Administrative Law

Download Antitrust Law amidst Financial Crises by Ioannis Kokkoris PDF

By Ioannis Kokkoris

The last word objective of pageant legislation is to advertise festival and, in such a lot jurisdictions, to augment shopper welfare. pageant coverage could be put aside as a result of targeted and unprecedented situations, comparable to a monetary difficulty that threatens the steadiness of an financial system. it truly is accordingly vital to have a transparent figuring out of festival legislations and the exceptions to it. the foremost factor that this ebook addresses is whether or not a monetary concern can justify the adoption of a extra lenient method of demonstrated criminal criteria due to the hazards of the systemic obstacle to the whole industry. It offers an research of exceptions to festival legislation and coverage, quite within the context of a monetary problem, explores the reason of festival legislations within the mild of conflicting pursuits, and serves as a beneficial sensible consultant for coverage makers in addition to practitioners within the box.

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Additional resources for Antitrust Law amidst Financial Crises

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The chapter also evaluates the application of state aid policy during the financial crisis and will conclude with a critical assessment of the role and effectiveness of state aid policy during the crisis. The chapter will analyse the circumstances under which crisis cartel agreements should be accepted as a means to mitigate the adverse impact of crisis in a given sector. This chapter will also present the welfare objectives as well as the aims of competition policy in major jurisdictions. The aim of the chapter in a nutshell is to analyse how an anti-competitive merger, a 12 antitrust law amidst financial crises crisis cartel or a particular type of aid can provide the means to tide companies over a financial crisis.

For the purposes set out in Article 2, the activities of the Member States and the Community shall include, as provided in this Treaty and in accordance with the timetable set out therein, the adoption of an economic policy which is based on the close coordination of Member States’ economic policies, on the internal market and on the definition of common objectives, and conducted in accordance with the principle of an open market economy with free competition. The ECJ has argued that the Articles in the EC Treaty ensuring that competition is unhindered are ‘a fundamental provision .

Systemic crisis, macroeconomic instability and so on). Turning to each chapter in detail, the first chapter will present an overview of competition law and policy and will place significant emphasis on US and EU legislation regarding mergers and cartels. This chapter will not purport to provide an exhaustive analysis, but an overview of the legislative means that are employed in these jurisdictions to address anti-competitive conduct. The origin of the competition legislation in these jurisdictions is essential to understanding the approach that they take in dealing with mergers, cartels and state aid in periods of crisis.

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