Centre for Law, Economics and Society (CLES)

EVENTS

26 May 2016
Competition Law in China

7 June 2016
The Digital Economy: Economics, Antitrust and Regulation

8 June 2016, Brussels
Competition Policy at the Intersection of Equity and Efficiency
A special conference honouring the scholarship of Eleanor M. Fox (NYU)

9 June 2016
Getting Merger Control Clearances for Corporate Deals

21-22 June 2016
Innovation, Competition Law and IP Rights

21 June 2016
Competition Law and Inequality

22 June 2016
The Android case(s)

27 July 2016
Digital Currencies, Digital Finance and the Constitution of a New Financial Order

For more information and to view past events, please go to the events pages.

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Contact Us

For general enquiries, please contact:

Tatjana Wingender
Administrator
+44 (0)20 3108 8484
t.wingender [at] ucl.ac.uk

For research project enquiries, please contact:

Professor Ioannis Lianos
+44 (0)20 3108 8346
i.lianos [at] ucl.ac.uk

Events

Please see below for upcoming events. Past events can be viewed here.

UCL Centre for Law, Economics & Society

26 May 2016

Competition Law in China
A one-day CPD course introducing Chinese Competiton Law

Taught by

  • Thomas Cheng, Associate Professor (The University of Hong Kong)
  • David Stallibrass (Fingleton Associates)

Accreditation
6 CPD hours

About the course:

This six-hour short course will give students an introduction to the Chinese Anti-monopoly Law.

The course will cover all the basic aspects of substantive competition law, including restrictive agreements, abuse of dominance, merger review, IP-competition interface, and an area of competition law unique to China known as abuse of administrative monopoly.

Students will be introduced to the leading cases with reference to both private litigation in the courts and administrative enforcement by state agencies.

The course will seek to highlight the similarities and difference between the Chinese Anti-Monopoly Law and competition law in other jurisdictions, such as the EU and the US. In addition, it will set the Chinese law within the broader context of Chinese political and economic development.

The course will include a discussion of the unique context in which competition law is enforced in China and a critical evaluation of the cause and effect of divergence between Chinese and international competition law norms.

Visit the event website for more information and to register.

Jevons Institute for Competition Law and Economics & UCL Centre for Competition, Law & Society

7 June 2016

The Digital Economy: Economics, Antitrust and Regulation

A three-hour CPD course on the Digital Economy

Speaker:
Professor David Evans (UCL / University of Chicago)

Accreditation
3 CPD hours

About the course:

The digital economy has grown vast and now reaches almost every aspect of our lives. Whether consumer, business, or regulator we interact with Internet-based businesses constantly. It is also undergoing a massive transformation, with accompanying disruption, as the PC-web-browser centric ecosystem shifts to a mobile-app-centric ecosystem. That transformation has resulted in the “sharing economy,” the “gig-economy”, and the “app-economy” to use some of phrases that dominate today’s conversations.

This course will cover the unique business models followed by Internet-based companies; explore the changes in market structure that has taken place in the last few years as a result of the move to mobile; and consider some of the key competition policy and regulatory issues being debated today.

The course will consist of three one-hour segments:

The basic economics and technology of Internet-based businesses. This segment will explore the role of multisided platforms and their use of “free” models; advertising-supported models including the role of attention markets; and technological underpinnings of the modern web-based economy.
The move to mobile and its economic and policy implications. This segment will focus on the economics and technology behind the rise of mobile including the economics of the app-based ecosystem and how it differs from the web-based ecosystem.
Competition policy for the digital economy. This segment will examine key competition policy issues, including ways in which the nature of the mobile-based ecosystem could affect competitive constraints and exclusionary practices, and regulatory issues, particularly related to privacy and asymmetric regulation.
The course will draw extensively on examples of competition policy cases involving the digital economy from the US, EU, and China and these will be included in each segment.

Who should attend:
The course is mainly designed for professionals familiar with competition policy and sectoral regulation (lawyers, economists, and officials) but should also be informative for anyone who works for, invests in, must interact with digital economy businesses.

There are no pre-requisites for attending this course.

Visit the event website for more information and to register.

