Archive for the ‘ChillinLeaks’ Category
Following the political turmoil caused by Mario Monti’s announced resignation, and in order to achieve a compromise solution to Italy’s political deadlock, Silvio Berlusconi has been nominated as the new Italian Judge before the European Court of Justice.
In a press release issued a few minutes ago, the Italian Government states that:
“Berlusconi is the ideal candidate for the job: there is no other Italian citizen with more experience in Court proceedings, and his contribution to European criminal law is beyond question“.
Chillin’Competition has learnt that Mr. Berlusconi has already initiated the recruiting process for his new clerks. We have had exclusive access to a picture taken outside the villa where the interviews are being held; the picture conveys the sense of excitement and urgency prevalent among candidates to the job (see here).
The content of the tests remains confidential, but our sources tell us that there will be no written part.
Chillin’Competition’s Christmas contest
This is obviously a joke, but it’s also the opening post for a new game. Some of you certainly are (or should) be familiar with sites such as The Onion (Spaniards woud rather follow Elmundotoday). We want to play after them. That’s why we are setting up a contest for the funniest competition law fake news
We are giving out a special pack of Christmas delicacies from my family’s bakery to the person who sends us the funniest fake news. We donñt care about length: they can be one page, one line, even just a headline could do the trick.
We’ll hold a public vote next Friday.
Heard three weeks ago in Hong Kong: our antitrust master, our antitrust icon, our antitrust god Prof. Richard Whish – who will be leaving King’s College London in August 2013 – would be a strong contender for a high-level position at the forthcoming Hong Kong Competition Authority.
Heard last week in Brussels: people close from the
Court case have leaked to Chillin’Competition that the draft ruling in Intel v. Commission (T-286/09) will likely be an outstanding piece of nonsense ordoliberalism. Not yet out, and we already have a candidate for the worst 102 judgment of 2012. Wow!
A few days ago it was reported that the Danish presidency had proposed that 12 extra Judges to the General Court be appointed pursuant to a “lottery system”. At first we thought it was an April’s fools joke, but no, it’s actually a true story.
We have already expressed here some of our opinions with respect to the debate concerning the reform of the General Court. In our view, people matter more than institutional arrangements; or, in other words, if Member States appoint the right Judges then the backlog and most other problems could be effectively solved. Many Member States have already done so and, needless to say, there are currently a number incredibly good and productive Judges at the General Court.
And speaking of judicial nominations, EU Governments are meeting this week to vote on the appointments or re-appointments of a number of Judges and Advocates General at the upper ECJ.
It has been reported elsewhere that EU Governments will reappoint Judges Arabadjiev, Arestis, Berger, Bonichot, Fernlund, Jarasiunas, Levits, Malenovsky, Prechal and Von Danwitz as well as AG Bot, and that the new faces will be Judge Da Cruz Villaça (Portuguese; former President of the GC and very familiar with competition law issues) and Advocates General Nils Wahl (Swedish; former Judge at the GC and another very good competition expert) and Melchior Wathelet (Belgian; lawyer and economist from the University of Liège with a Harvard LL.M; also former Judge at the ECJ).
What we believe no one else has yet reported is that the UK has formally nominated a renowned competition lawyer, Christopher Vajda QC, as the new British Judge at the ECJ. The letter sent to the Council by the UK´s permanent representation officially informing them of the proposal (and including Mr. Vajda’s CV and list of publications) is publicly available here.
advertised announced yesterday, on September 30th the GCLC will be holding a major conference on the Reform of State Aid Rules on Services of General Economic Interest (SGEI) in Bruges.
The conference couldn´t be more timely, because last Friday the European Commission launched a public consultation on some proposed new texts regarding the application of State aid rules to SGEIs.
This reform is set to be one of the highlights of Commissioner Almunia´s tenure. The Commission has been working on this for some time, and we can provide you with some insights on how they have undertaken this work.
A famous quote by John Godfrey Saxe -often attributed to Otto von Bismarck- states that “law and sausage are two things you do not want to see being made.“
Sure you don´t? We´ll show you anyway
In the case of sausages, they are basically made like this:
And if you want to see part of the process of how law is made, check out this first draft of the SGEIs package that was circulated amongst the European Commission´s services under the coordination of the Commission´s General Secretariat, and promoted by Commissioners Almunia, Andor and Barnier:
It includes some highlighted internal comments, my favourite being this one:
“[voir absolument son [Judge Lenaert´s] intervention postée sur youTube in http://www.youtube.com/watch?v=L52IhxqxUXo ]”
It´s good to know that European Commission officials share our (and CPI´s) taste for competition law videos.
Note: We received this some months ago because our addressess were included in a large mailing list (no kidding).
Last Thursday we wrote this:
“Another significant move(s) to a new entrant in the Brussels market will be announced in the coming days (it involves a couple of well-known names). (Can´t say much more; you can consider this to be an incomplete Chillin´Leak)”.
This anticipated move has been confirmed today. As those who clicked the link we had included here last week already knew, the new entrant is Wilson Sonsini Goodrich & Rosati, a well known US law firm that specializes in antitrust in high tech industries and with an impressive portfolio of clients including Google in the US.
Wilson Sonsini´s Brussels office will be led by Michael Rosenthal (until now Partner at Hunton&Williams), who will be accompanied by Partners Götz Drauz (formerly Deputy Director General at DG Comp and former Partner at Howrey and Shearman Sterling) and Paul McGeown (formerly also Partner at Hunton&Williams and avid reader of this blog). Together with them goes a team of associates, including counsel Mathieu Guillaumond and associates Alexandros Papanikolaou, Juliette Orologas and Benjamin Record.
