Lear is assisting the Association of the Operational Leasing Companies (“ASLO”), an association of companies providing operating lease of motor vehicles and related services in Romania, investigated by the Romanian Competition Council for having allegedly enabled an exchange of sensitive and detailed commercial information among its associates. Continue reading ALLEGED HORIZONTAL AGREEMENT IN THE MARKET FOR OPERATING LEASE IN ROMANIA
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The Italian Competition Authority clears joint bidding by Grifols and Kedrion
On December 12, 2018, the Italian Competition Authority (ICA) found that the agreement between Grifols and Kedrion to submit a joint bid for the contract manufacturing of plasma therapeutic products derived from blood donations was not anticompetitive, but rather enhanced the welfare of the Italian Healthcare System. Continue reading The Italian Competition Authority clears joint bidding by Grifols and Kedrion
The Italian Competition Authority’s investigation against Kedrion and Grifols
The Italian Competition Authority (ICA) has started an investigation into Kedrion and Grifols, two providers of therapeutic products derived from human blood plasma, for their joint participation in a tender launched by the Italian Healthcare System (SSN). The ICA is concerned that the joint bid has unduly restricted competition for the award of the tender. Continue reading The Italian Competition Authority’s investigation against Kedrion and Grifols
The first 18 italian companies taking action against the truck cartel
The action for damages has its roots in the European Commission decision that established the existence of a cartel among DAF, Daimler/Mercedes-Benz, Iveco, MAN/Volkswagen, Volvo/Renault and Scania in the market for trucks weighting more than 6 tons from 1997 to 2011, fining it with the highest sanction ever imposed on a cartel for 3.8 billion euros. Continue reading The first 18 italian companies taking action against the truck cartel
Lear Competition Note: Non c’è da raccontare storie, serve una storia! Intese per oggetto e analisi economica
The note comments on the recent decision by the Administrative Tribunal of Lazio, which overturned the decision n. 25382 by the Italian competition authority (AGCM). The note focuses on two principles outlined by the Tribunal in its decision: Continue reading Lear Competition Note: Non c’è da raccontare storie, serve una storia! Intese per oggetto e analisi economica
ICA’s decision overturned by TAR
The Administrative Tribunal of Lazio has overturned the decision n. 25382 by the Italian competition authority (ICA), whereby it was found that UnipolSai and Generali had infringed Competition Law by entering into an agreement for the provision of insurance services to local public transport companies. Continue reading ICA’s decision overturned by TAR
Paolo Buccirossi at AGCM for a conference on “The economic analysis in the application of competition law”
The Italian Antitrust Authority (AGCM) invited Paolo Buccirossi to the conference “The economic analysis in the application of competition law” that will be held on April 20. Continue reading Paolo Buccirossi at AGCM for a conference on “The economic analysis in the application of competition law”
New publication by Paolo Buccirossi e Giancarlo Spagnolo
New working paper by Paolo Buccirossi and Giancarlo Spagnolo on the relationship between action for damages and leniency programs. Modern antitrust engenders a possible conflict between public and private enforcement due to the central role of Leniency Programs. Continue reading New publication by Paolo Buccirossi e Giancarlo Spagnolo
Lear Competition Note: Statistical significance and the standard of proof in antitrust damage quantification
Following the adoption of the “Practical Guide on Quantifying Harm” by the EC, Courts will increasingly be required to assess whether the econometric model submitted by the claimant meets the required standard of proof or if the model submitted by the defendant suffices for overturning the claimants’ conclusions. Continue reading Lear Competition Note: Statistical significance and the standard of proof in antitrust damage quantification
The Effect of EU Antitrust Investigations and Fines on a Firm’s Valuation
New publication by #LearEconomist Luca Aguzzoni (joint with Gregor Langus and Massimo Motta).
EU antitrust investigations involve a sequence of events which affect the investigated firm’s market value. We model these relationships and estimate their impact on firms’ share prices. Continue reading The Effect of EU Antitrust Investigations and Fines on a Firm’s Valuation