Competition Law In Crisis

Author : Bruce Wardhaugh
Publisher : Cambridge University Press
ISBN 13 : 1108996213
Total Pages : 293 pages
Book Rating : 4.11/5 ( download)

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Download or read book Competition Law in Crisis written by Bruce Wardhaugh and published by Cambridge University Press. This book was released on 2022-08-18 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: A common criticism of the competition rules posed by EU authorities is that they are too inflexible, thereby prohibiting adequate responses to economic and industrial shocks. Competition Law in Crisis challenges this suggestion through an examination of competition responses to crises past and present. With an analysis spanning the response of UK and EU competition authorities to the economic and commercial outfall of the 2008 financial crisis, the COVID-19 pandemic, and potential responses to the climate crisis in the context of post-Brexit British industrial policy, the book argues that relaxing the competition regime is precisely the wrong response. The rigidity of competition rules in the UK and EU has both normative and positive implications for not just the methodology used in competition analysis, but also the role of competition law within the legal order of both jurisdictions. The book concludes with a discussion of the place of the competition in the UK's and EU's legal order.

Author : Bruce Wardhaugh
Publisher :
ISBN 13 : 9781108987707
Total Pages : 0 pages
Book Rating : 4.02/5 ( download)

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Download or read book Competition Law in Crisis written by Bruce Wardhaugh and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "For the sake of variety, except when referring to the American regime, we use 'competition' and 'antitrust' interchangeably. We also use the present numbering of the European Treaties' Articles, however, when not possible, the relevant referent should be obvious. This work was first conceived as a work on competition, sustainability and the environment. Indeed, that was the idea which I had when I first approached one of my editors at Cambridge University Press in very early March 2020. Within a few weeks, the focus of my project had changed, to consider the role of competition law in crises more generally. This work was written during the Covid Pandemic and the initial phase of Brexit, as such these crises were on-going when the book went to the publisher (November 2021). Much of the early economic impact of Brexit has been camouflaged by the effects of the Covid crisis, and any response by the UK's Government has been slow. The full economic effects of this episode in the history of the UK (and Europe as a whole) will not be felt for a while, nevertheless we have been able to examine the Government's actions to date"--

Author : Collège d'Europe (Bruges, Belgique). Global Competition Law Centre. Conférence annuelle
Publisher :
ISBN 13 :
Total Pages : 649 pages
Book Rating : 4.77/5 ( download)

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Download or read book Competition Law in Times of Economic Crisis written by Collège d'Europe (Bruges, Belgique). Global Competition Law Centre. Conférence annuelle and published by . This book was released on 2013 with total page 649 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Jacques Derenne
Publisher : Primento
ISBN 13 : 2802745468
Total Pages : 352 pages
Book Rating : 4.64/5 ( download)

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Download or read book Competition Law in times of Economic Crisis : in Need of Adjustment ? written by Jacques Derenne and published by Primento. This book was released on 2013-12-02 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout this unprecedented crisis which is hitting all major economies in the EU, the escalation of the Eurozone recession increasingly undermines public confidence in the ability of competitive markets to deliver positive outcomes. A debate on the most appropriate way to enforce competition rules, in light of the crisis, is definitely useful. A “relaxed” stance to competition during difficult periods may be tempting and indeed, this has often been the approach used in the past. However, the enforcement of competition rules is no less important during times of crisis than during normal periods. It has also been argued that, when public resources are stretched to the limit and businesses are struggling to survive, competition authorities should seek to focus their limited resources on those anticompetitive practices which are most detrimental to consumer welfare such as cartels. Indeed, if over-enforcement is perhaps undesirable when the economy is functioning well, it will inevitably become more problematic during an economic downturn. In addition, business managers may be increasingly tempted to resort to anticompetitive practices when faced with economic hardship. This book will appeal to judges and lawyers in competition law, European law, business/corporate law and insolvency law ; the study of European competition law, European institutions, national competition authorities, and companies.

Author : Wolfgang Fikentscher
Publisher : Springer Science & Business Media
ISBN 13 : 3642361072
Total Pages : 169 pages
Book Rating : 4.74/5 ( download)

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Download or read book FairEconomy written by Wolfgang Fikentscher and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​FairEconomy is a concept for a free and fair market economy. In response to the financial and economic crises of the past years, the authors develop fundamental ideas of how a market economy works, what rules markets need and who safeguards fairness and equal opportunity in such an economy. The book sets out the design of a sustainable market order: Going back to the very roots of doing business it offers a fascinating insight into the cultural and anthropological premises of the market economy. Fairness and free competition can be identified as key elements of successful markets, sometimes neglected in politics and business. Legal rules need to ensure that fairness and economic freedom work. The same holds true for the relationship of risk and liability that has been overlooked in the banking sector. The ideas of a FairEconomy, sketched in this book, are fit to become a reality: The authors point to institutions and mechanisms that could integrate the concept into global law. They place their trust less upon ever-larger institutions and more on private entitlement and enforcement at the global, regional, and local levels. ​

Author : Ioannis Kokkoris
Publisher :
ISBN 13 :
Total Pages : 538 pages
Book Rating : 4.34/5 ( download)