Last week we had only mentioned “a couple of well-known names” because, to be frank, we only knew about Drauz and Rosenthal, and have just found out that Paul McGeown, Alex Papanikolaou and the rest of the team were also involved. Best of luck to all of them and to Wilson Sonsini!
This proves once again our ability to give you fresh news ;) (even though this time the news was incomplete because providing names was a bit delicate). Competition for competition
leaks news is actually quite tough, with excellent guys our there such as Mlex or GCR. In addition to them, we discovered this summer that the actual Wikileaks (which, by the way, has later turned out not to be so concerned with human rights as it seemed) is also active in this market niche: Wikileaks releases US diplomatic cable about Oracle-Sun merger deal
Stay tuned for more Chillin´Leaks…
We´re back. Our holidays away from blogging took a little longer than expected, but these past days turned out to be quite busy for both of us. Nico has already explained that he´s been working on his “big book” and
on bashing credit rating agencies. On my side, apart from some ongoing cases on which I will eventually comment, I attended Fordham´s annual antitrust conference in NY last week. As expected, it was excellent. In a few days I will comment on what happened there as well as on the paper that Luis Ortiz Blanco and myself drafted during a considerable part of what were supposed to be our summer holidays, and which relied heavily on the impressions and ideas conveyed to us by readers of this blog.
Some interesting stuff occurred in our absence. Amongst others, the following: as we had anticipated, on August 5th the European Commission initiated a formal investigation concerning the luxury watches market (in essence, it will seek to further investigate whether what it said was ok for companies to do in 2005 is still ok in light of the parameters for market definition in aftermarket settings laid down by the General Court in CEAHR); on September 1st the US DOJ filed a suit to block AT&Ts merger with T-Mobile; on September 9th the General Court issued Judgments in the Italian Raw Tobacco case (most of what is said on the Judgment is business as usual; the news is that the Court has endorsed the Commission´s withdrawal of the conditional leniency that had been granted to Deltafina before it disclosed the fact that it had applied for leniency to other members of the cartel). Today, the General Court has also issued some interesting Judgments in a couple of cartel cases, but that can wait until tomorrow.
More stuff that happened during our holidays: those diffuse entities called “the markets” (which in the past few weeks have been reported to be attacking my country..) kept on giving us bad news. But contrary to financial markets, the legal market for competition lawyers is thriving: on Monday it was announced that Johan Ysewyn (previously Head of Competition at Linklaters and, like Luis, Professor at the BSC) has been hired by CliffordChance; Assimakis Komninos made a timely move and returned from the Greek competition authority to White&Case as a partner. Another significant move(s) to a new entrant in the Brussels market will be announced in the coming days (it involves a couple of well-known names). (Can´t say much more; you can consider this to be an incomplete Chillin´Leak).
Competition authorities are also doing some very smart hiring: in October Miguel de la Mano (with whom, btw, I will most likely co-author a text on abuse of dominance soon) will be joining the UK´s Competition Commission as its Chief Economist while on a secondment from DG Comp. I kinda like competition authorities who (like the CC, the OFT, the Dutch NMa or the Autorité de la Concurrence) hire qualified officials even if they´re non-nationals of their respective countries. Maybe one day we will end up with a new relevant market of an EEA dimension for competition enforcers…
It is time for Chillin´Competition to take a summer break.
The past few months have been hectic for Nicolas and for me both at work (we´re working on really interesting cases, books and papers on which we´ll comment in a few weeks) and on this blog (where we´ve managed to publish a post a day; this is our 429th post!)
Chilling Competition has already accomplished most of the objectives that we set at the beginning of the year, and has exceeded all our expectations in many ways. Thanks to you, we recently crossed the 150.000 visits threshold; we currently have nearly 500 visits a day, 200 members in our LinkedIn group, and more than 150 subscribers from all over the world. We´re even having lots of visits on our new youtube channel thanks to “The Raid“!
Most importantly, we´ve had a lot of fun. If you enjoyed what you´ve read too, then we have so far succeeded.
We´re committed to getting better, and for that reason we´ve got some quite interesting new projects on the pipeline that we´ll be announcing right after the holidays.
It´s a pity that we won´t be able to provide you with timely coverage of any competition law related developments that may take place in the coming days, such as the first-ever non-consensual Commission decision withdrawing an NCA´s competence to handle an ongoing case under Art. 11(6) of Regulation 1/2003, which should be out soon (you can consider this to be the last Chillingleak of the season..)
Have a great summer!
Nicolas & Alfonso
Back from Luxembourg with a present for our readers:
Not only the hearing was cool. We also had bilateral meetings with a legal secretary of the General Court (Foad Hoseinian), a judge of the Civil Service Tribunal (Mr. Gillot, not sure about the spelling) and, last but not least, Judge Koen Lenaerts from the ECJ.
A truly great day.
It appears that DG Comp has initiated a formal investigation in relation to a possible non-compete agreement between Telefónica and Portugal Telecom. The two companies have now unofficially confirmed this news, which could become public in the next few hours.
People involved in the case have indicated that the agreement could have been entered into last July, at the time Telefónica bought PT´s shares in Vivo (a reminder: the Portuguese government had opposed this acquisition by virtue of its “golden share” in PT. Although the ECJ recently declared that the existence of such “shares” infringes the Treaty provisions on freedom of establishement, the golden share on PT is still there). The agreement is suspected to have consisted of a commitment not to compete in each other´s “home” market until December 2011.
Similar “ancillary restrictions” have also been subject to recent investigations by the Commission.