Science topic

Competition Law - Science topic

Competition law, known in the United States as antitrust law, is law that promotes or maintains market competition by regulating anti-competitive conduct by companies.
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I particularly want to know which section(s)/provisions of the Competition legislation in Austria deal with small and medium-sized enterprises?
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time to exit Legalese
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Researching about Mergers and Acquisition in digital space
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I am currently looking at the recent uber cases and wonder how this interlinks.
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See newspaper article [https://www.independent.ie/business/world/gig-economy-turns-the-spotlight-on-who-is-really-selfemployed-37032209.html] which discusses changes to Ireland's legislation (Competition (Amendment) Act 2017) and suggests some implications for gig work - though it is not yet clear how this will develop.
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If anyone in legal study or practice can advise me on some current issues in banking regulation, particularly in the EU context, then please get in touch. I'm beginning to scope out potential topics for my dissertation and am struggling to narrow down my list.
At present, I'm looking at:
Legitimacy of the ECB
Banking Regulation post-2008 financial crisis
Competition Law implications on Syndicated Lending
Any help is very much appreciated?
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Hi James,
your interest is in legal regulation. Therefore you have to understand such regulations proposals and literature on it...
I suspect there should be tons of it....
try simple google searches to check for pspers, books, etc...
try RG and google scholar...
Best,
Carsten
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The long dispute between Hynix (producer of DRAM) and Rambus, patent owner and licensor of related IP rights seems to be over. However a lot of questions remained unanswered. It is already practice that such disputes end with a settlement. However there is also a public enforcement dimension to these cases. In Europe the cases brought before the CJEU (General Court) are based on antitrust law. In the U.S. the litigation started with a similar action initiated by the FTC, but most of the confrontation was related to IP law and the allegations brought by Rambus against Hynix. Rambus is a very successful patent litigant and they won even in this case. However, a little but important battle was a success for Hynix. They succeeded to obtain the reduction of the total amount of royalties to be paid with $250,000,000 with reference to Rambus' spoliation of evidence (JEDEC documentation).
In Europe the actions for annulment against the Commission decisions giving authority to the commitments undertaken by Rambus in 2009 were withdrawn on 5 July 2013.
eiml.webs.com/ (for more links and case references)
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HI,
You may be interested by this paper:
A survey of litigation in corporate finance
Matteo Arena, Stephen Ferris
Managerial finance, 2017 vol 43, issue 1, (pp. 4 - 18)
Keywords: Corporate finance, Litigation
Best regards
 
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It is commonly accepted that 2/10 is the average ratio of sales efficiency. However, where this figure comes from?
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Thank you Lall
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I am writing my proposal for the topic: intellectual property education in higher education in Zimbabwe and am struggling to find a theoretical framework or conceptual framework.
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You can check out my new book and particularly read chapter 1 and 2 to give you an overview of copyright and  media piracy problems today and broaden your perspective on IPR infringement which might help your study. It is published at SpringerLink: http://www.springer.com/in/book/9789812879202 or view the unedited chapters in my profile. Thanks and good luck!
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In a case of Coal India v. Gulf Oil the Competition Appelate Tribunal (COMPAT) has laid down that the bidders were engaged in the bid rigging. they all colluded and boycotted the e-reverse auction. but is this anything to do with reverse auction by setting a ceiling limit for prices as a policy of government?
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Hi Ankita,
Collusion is certainly possible in reverse auctions as well, with all kind of limits and thresholds.
I think it depends primarily on two aspects, if we ignore regulatory measures for the moment.
  1. Whether the commodity or service in question is more critical to the seller or the buyer: You have yourself cited the example of COMPAT, where collusion was obviously possible because the bidders had an upper hand. As a counterexample, if the commodity in question is perishable beyond a point, perhaps the sellers would think twice before they collude and waste time. In services that are non-essential, once again the bidders would hesitate to collude, and would rather compete.
  2. The number of bidders who intend to, or who qualify to, participate: If there are too many bidders, collusion becomes difficult automatically.
