Archive for March 2012
For this eighth edition of the Friday Slot, Chillin’Competition has interviewed Johan Ysewyn (Clifford Chance). Our readers willing to improve their presentation skills should once attend Johan’s seminar on cartel law at the Brussels School of Competition (BSC). With his partner in crime Ewoud Sakkers, they have managed to craft a real attractive seminar which combines high-level competition law teaching with role-playing. Both instructive and hilarious. And each year, the students’ evaluation reach sky-high levels. All of this to just say that the powerful and humourous Johan denotes within the grey world of the legal community. We are immensely proud to have him on this slot. Enjoy!
PS: In a gesture of solidarity with our fellow Spanish professor who got sued for defamation on his blog, Chillin’Competition will be closed next week. This decision has nothing to do with the fact that Alfonso will be away in Croatia with ‘Ms Lamadrid’ nor with the fact that I will be skiing in France.
“Oscar” of the best competition law book? And of the best non-competition law book?
The Oscar for the best competition law research book still goes to Korah’s yellow book. I kept my edition from my College of Europe days and although the last edition dates back to 2007, it still is a great – and to the point – introduction to the competition law field. Judge Bork’s “The Antitrust Paradox“, has been mentioned already by a number of my co-Friday slotters and remains an essential read. The idea that antitrust laws should be about protecting competition rather than competitors seems to be still a novel concept for a number of competition authorities.
A more fun competition-book is Christopher Mason’s “The Art of the Steal” which gives the background and history to the Christie’s/Sotheby’s cartel and is really a good “thriller”-type read. Highly recommended.
On the non-competition side, I have started reading some of the French modern literature. Jonathan Littell’s “Les Bienveillantes” is simply a must-read in dealing with the darkest period of the 20th century. Am also a big fan of Amélie Nothomb, especially where she describes the cultural clash between East and West. “Stupeur et tremblements” is an essential read for those of you who have Japanese clients. A friend recommended me Michel Houellebecq – La Carte et le territoire – but haven’t got beyond the first 20 pages yet.
“Oscar” of the best case-law development in the past year? “Oscar” of the worst case-law development?
Oscar of the best case-law development: All of the cartel judgments of the last year where the Commission is being criticised for misreading/misinterpreting the evidence. Finally.
Oscar for the worst case-law development: Pfleiderer. Commission now needs to legislate to avoid leniency statements being disclosed, something which strikes me as a no brainer.
Let’s do it like economists => assume that you could change 3 rules, principles, judgments, institutions in the current EU competition system. What would you do?
- Find a comity-rule for multi-jurisdictional merger filings. What a waste of time and money. Good for law firms but the benefit of having 20 countries or more looking at a merger – where some of them only have a tangential interest escapes me;
- Reinforce internal checks and balances within DG Comp. They have been slipping on that. And yes, I know we’d all look to split the decisional and the investigatory layer but I am a realist;
- More judges in the GC, resulting in speedier appeals.
Average working time/week?
I have realized that hours in the office and efficiency don’t necessarily match up.
Why do you work in competition law? How did you first get into it?
As many people from my generation, I started off doing a lot of general EU-type work as well as commercial work. There was the Internal market push by Delors – 1992 remember – and there was lots of advisory work on distribution contracts and the like. But things were changing. The Merger Regulation had just entered into force and national authorities were being set up all over Europe. So there was simply more competition work to do.
And yes, I enjoy it too. Saying that it combines law, economics and policy is so cliché – but it is true.
This is big news.
Click here to download the document: Antitrust ManProc, March 2012
Concurrences and George Washinton Law School presented their Antitrust Writing Awards on Tuesday night in D.C.
The list of winners is available here.
Bill Kovacic was in charge of announcing the winners. We weren’t there, but we can imagine him saying something like: “And the award to the best academic paper on unilateral conduct goes to…….. Nicolas Petit, for “Credit Rating Agencies, the Sovereign Debt Crisis and Competition Law“!l
Yep, Nicolas is the proud winner of the award to the best academic article on unilateral conduct. His piece was also the most publicly voted one (the readers of this blog probably have something to do with that, so thanks on his behalf).
I want to congratulate not only Nicolas, but also all other winners as well as all the authors of all the other articles that had been selected for the competition.
