GCR October 2010

Journal Feature

The development of UK jurisprudence on hub-and-spoke cartels

Nicholas Levy and Ruchit Patel of Cleary Gottlieb Steen & Hamilton LLP explore recent developments in UK jurisprudence concerning "hub-and-spoke" cartels

Whishful thinking

Heralded as the professor who brought competition law to the masses, Richard Whish’s remarkable career spans academic, public and commercial institutions the world over. Rachel Bull meets him in London to find out more about his story

First antitrust settlements reached with European Commission

The European Commission has handed down its decisions in the first two cases under the new settlement procedure. Clive Stanbrook QC of McDermott Will & Emery in Brussels represented parties in both cases, securing a 10 per cent reduction in fines and achieving a “common understanding” with the commission. He and partner Wilko van Weert discuss the role of the new settlement procedure

Competition comes to Hong Kong

Hong Kong is poised to enact its first comprehensive competition law. Emily Gray looks at the challenges of building an effective enforcement structure in a jurisdiction celebrated as the last bastion of free enterprise

Country Survey: Australia

The evolution of the ACCC

Over the past five years, Australia’s government has instituted sweeping changes to its competition law, bringing it in line with the leading competition and antitrust jurisdictions in the world. The head of Australia’s Competition and Consumer Commission, Graeme Samuel, has worked quietly behind the scenes – and occasionally in the public spotlight –- to ensure they happened. Ron Knox looks back at Samuel’s tenure, and the changes he’s overseen

An interview with Graeme Samuel

With one year left in his tenure as head of Australia’s Competition and Consumer Commission, Graeme Samuel has overseen some of the most notable changes in the history of the agency, including 2007’s introduction of stiffer civil penalties, 2009’s criminalisation of cartel activity, and significant changes to the country’s consumer protection laws. Ron Knox asks him about how those changes – and recent turnover at the commission – have affected the agency

Australia's competition bar

In the ever-changing Australian competition landscape, it takes a nimble law firm to keep up. Ron Knox looks at the competition practices forging ahead

Country Survey: Latvia

Cutting it

Latvia’s Competition Authority has a struggle on its hands: government enthusiasm has dried up since the financial crisis crippled the country and the enforcement agency has suffered serious cuts. But it still manages to pack a punch – Rosalind Donald investigates

Latvia’s competition bar

Since the global financial crisis struck in 2008, Latvia’s GDP has fallen further than any of its European counterparts. M&A has been almost non-existent and the country’s Competition Council has been forced to downsize. For many smaller Latvian competition practices, work has all but dried up. Rosalind Donald investigates the firms that are managing to succeed in straitened times

An interview with Ieva Jaunzeme

Rosalind Donald talks to Ieva Jaunzeme, head of Latvia’s Competition Council, about the authority’s shift towards an economics-based approach to case analysis and the challenges of heading a competition authority hit by severe spending cuts

An interview with Dace Rungevica

Rosalind Donald talks to Dace Rungevica, council member and lawyer for Latvia’s Competition Council

Country Survey: Australia

An interview with Graeme Samuel

With one year left in his tenure as head of Australia’s Competition and Consumer Commission, Graeme Samuel has overseen some of the most notable changes in the history of the agency, including 2007’s introduction of stiffer civil penalties, 2009’s criminalisation of cartel activity, and significant changes to the country’s consumer protection laws. Ron Knox asks him about how those changes – and recent turnover at the commission – have affected the agency

Corporate Counsel

Corporate counsel interview: Susan Jones

Title: Head corporate legal antitrust

Age: 35

Company: Novartis International AG

Previous employment: Senior associate in European & Competition Law at Allen & Overy LLP in Brussels and senior investigator at the Australian Competition & Consumer Commission

Global Briefing

DENMARK: Supreme Court rules on fines for competition law infringement for the first time

Jan-Erik Svensson

Gorrissen Federspiel

Copenhagen

FINLAND: Electricity wholesale market confirmed to be broader than Finland

Christian Wik and Niko Hukkinen

Roschier Attorneys Ltd

Helsinki

ITALY: Italian Antitrust Authority accepts Sky Italia’s commitments

Giorgio Candeloro

Freshfields Bruckhaus Deringer

Rome

ITALY: Italian Antitrust Authority closes dominance investigation against Saint-Gobain in the plasterboard market

Alessandro Greco

Freshfields Bruckhaus Deringer

Rome

KOREA: KFTC establishes “Guidelines on Submission of Economic Analysis Evidence”

Dong-Pyo Hong and Youngjin Jung

Kim & Chang

Seoul

SOUTH AFRICA: Merger between Nedbank Ltd and Imperial Bank Ltd

Desmond Rudman and Lital Avivi

Webber Wetzel

Johannesburg

SOUTH AFRICA: Competition Commission refers price-fixing complaint against tyre manufacturers

Robert Wilson and Heather Mangwiro

Webber Wetzel

Johannesburg

SPAIN: Competition Authority fines nine Jerez winemakers, Fedejerez and the local authority for the Jerez designation of origin

Evelyne Ameye and Teresa Lorca Morales

Gómez-Acebo & Pombo Abogados

Madrid

TAIWAN: Clearance granted to merger among Far EasTone and nine companies with conditions

Stephen C Wu and Yvonne Y Hsieh

Lee and Li, Attorneys-at-Law

Taipei

TAIWAN: Rejection of combination between Uni-president and Weilih

Stephen C Wu and Yvonne Y Hsieh

Lee and Li, Attorneys-at-Law

Taipei

UKRAINE: Foreign-to-foreign transactions: to file or not to file?

Timur Bondaryev and Svitlana Ivasenko

Arzinger

Kiev

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