Limits and thresholds can perhaps reduce the extent to which collusion can occur in a reverse auction (hopefully, based on some sensible judgment and evaluation by the regulatory authority), but I doubt if it can be eliminated altogether !
Maybe an attempt to curtail collusion to acceptable or tolerable levels ??
-Sanjay 
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It is argued that decision to revalue fixed assets is backed by various management motives which also include debt contracting, earning management etc. I hypothesize a relationship between the managements’ decision to revalue fixed assets and the quality of corporate governance of firms? Please share your thoughts and leanings/experience.
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It is notorious that broadcasting is one of the means where free speech and freedom of opinion are made effective, and also it is notorious that it produces positive and negative externalities. The question puts a dilemma, between free speech/freedom of opinion and necessity of stimulating production of positive externalities and inhibiting production of negative externalities.
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Let me use Kenya as an example of the delicate balancing act between the freedom of  speech granted under the new constitution and hate speech laws that have attempted to define what free speech is not. Hate speech that is deemed to be a threat to national security and cohesion is categorised as a negative externality such that under the constitution is not a right of free speech and hence is a legal offence. Constitutional gurantees can act as a safeguard against censorship along with a vibrant civil society and media that continually inform the citizens to actively participate in rejecting censorship that might be a pretext to dictatorial tendencies.
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I would like to have a comparative idea of how is the situación in the different EU Member States. It will be interesting to have different perspectives of how useful can it be the criminalization of cartels in Competición Law. 
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This is  a brief paper for Veronica Pinotti and Martino S. gives you an idea where anti-trust is considered a crime in EU.
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Competition law and international cooperation: Is there a bibliography on the extraterritorial jurisdiction and competition law?
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Searching for literaturę on international cartels and competition law enforcement I haven't found a comprehensive bibliography but it was a couple of years ago. Preparing a paper we were following footnotes. You can find many interesting thoughts in H. First, Evolving toward What? The Development of International Antitrust, in: The Future o f Transnational Antitrust - From Comparative to Common Competition Law, J. Drexl (ed.), Kluwer 2003 or in R. D. Paul, Expanding Extraterritorial Application of U.S. Antitrust Laws: What are the Borders? International Law Practicum, Fall 2003. More literature you can find in footnotes in our article: THE ROLE OF CO-ORDINATION AND CO-OPERATION IN ANTICOMPETITIVE CARTEL LAWS ENFORCEMENT - AN INTERNATIONAL PERSPECTIVE.  It's on the RG but unfortunately only in Polish. There are also interesting U.S. cases in this area.
Best, Mariusz
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Can trade be something else than free? Can trade still be possible in the absence of competition? We all understand the idea of perfect competition which presupposes among other things trade in homogeneous products. In an economy dominated by services and complex products (that can never be homogeneous) comparison between products is not possible on objective bases. We do not buy products, but images that appeal to us and fit to our self image. Would you consider that the notion of trade and competition should be revisited and maybe redefined?
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The trouble with Hobbes' theory has been seen by Spinoza, and that is why he, although agreed with the Englishman in his view of human nature, thought that even power in State should be limited.
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In the field of competition law, the rules concerning the prohibitions against the restrictive practices engaged by two or several undertakings and the abusive practices adopted by one or several undertakings holding a dominant position on the relevant market or on an adjacent one, allow the parallel application of the Articles 101 TFEU and 102 TFEU with the national corresponding provisions. Recently the OFT, the British Competition Authority has introduced new rules on penalties meant to preserve the respect for the right of defence of the undertakings, by avoiding the double jeopardy. You can find these new rules attached below.