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Download or read book Antitrust Law Amidst Financial Crises written by Ioannis Kokkoris and published by . This book was released on 2010 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Conor Talbot
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527523152
Total Pages : 238 pages
Book Rating : 4.59/5 ( download)

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Download or read book Competition Law in Times of Crisis written by Conor Talbot and published by Cambridge Scholars Publishing. This book was released on 2018-12-11 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the role and utility of competition law within the EU’s legislative and regulatory dialogue, using its response to crisis conditions as a test of its aims and abilities. As such, its main conclusion is that competition policy acts as a forum for debate as to the direction of the European integration project, while competition law can serve as a tool for aiding in the implementation of broader policy objectives. The analysis here explores the role of the general economic context in the application of competition law, the existence of identifiable baselines applicable in crisis conditions, the ability and role of national competition authorities in applying competition law, and the ways in which the European Commission’s overarching policy goals can influence the application of competition law. The decision to take an empirical approach to this research project stems from a conviction that an investigation into the real world situations faced by firms and consumers should underpin the evaluation of the applicable legal rules. Over the past number of years, the Commission has exerted more and more influence over the development of the regional and global airline industry, and this book identifies the emergence of an apparent overarching aim on the part of the Commission to create a market with a handful of ultra-competitive airlines with international reach serviced by an array of smaller feeder airlines on a regional basis. The study of Irish beef processing, on the other hand, identifies a high level of government involvement in providing the strategic thinking behind a crisis cartel scheme, and then demonstrates how the economic context exerted considerably more pressure on the government and the national court than on the competition authorities involved.

Author : Kamala Dawar
Publisher : Bloomsbury Publishing
ISBN 13 : 1509908226
Total Pages : 275 pages
Book Rating : 4.26/5 ( download)

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Download or read book The Legality of Bailouts and Buy Nationals written by Kamala Dawar and published by Bloomsbury Publishing. This book was released on 2017-09-21 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book offers a well-argued and insightful critical assessment of the shortcomings of international trade and competition rules in tackling interventionist State measures in the context of an economic crisis. Dawar offers an evidence-rich account of the challenges that State protectionism creates for international trade liberalisation and for the protection of competition in international markets. Her insights will be particularly interesting in the context of current events leading to another surge of State economic interventionism, both for academics and for policy-makers with an interest in international trade." Dr Albert Sanchez-Graells, University of Bristol Law School "This book bursts the bubble of the self-congratulatory attitude that existing institutions, which were set up to discipline governments from a race to the bottom on economic policy, worked well after the financial crisis. These institutions may have prevented tariff wars, a big achievement compared to the time of the Great Depression. But they went along with the subsidies and state aid that governments put in place after 2007. Such flexibility on economic policy is essential in turbulent times. But these institutions are undermined if flexibility comes with a race to the bottom that shifts money away from policies for the more marginalized sections of society. At a time when the left behinds are changing the political landscape of the world, Kamala's book debunks the myth of the success of existing institutions in containing the economic fallout of the global financial crisis. It gives a sobering warning of what might unfold when institutions deal with economic challenges by turning a blind eye to their own rules for checking unfair competition." Dr Swati Dhingra, Senior Lecturer at the Department of Economics, London School of Economomics 'An impressive contribution to our understanding of the financial crisis. Dawar's reading of bailouts and buy national through the lens of competition law and government procurement law and policy is inspirational.' Professor Mary E Footer, University of Nottingham School of Law 'The diplomatic fiction that during the crisis years regional and global trade rules ensured a level commercial playing field is skewered by Dawar's trenchant legal analysis.' Professor Simon Evenett, University of St Gallen This book examines the international regulation of crises bailouts and buy national policies. It undertakes this research with specific reference to the crisis years 2008–2012. The book includes a comparative analysis of the regulation of public procurement and subsidies aid at both multilateral and regional levels, identifying the strengths and weakness in the WTO legal framework and selected regional trade agreements (RTAs). Ultimately, the aim of this work is to provide options for improving the consistency of these laws and the regulation of these markets. This is of immediate relevance for good economic governance, as well as for managing future systemic financial crises in the interests of citizens: as tax payers and consumers.

Author : David Harrison
Publisher : Routledge
ISBN 13 : 1134090862
Total Pages : 147 pages
Book Rating : 4.60/5 ( download)

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Download or read book Competition Law and Financial Services written by David Harrison and published by Routledge. This book was released on 2014-03-14 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be invaluable to students, researchers and practitioners of banking and finance law, and commercial and competition law. .

Author : Luís Silva Morais
Publisher : Leya
ISBN 13 : 9724041670
Total Pages : 42 pages
Book Rating : 4.74/5 ( download)

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Download or read book Evolutionary Trends of EC Competition Law - Convergence and Divergence with US Antitrust Law in a Context of Economic Crisis written by Luís Silva Morais and published by Leya. This book was released on 2023-07-24 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Luís Silva Morais - Evolutionary Trends of EC Competition Law ? Convergence and Divergence with US Antitrust Law in a Context of Economic Crisis Este artigo faz parte da Revista de Concorrência e Regulação ? Ano 1 ? N.o 1 ? Janeiro-Março 2010 Consulte a página da revista em http://cr.almedina.net Esta revista está também disponível como parte de uma Assinatura.