Global Antitrust Law
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Today antitrust law is global antitrust law. Markets are becoming increasingly global, or at least multinational, thus competition law. Mergers between large corporations must typically get approval in both the United States and in the EU and this regardless of the place of incorporations of the merging companies. Cartels in one country affect supply in others, and, as a result, countries, even emerging countries, are setting up their own competition law regimes and are increasingly entering into treaties with each other about the content or enforcement of competition laws. Thus, businesspeople, lawyers, and lawmakers can no longer content themselves with understanding only the antitrust and competition law of their home country. Modern antitrust law also differs from traditional antitrust law in that it now reflects the dominance of the economic model of analysing antitrust and competition policy. At the end of the course, students should be able to: (i) understand how the law governs: a. cartel agreements and concerted practices b. the abuse of monopoly power/monopolisation c. mergers and acquisitions d. state aids (ii) to acquire a basic knowledge of the procedural rules governing the implementation of competition law and policy (iii) apply the law to solve practical problems concerning the control of anti-competitive practices. |