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Hi, this is my suggestion, based in general harmonization and not only competition law. It is posible to observe how the difficulty to enact certain EU legislation (because of the complex legislative procedures) has as one of its consequences that EU hard law can be rather "light" in some issues. IT is difficult for all MS to agree in hard-hard- solutions to many issues (consumer protection, for instance). Further, general penal-criminal law is not a EU competence, bur a MS competence. In competition law the EU Commission has long been empowered to impose administrative law sanctions, but, criminal law is a diferent matter.... EF Perez Carrillo
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A new case of the General Court concerning the respect due to the fundamental rights in the field of competition law. Undertakings are most usually no natural persons, but they still have fundamental rights. The matter concerns the rights of defence and right to privacy and the relevant secondary law provision is the following:
Article 20 (4) Reg 1/2003- The Commission's powers of inspection:
Undertakings and associations of undertakings are required to submit to inspections ordered by decision of the Commission. The decision shall specify the subject matter and purpose of the inspection, appoint the date on which it is to begin and indicate the penalties provided for in Articles 23 and 24 and the right to have the decision reviewed by the Court of Justice. The Commission shall take such decisions after consulting the competition authority of the Member State in whose territory the inspection is to be conducted.
It is obvious that the fundamental rights have been considered by the EU law-maker when the Regulation has been passed, but the judicial review of the Commission inspection prerogatives in a specific case is still a possible way to challenge a Commission Decision concerning an infringement of competition law. Any reflections on the Court jurisprudence concerned with fundamental rights and competition rules?
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As stated doctrine, jurisprudence and international law in the case, it is argued that any person holding individual rights, may be taxable moral damage or injury. Similarly it can be said that legal persons or ideal existence can suffer grievances and collective entity that owns certain assets very personal, of course, excluding those rights arising in relations born, the site in the family, and you are depriving people of visible existence (1).
In the office of one of the committees of the "2nd Jornadas Sanjuaninas of Civil Law" (Argentina) said that: "... the people of ideal existence, when suffering an attributes or budgets of their legal status, are entitled to claim compensation for moral damages suffered ... "(2). The truth is that, it is conceivable that people of ideal existence may suffer this type of injury since the same addition to their "economic assets" are subjective rights holders other, making up what is called "moral heritage" , which has an objective content irrespective of the "feel or want" of the holder (3).
Any legal person, interacting through their bodies that govern, administer and represent, with the particularity that celebrates acts must be framed within the objective set out in its charter and special laws of matter (4). We clarify that the term "representation" is used for external relations, ie the links of the legal entity with the third (5). The trend is to ensure a third certainty as to their relationship with the legal entity, allowing those acts performed attributable to the Company and the same way that the damage to that representative will be a legal person.
In the situation of legal persons, there is an apparent inability to act otherwise than through individuals (6). Similarly, factors, administrators and representatives, in the discharge of their duties as such, must act with "loyalty and diligence of a good businessman" (7).
Bibliography
(1) MOISSET DE ESPANÉS, Luis., Daño moral y personas jurídicas, Zeus Córdoba, 1985, T.4, p.134 (Sección comentarios a fallos)
(2) BREBBIA, Roberto H., La lesión del patrimonio moral, Ed. La Rocca, Bs As, 2000, Primera Parte, p.251 y ss.
(3) ORGAZ, Alfredo., El Daño Resarcible, Ed. Bibliográfica Ameba, Bs As, 1960, p. 221 y ss.
(4) RICHARD Hugo, E. y MUIÑO Orlando M., Derecho Societario, Ed. Astrea, Bs.As, 2000, p. 210
(5) GHERSI Carlos A, Teoría general de la reparación de los daños, Ed. Astrea 1997, §. 104, p.211 y ss
(6) LOPEZ DE ZAVALIA, Teoría de los Contratos. Ed. Zavalía, Bs As., 1984, Parte general, p. 308 y ss
(7) RICHARD, Efraín H y ORLANDO Manuel M., Derecho Societario, Ed. Astrea, Bs As. 2000, § 112 p. 229 y ss.
