GCR Q2 2019
Change is a constant everywhere, but the degree and speed of change will differ from place to place. This is certainly true for competition law and policy. As the US debates whether to alter its institutions, standard and burdens of proof from the antitrust consensus of the past few decades, other parts of the world are jumping feet first into transformation.
This issue of GCR focuses particularly on the sweeping changes in Asia-Pacific. After a decade of juggling enforcement among three competition agencies, China has combined them into one. Meanwhile, GCR reporter Charles McConnell in Hong Kong watched as the six-year-old Competition Commission came down full force against alleged local cartellists, even as some struggle to marshal the resources to defend themselves. The Australian Competition and Consumer Commission is bringing competition, consumer protection and privacy concerns together to take on technology giants.
Halfway around the world, both the most mature and one of the newest competition regimes in Africa are challenging assumptions about what antitrust can and should accomplish. South Africa has revised and Nigeria has written laws to hit abuse of dominance much harder – putting it closer to par with cartels.
Competition law is not made solely by enforcers. At GCR Live Miami in February, both plaintiff and defence lawyers talked about the ups and downs of private antitrust claims, while the head of Brazil’s competition authority highlighted how his country is encouraging private enforcement. Yet in neighbouring Argentina, the competition bar still sees such litigation very rarely.
Other kinds of revolution that might seem to have little to do with antitrust can nonetheless spill over into this community. As the UK prepares to leave the European Union, London’s competition bar must face the strangeness – and the opportunities – of separation from Brussels. At the same time, Siemens/Alstom has revived the European debate about “national champions”.
In this magazine
- Learning to fly: Hong Kong tries antitrust.
- A third term: Rod Sims's plans for the ACCC.
- China dissolves the walls: One year as one competition authority.
- UK's competition bar: Antitrust in the face of Brexit.
- The EU champions debate: Reactions to Siemens/Alstom.
- Thinking outside the toolbox: South Africa and Nigeria hammer monopolists.
- Argentina's competition bar: The best of Buenos Aires.
- Community news
- GCR Live: Antitrust Law Leaders Forum
- Competition Litigation Roundtable