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Here below you find the most read articles over the last week.
The decision to stop Uber operating in London was "disproportionate" and has put thousands of jobs at risk, the prime minister has told the BBC. Read More.
FTC Requires Abbott Laboratories to Divest Two Types of Point-Of-Care Medical Testing Devices as Condition of Acquiring Alere Inc.
Abbott Laboratories and Alere Inc. have agreed to a divestiture of two point-of-care medical device products line in order to settle Federal Trade Commission charges that Abbott’s proposed $8.3 billion acquisition of Alere will cause harm to competition. Read More.
An important part of the Competition and Markets Authority’s (CMA) mission is to make complying with competition law second nature for all businesses, from large FTSE 100 companies to stretched small and medium-sized businesses (SMEs). Our research suggests that businesses are some way from achieving this, however. In fact, when we last asked the question, only one in five of the businesses we surveyed had discussed their compliance with competition law and only 6% had held training sessions on it. Businesses’ understanding of anti-competitive behaviours was also poor, suggesting that the risk of bad behaviours in this area may be high. Read More.
After a lengthy confirmation process, Makan Delrahim has been confirmed by the Senate to serve as the next U.S. Assistant Attorney General for the DOJ’s Antitrust Division. While President Donald Trump originally announced Delrahim’s nomination back on March 27, 2017, the confirmation process has been slowed due to paperwork issues and opposition by some lawmakers in Washington, D.C. over the past few months. Read More.
In spite of the public perception that competition law should be there to intervene directly against excessively high prices, these cases have –maybe for good reasons- been uncommon at the EU level (as explained before, at the national level things are quite different; see e.g. the CMA’s Phenytoin case). A cause and consequence of this situation is the lack of clarity on the applicable legal criteria, which have remained elusive. The prevailing legal test in this area was the fairly subjective “I-know-it-when-I-see-it-approach”. Read More.
The Normative Foundations of European Competition Law Assessing the Goals of Antitrust through the Lens of Legal Philosophy
Oles Andriychuk, University of Stirlingy.
BOOK ABSTRACT: Does the competitive process constitute an autonomous societal value, or is it a means for achieving more reliable and measurable goals such as welfare, growth, integration, and innovation? This insightful book addresses this question from philosophical, legal and economic perspectives and demonstrates exactly why the competitive process is a value independent from other legitimate antitrust goals. Read More.
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