Bruxelles

Global Antitrust Hot Topics EU, US & Global Perspectives

Conférence “10th Global Antitrust Hot Topics” organisée par Concurrences, en partenariat avec Baker Botts, Cornerstone Research, CRA, Frontier Economics et Meta.

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SYNTHÈSE

Opening Keynote Speech

Guillaume Loriot

Operationally, the Commission has faced many very demanding Phase II investigations, most of which have resulted in interventions, both prohibitions, and late-stage remedies or discontinuations (e.g., NVIDIA/ARM). The Commission also had several interventions in Phase I cases in a number of industries such as construction equipment and transport. The majority of transactions examined by the Commission that raise substantive and competition issues are horizontal. These involve overlaps, increased concentration in markets that are often already concentrated, and concern different types of sectors. The Commission is not only focusing on new and developing sectors such as biotech and tech, but it also continues to safeguard traditional markets that have an impact on consumers. In this respect, the ThyssenKrupp/Tata Steel judgment handed down by the General Court at the beginning of June is a very important signal from the Commission’s point of view when it comes to dealing with competition issues in oligopolistic markets. This judgment has established that the Merger Regulation, as amended in 2004, is adequate to deal with issues arising in cases involving concentrated markets without necessarily a dominant position. Moreover, this judgment shows that the concepts developed in 2004 on very fundamental issues such as closeness of competition and the notion of important competitive force are adequate according to the Court. The Commission’s assessments have become increasingly rigorous over the years, taking into account market realities and relying inter alia on economic evidence.

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Intervenants

  • Frontier Economics (Brussels)
  • European Commission - DG COMP (Brussels)
  • United Kingdom’s Competition Authority (CMA) (London)
  • Cornerstone Research (London)
  • Carlsberg (Copenhagen)
  • Google (London)
  • Maersk (Copenhagen)
  • Belgium Competition Authority (Brussels)
  • Unilever (Brussels)
  • Baker Botts (Brussels)
  • Baker Botts (Brussels)
  • Baker Botts (Brussels)
  • Baker Botts (Washington)
  • European Commission - DG COMP (Brussels)
  • Microsoft (Brussels)
  • Meta (Washington DC)
  • Baker Botts (Washington)
  • CRA International (Brussels)