Features

An interview with Andrea Coscelli

An interview with Andrea Coscelli

04 April 2017

Andrea Coscelli has been interim chief executive of the UK’s Competition and Markets Authority since July 2016, following the resignation of previous head Alex Chisholm. He spoke with Tom Webb in late January about how the agency has recently boosted enforcement, prioritised that work relative to its market investigations – and begun to look at the use of interim remedies

An auto parts Q&A with John Majoras

02 April 2017

Jones Day partner John Majoras became involved in the global auto parts cartel investigation from its earliest days, advising parts maker Yazaki after the US Department of Justice announced its wire harnesses investigation with a series of search warrants and raids. Now, as the investigation slowly winds down, GCR data reporter Denise Nzeyimana asks Majoras how he saw the case unfold and what he thinks its ultimate legacy will be.

Driving to dusk

Driving to dusk

01 April 2017

As the sun begins to set on the global auto parts investigation, Ron Knox examines the conspiracy’s enormous bill (so far!), how the world’s antitrust enforcers got to this point and where the investigation goes from here.

China's competition bar

02 March 2017

China’s competition enforcement regime is up and running, and a slew of lawyers have sprung up to take care of the toughest cases in a unique environment. Tom Webb meets the movers and shakers of the Chinese antitrust bar.

Light at the end of the tunnel?

02 March 2017

It’s easy to be a doom-monger about Chinese competition enforcers’ approach to fairness and due process, and to bemoan their lack of sophistication. But they appear to be moving in the right direction – at least for now. Tom Webb reports

A fresh start in Argentina

02 March 2017

Over the last decade, Latin America has become a hotbed of antitrust. From stalwarts such as Brazil to up-and-comers like Chile or Colombia, a host of antitrust authorities across the continent have sought to make their mark through aggressive and increasingly sophisticated enforcement, close scrutiny of problematic deals and policy interventions designed to boost or even create competition culture.

Interesting times at the CMA

02 March 2017

For one of the world’s leading competition enforcers, handing down only two behavioural fines in 2015 wasn’t a great look, especially compared to the now-defunct UK Office of Fair Trading’s appetite for enforcement.

A populist now: What can antitrust do for inequality?

A populist now: What can antitrust do for inequality?

02 March 2017

In the past year, a chorus of voices on the political left in the US has called for more aggressive competition enforcement as a means to help remedy the problem of inequality, while controversial political candidates in both parties have blamed lax international trade rules for unemployment and other voter woes. Pallavi Guniganti and Ron Knox explore what antitrust might be able to do for some of the concerns that drove the wildest presidential election in living memory.

Common stock ownership: sound investing or antitrust violation?

02 March 2017

Investors’ diversification of their portfolios by buying stakes in companies across industries and within the same industry is generally seen as a positive – a way to decrease the risk of putting too many eggs in one basket, while generating steady returns. Yet when an investor’s influence grows within a specific sector, it conjures competition concerns.

Rough waters ahead

02 March 2017

The shipping liner industry faces a gloomy future. Earlier this year, the Oetker Group said several companies will be forced to take further steps for a sustained cost reduction, by continuing to exploit economies of scale and make further efficiency improvements to their processes. The nature of these changes, including further market consolidation, has the potential to reshape the battleground between competition enforcement and liner shipping.