to the current and emerging trends in merger policy and where regulatory policy meets antitrust paradigms. With the series of discussions running from August 23-24 at the Cultural Centre in picturesque, 16th-century harbor of the island’s capital and largest port of Vathy, those in attendance delved deep in the antitrust and competition practices that are currently informing EU economic policy. Speaking at event, the Commissioner of the Hellenic Competition Authority, Lefkothea Nteka, delivered the keynote address to leading legal … [Read more...] about EU Competition Law Summit – Ithaca
The announcement seemed somewhat dramatic at the time. It came during hearings with various witnesses into the insurance cost crisis by the Joint Oireachtas Committee on Finance, Public Expenditure and Reform. In the subsequent days it emerged the CCPC had been monitoring the sector for some time. Indeed, in October 2015 a decision had been taken not to pursue enforcement action at that stage. The focus of the CCPC investigation is on price signalling. I am not an expert on competition law. However, research indicates that this activity could be summarised in lay terms as what I would call megaphone collusion. That's where company executives and/or industry representative bodies announce what the future price increases are going to be. You might ask, why is it bad for consumers to be told in advance the extent to which they will be forced to adjust their household budgets to absorb higher car insurance costs? That brings us to the thin blue line of the balance between law … [Read more...] about Where the buck stops: Motor insurers and competition law
Online experts fear proposed EU copyright law change will damage internet BelfastTelegraph.co.uk Internet experts, including World Wide Web creator Sir Tim Berners-Lee, have warned that new EU proposals on copyright law could cause “substantial damage” to the platform. https://www.belfasttelegraph.co.uk/news/uk/online-experts-fear-proposed-eu-copyright-law-change-will-damage-internet-37030997.html https://www.belfasttelegraph.co.uk/news/uk/article37030995.ece/f621b/AUTOCROP/h342/bpanews_0d606385-a825-4dc4-bc68-7adb0a3fb04b_1 Email Internet experts, including World Wide Web creator Sir Tim Berners-Lee, have warned that new EU proposals on copyright law could cause “substantial damage” to the platform. Article 13 of the proposed legislation, under which internet platforms would be required to monitor uploads by their users for copyright infringement, was approved by the European Parliament committee on legal affairs on Wednesday. The bill, which will now … [Read more...] about Online experts fear proposed EU copyright law change will damage internet
The European Commission announced on May 24 that it has adopted a decision imposing a set of obligations on Russian energy giant Gazprom that address the Commission’s competition concerns and enable the free flow of gas at competitive prices in Central and Eastern European gas markets, The European Commission’s competition chief, Margrethe Vestager, stressed that all companies doing business in Europe have to respect European rules on competition, regardless of their place of origin. “Today’s decision removes obstacles created by Gazprom, which stand in the way of the free flow of gas in Central and Eastern Europe. But more than that – our decision provides a tailor-made rulebook for Gazprom’s future conduct,” Vestager said, adding that it obliges Gazprom to take positive steps to further integrate gas markets in the region and to help realise a true internal market for energy in Europe, while giving Gazprom’s customers in … [Read more...] about EU accepts Gazprom’s post-market test antitrust commitments