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SUPPORT STUDY FOR THE EX POST EVALUATION OF EU COMPETITION ENFORCEMENT OF “KILLER ACQUISITIONS” IN THE PHARMACEUTICAL SECTOR

Lear has been appointed by the European Commission to carry out an ex-post evaluation of EU competition enforcement looking at acquisitions of innovative competitors in the pharmaceutical sector that have led to the discontinuation of overlapping drug research and development projects to the detriment of future competition (“killer acquisitions”). Continue reading SUPPORT STUDY FOR THE EX POST EVALUATION OF EU COMPETITION ENFORCEMENT OF “KILLER ACQUISITIONS” IN THE PHARMACEUTICAL SECTOR →

FROM THE CATCHMENT AREA TO THE RELEVANT MARKET. A MODEL OF GEOGRAPHIC MARKET DEFINITION BASED ON CRITICAL LOSS ANALYSIS

The LCN and Inisght discuss the approaches adopted by competition authorities throughout the EEA to define local geographic markets in mergers involving grocery retailers, and identify some systematic flaws in these approaches. We argue that one simple rule for the definition of local geographic markets can be developed based on critical loss analysis, and that this rule is consistent with economic theory on market definition.

The Lear Competition Notes is available  here
Read more on our Insight here

New project for the support of the Antimonopoly Committee of the Republic of Uzbekistan

Lear has been appointed by the European Bank for Reconstruction and Development (“EBRD”) to strengthen the institutional capacity of the Antimonopoly Committee (“AC”), the competition authority of the Republic of Uzbekistan. The aim of the project is to provide training to the staff of the AC focusing on the main economic and legal concepts and practices within competition law enforcement as well as the quantitative and econometric methods in competition analysis. Continue reading New project for the support of the Antimonopoly Committee of the Republic of Uzbekistan →

New CMA Merger Assessment Guidelines inspired by Lear’s recommendations

The Competition and Markets Authority (CMA) has updated its Merger Assessment Guidelines to make its approach to merger assessment more in line with recent developments, especially in the digital landscape. In revising its Guidelines, the CMA paid particular attention to the role that changes in technology have been playing in shaping the way firms compete with one another. The new Guidelines are built on Lear’s recommendations on how to approach the assessment of digital mergers included in the “Ex-post Assessment of Merger Control Decisions in Digital Markets” report. These recommendations were broadly meant to address the risk of under-enforcement in digital markets. Continue reading New CMA Merger Assessment Guidelines inspired by Lear’s recommendations →

PAOLO SPEAKS AT THE 16TH ANNUAL CONFERENCE OF THE GLOBAL COMPETITION LAW CENTRE

The Global Competition Law Centre of the College of Europe will organize the 16th Annual Conference, entitled: “Ex post assessment of European competition enforcement: Did agency intervention restore competition in the market?”.
The event will run online over three consecutive Fridays starting on 29 January 2021. Continue reading PAOLO SPEAKS AT THE 16TH ANNUAL CONFERENCE OF THE GLOBAL COMPETITION LAW CENTRE →