Moreover, we want to congratulate the organisers: Concurrences (in the person of Nicolas Charbit) and George Washinton Law School. The creation of these awards is a fantastic initiative; we hope that they’re here to stay.
non-politically correct comments now:
1: To a certain extent Nicolas deserves credit for this prize. Nonetheless, any impartial observer should rapidly realize that I -in my capacity as the manager of Nico’s brilliantly conceived campaign- am the one responsible for his victory.. ;) We’ll ask a credit rating agency who deserves more credit (wow, this is incredibly bad even for my standards…).
2: The picture illustrating one of our “campaign” posts was premonitory.
3: This must be the first time in a decade or so that a Frenchman wins any competition (except, certainly, for this one) ;) In fair reciprocity (some background here), I -as a Spaniard- should write a piece hinting that Nicolas owes his victory to doping (which, by the way, was definetely the case since he finished it during a trip to Scotland; this is how his desk must have looked like).
4: How much sense does it make for a paper on “collective” dominance to be awarded the prize to the best article on “unilateral” conduct?? Just kiddin’ here: the core of the paper apparently deals with individual abuses of collective dominance, so it makes perfect sense.
5: You caught me: I just wrote “apparently”. I guess I’ll now have to read Nicolas’ paper.
P.S. One suggestion for the organizers of the Writing Awards: since client alerts and articles published in newsletters are elegible for the prizes in the “Business” category, why not extend it to blog posts? We also need incentives to compete!
Sorry, can’t help it.
It is now the Commission that puts food on the table.
Yesterday, the Commission announced a 169,000,000€ fine in the Freight Forwarders cartel.
On this occasion, it announced that some cartel participants had organised their contacts in a so-called “Gardening Club” and that they had used coded language based on names of vegetables – such as “asparagus” and “baby courgettes” – when talking about fixing prices…
Thanks again to Aoife White for the pointer
Blogging about competition law is getting dangerous!!
We have just learnt through Competition Policy International that a Professor at the Instituto de Empresa has been sued for defamation because he wrote on his blog that music group Promusicae’s copyright policy is contrary to the competition rules !!
I’ll better not comment in order to avoid the risk of being sued too.
Could anyone recommend us a good lawyer, just in case?
A few days ago someone sent us a very interesting piece published by Okeoghene Odudu (who is also the author of a great book on Art. 101) in European Competition Journal (August 2011) under the title: “Indirect Information Exchange and the Constituen Elements of Hub and Spoke Collusion“.
Although we have enjoyed the substance of this article, the reason why it was sent to us in the first place was not its content but rather a particular footnote at the very end of it. It reads as follows:
“187. In his blog posting of 21 February 2011, Nicolas Petit expressed the view that there was nothing worthy of analysis in the hub-and-spoke phenomenon and concluded by writing, “The bottom-line: I will fight any proposal to organise an event on hub-and-spoke agreements. See http://chillingcompetition.com/2011/02/21/much-ado-about-nothing/.”
[*Note by Alfonso: The original post features a smiley face like this right after this quoted statement. The face is nevertheless missing in the quote that appeared in the article. It’s a pity, because it would have been funny to see the smiley appear in European Competition Journal!].
However, by 24 May 2011 he seems to have had a conversion, announcing that, through the Brussels School of Competition Law, he had co-organised a seminar on information exchange, to deal in part with “Sharing Information through Intermediaries (supply-purchase relationships, distribution agreements, meet and release clauses, hub-and-spokes, etc)”. See http://chillingcompetition.com/2011/05/24/information-exchange-in-eu-competition-law-conference-22-june/“
We were surprised at this footnote (since we don’t always take what we write seriously, it’s curious to find out that people do), which nonetheless expresses a very legitimate opinion.
As most readers know, Alfonso has been gung ho about endives.
On pain of breaking the anti-food fatwa enunciated yesterday by my learned co-blogger, I must report today the ultimate case in this series of post.
Earlier in the month, the Belgian competition prosecutor issued the equivalent of a SO in a case concerning a “salad” of unlawful exchanges of information. Please tighten your seatbelt. The practices under investigation cover:
- Candies, including possibly chocolate;
- Sauces (BBQ season is coming);
- Veggie and other stocks;
- Pet food…
Clearly, the scope of this investigation goes beyond anything reported earlier on this blog.
Thanks to Aoife White (Bloomberg) for the pointer.
One last thing: given my co-blogger’s obsessive focus on food, I suggest that, for our next quizz, chief Alfonso cooks an antitrust dinner to the winner, where endives will be served with flour and BBQ sauce.