Competition Policy in Global Markets
The global economic downturn has put competition policy under strain. Faced with tight budgets and pressure to preserve their industry base, competition authorities are having to adapt their approaches.
How can enforcement be made leaner, faster and more dynamic? Policy-makers, politicians and industry will discuss different approaches to cross-border cooperation, remedies, settlements and other procedural issues, focusing in particular on the extractive industries and new technology markets.
- Should competition enforcement reflect the economic difficulties that businesses are experiencing, eg by allowing national or regional champions and cartels?
- Should legal and/or procedural convergence between regulators be increased, and how?
- To what extent do protectionist trends in competition law-making hamper M&A transactions?
- In new media, does competition now move at the speed of light, and can regulators keep pace?
- Commissioner in charge of Competition and Vice President
- Director, Pre-notification Division, Anti-monopoly Bureau
William E Kovacic
- Global Competition Professor of Law and Policy
- Competition Counsel, EMEA, India and China
- Managing Director, Global Head of Natural Resources M&A
- Senior Counsel, Competition
J Thomas Rosch
- Partner and Chairman of Global Antitrust Practice
- Head, Policy and Research Team
Dr Mark Williams
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Friday 22 June 2012
Chatham House, London
Structural and Procedural Challenges: Faster, leaner, meaner?
- How should regulators meet the challenges resulting from the the global downturn and demands for efficiencies?
- Should there be less a case-by-case/complaints-driven approach to enforcement and more a focused and sector-specific approach based on ex-officio cases?
- Should legal and/or procedural convergence between regulators be increased and if so, how?
- Should there be more pragmatic and faster enforcement through commitments or other means, and, if so, what form should they take?
- What constitutes ‘good’ or ‘best’ practice by regulators and businesses, e.g. the European Commission’s Best Practice Guidelines on Antitrust (2011)?
Chair: William E Kovacic
Global Competition Professor of Law and Policy, Professor of Law and
Director, Competition Law Center, The George Washington University
09.30 Opening remarks from the Chair
09.40 Keynote Addresses
Joaquín Almunia (on the record)
Commissioner for Competition and
Vice President, European Commission
10.00 J Thomas Rosch (on the record)
US Federal Trade Commission
10.20 Lui Jiang
Director, Pre-merger Division, Anti-monopoly Bureau
Ministry of Commerce, China
10.40 Moderated discussion
Extractive Industries: Responses to the new, global challenges
- To what extent do protectionist trends in competition laws hamper or hinder M&A transactions?
- How should the tension between resource nationalism and competition law be managed?
- Ramifications of strategic alliances and cooperation;
- How to best manage the twin track of merger control and foreign investment rules?
11.40 Moderated Panel Discussion
Senior Counsel, Competition
Blakes Competition, Antitrust & Foreign Investment Group
Brazil’s Council for Economic Defence
Managing Director and Global Head of Natural Resources M&A
New Technologies, New Markets, New Modes of Competition
- Does technology now move at the speed of light, and can regulators keep pace?
- Does the threat of antitrust intervention dampen innovation and competition?
- Does the presence of high fixed costs, two-sided markets and network effects make
intervention too difficult to get right?
Dr Mark Williams
Director and Head of European Competition Policy Group
NERA Economic Consulting
14.30 Moderated Panel Discussion
Competition Counsel, EMEA, India and China
Chairman, Global Antitrust Practice
Head, Policy and Research Team
15.55 Moderated discussion
Closing Keynote Address
Philip Collins (on the record)
Office of Fair Trading, UK
16.55 End of conference and reception hosted by Chatham House
© The Royal Institute of International Affairs 2012