Two thoughts on competition and regulation

19 March, 2011

There is convergence between US antitrust law and EU competition law. But looking and the case law of the courts we have the feeling that we will have quite large differences remaining on some issues. This is clearly and partly the result of the different theoretical assessment of some market structure issues.

Two thoughts I happened to read recently concerning economic crisis and regulation are worthy to share.

“We are leaning [from the crisis] that we need a more active and intelligent government to keep our model of a capitalist economy from running off the rails. The movement to deregulate the financial industry went too far by exaggerating the resilience – the self-healing powers – of laissez-faire capitalism.” Posner, Richard A.: A failure of capitalism : the crisis of ’08 and the descent into depression. (Harvard University Press, Cambridge, Mass., 2009) xii.

“The depression is a failure of capitalism, or more precisely of a certain kind of capitalism (“laissez-faire” in a loose sense, “American” versus “European” in a popular sense), and of capitalism’s biggest boosters.” Posner, Richard A.: A failure of capitalism : the crisis of ’08 and the descent into depression. (Harvard University Press, Cambridge, Mass., 2009) 260.


Two events

7 March, 2011

We will have two great events in English during the upcoming months.

The first one is on the 23rd of March. Scott Crosby is talking on the Criminalisation of Competition Law. After his presentation Péter Mezei (Landwell) will give us a view on the Hungarian aspects of criminalisation of competition law.

The event is sponsored by Réti, Antall és Madl Landwell.

You can register here or by browsing the webpage of the Hungarian Competition Law Research Centre.

You can download the flyer of the event: Download the flyer.

The second event is the annual international conference of the Competition Law Research Centre. This one will be the Third Annual Conference on Competition Enforcement in the Recently Acceded Member State.

As usual this event has its own webpage: www.eccompetitionlaw.eu.

The event is co-organised by the research centre, University of Reading and University of Lazarski and is organised under the auspices of the UOKiK.

The event is sponsored by Hansberry Competition, Wardyński & Partners, White & Case and Wierzbowski Eversheds.