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It is no secret that the European Union law can be characterized by different degrees of integration, all depending on the policy area involved. EU competition law is one of the most integrated areas, with very well established jurisprudence. Time to time, the European Commission, the executive authority in this field of law, issues non-binding legal acts, notices & recommendations, with the pursuit of explaining the law. The role of these acts is an advisory one and the interpretation of law expressed by these Commission documents is, of course, built on the jurisprudence of the EU Courts. The Commission, by publishing and distributing its view of the law, in the form of non-binding legal acts, it creates certain expectations and therefore it is obliged to act accordingly to them. It may create the expectation that a certain type of behaviour is not anti-competitive by its object, or that an undertaking within certain thresholds will not be subject to any allegation concerning an infringement of a specific provision.
In a recent Opinion to a pending case, Expedia Inc, the AG Kokott has maintained that the national authorities and Courts are also obliged to respect the Commission's view of the law, expressed by its Recommendations and Notices., because a different conclusion will lead to an infringement of the general principles of law, foremost:
* the principle of equal treatment
* the principle of duty of sincere cooperation
* the principle of legal certainty
* the principle of level playing field
* the principle of uniform and effective application of EU law.
See points 36-38 in the Opinion attached hereby.
The result can be that a non-binding act becomes 'binding' due to the fundamental pursuit of preserving the respect for general principles of EU law. The national authorities and court are though allowed to adopt a divergent view, if they can justify it and this justification can be judicially reviewed.
This equation could be translated into:
Soft law + Union exclusive competence + Preservation of general principles of EU law = Binding law
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I attach below an article that I have written recently about this case in order to improve the understanding of the problematic inferred by such an issue. My experience shows that at a superficial look, any case is clear and easy, though deeper you explore it and more you try to watch the parties' interests, more difficult it becomes to reach the ideal solution.
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European Union competition law ensures that corporations do not abuse their market power, free competition prevails over cartels and monopolies. But when we track the unfolding of competition in the history of this policy, we are faced with an ambiguous situation. Has competition law really created the desired level field?
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Free what? Where?! There is no free market in Europe, or in the world as a whole. Anywhere you go, you'll find those state-owned companies (or with serious state-participation), particularly in the energy sector or security sector or in sectors of national security significance, which basically live in synergy with the state and cannot exist separated from it. The state dictates the prices, the company dictates the state's policy in certain aspects. And every attempt to challenge the leading position of this company (i.e. competing with it on fair grounds) leads to a swift move from the state to "level" the game. In Europe and USA, of course, the leveling is very well hidden behind bureaucracy and big words, but this doesn't change the facts. Protectionism exists everywhere and even if it sounds bad, it's easy to justify it and even easier to find it. (The first example that comes to my mind is the Airbus - Boeing quarrels in USA. Or the cartels in the EU, which are investigated and investigated and rarely sued)
I think the basic discussion should be on how important is the free market for the prosperity at all. I recently watched a film on the game-theory which inspired the whole idea of the free market. It was a very sobering one, because putting fear and suspicion in the foundation of the "free" society is not something you'd like to admit. Even the comparison with the Darwin theory is not a very good one - after all the biggest prosperity for our civilization comes from the protection of certain human rights, and freedoms which don't follow the survival of the fittest. So obviously, you need some structure, in order for the society to function. You also need certain degree of freedom. The question is what is the optimal balance and which should be the regulating body. Blindly following the ideologists of the cold war is simply a nonsense.
Anyway, back to the EU, any policy in this direction, usually serves only the small and medium scale companies. On the big scale things just follow different rules and any activity on this scale usually involves the governments of the countries involved and also some heavy (and unregulated) lobbyisme. And even when it comes to SMEs, there is an inherent difficulty in going cross-borders when it comes to countries which don't have common borders. Which means that the EC initiatives so far, have not changed significantly the way business is done in Europe. They are just good ideas, with no practical application.
And so far, the EC works in the direction of simplifying the movement of goods across Europe. Which is good, but not enough. Because goods has always moved across the borders, the problem are people. Without a clear way to synchronize the social systems across Europe - not to make them equal, but to make them mobile, people (as in SMEs) will always be hesitant to go cross-border. From which we all suffer, because SMEs are critical to the prosperity of the society.