Global Competition Law Centre and UCL Centre for Law, Economics & Society

8 June 2016, Brussels

Competition Policy at the Intersection of Equity and Efficiency
A special conference honouring the scholarship of Eleanor M. Fox (NYU)

About the conference:

This symposium on Competition Law at the Intersection of Equity and Efficiency, co-organized by the Centre for Global Competition Law at the College of Europe and the Centre for Law, Economics and Society aims to discuss Eleanor Fox’s contribution to the field of competition policy. Leading competition law scholars from around the world will comment on Eleanor Fox’s scholarship, reflecting on her legacy, while engaging with the broader debate of the relation between “efficiency” and “equity” in competition law.
The symposium aims to provide critical insights into the work of one of the world’s most prominent competition law scholar of the past four decades by providing leading global competition law experts, Eleanor’s colleagues and friends, the opportunity to engage with the psyche of competition law and the balance, for some, or Faustian Pact for others, it has reached between “efficiency” and “equity”.

Visit the event website for more information and to register.

UCL Centre for Law, Economics & Society

9 June 2016
a one-day CPD course

Getting Merger Control Clearances for Corporate Deals

Course Convenor and Presenters:

  • Kyriakos Fountoukakos (Herbert Smith Freehills LLP)
  • Peter Rowland (Herbert Smith Freehills LLP)
  • Nick Root (Herbert Smith Freehills LLP)

About the course:

Merger control is an essential part of a competition practitioner’s every day work and is also of importance to other advisors (corporate lawyers, bankers) involved in transactions. It needs to be considered in every corporate deal including private acquisitions of whole companies, shares or assets, public takeover bids, minority investments in companies and joint venture agreements. This is because merger control will impact key aspects of a transaction: the transaction time table (“when can I close the deal?”) and even the “deliverability” of a transaction (“can I do the deal?” “Will remedies be imposed?”). More than 100 countries around the world now have merger control laws. Most of them, like the EU regime, are “mandatory” and “suspensory” regimes: a filing must be made and the deal cannot close before clearance has been received from the relevant regulators. Despite the central importance of merger control for competition lawyers, corporate lawyers, investment bankers and businesses, merger control is a topic that is often not taught in detail and from a hands-on perspective in undergraduate or even post-graduate courses.

Visit the event website for more information and to register.

UCL Centre for Law, Economics & Society

21 to 22 June 2016

Innovation, Competition Law and IP Rights

Tutor:

Professor Herbert Hovenkamp,
University of Iowa School of Law and Fellow of the American Academy of Arts and Sciences
Visiting Professor, UCL

Accreditation
The course is accredited with 12 CPD hours by the Solicitors Regulation Authority and the Bar Standards Board. It also constitutes relevant CPD for IPReg.

About the course:

The course will explore the interaction between competition law and intellectual property rights. In the modern knowledge economy undertakings develop a number of strategies to expand their IP rights portfolio and achieve competitive advantages by employing their IP rights in order to exclude competitors or raise their costs, and charge higher prices to consumers. Competition law and IP law disputes are interconnected, as recent litigation in the pharmaceutical sector and the recent patent wars in the IT sector illustrate.

The course will analyze the value of competition law in addressing a variety of practices in innovation-intensive markets, including interconnection in networks, duties to deal, the licensing and distribution of IP rights (standard setting organizations, patent pools), tying, patent assertions by non-practising entities, pay-for-delay (“reverse”) settlements, and the nature of FRAND obligations for standards essential patents (SEPs), as well as injunctive remedies and computation of FRAND royalties, drawing from examples mostly from US law.

The course will also consider the uses and limitations of competition law and policy as a vehicle for promoting innovation and will examine realistic reforms that can be undertaken in IP law and competition law in order to achieve this objective.The course will aim to examine the interaction between competition law and IP law in various sectors of the economy and the practical implications of that interaction for a number of commercial practices.

The course will primarily examine the US systems for competition law and intellectual property rights.

Visit the event website for more information and to register.

UCL Centre for Law, Economics & Society

21 June 2016

Competition Law and Inequality Roundtable

Chair
Prof. Ioannis Lianos, UCL Faculty of Laws; Director, CLES

Speakers:

  • Commissioner Tembinkosi Bonakele (South African Competition Commission)
  • Prof. Damien Geradin (Tilburg University, George Mason University and UCL Faculty of Laws)
  • Prof. Herbert Hovenkamp (University of Iowa Law School & UCL Faculty of Laws)
  • Prof. Morten Hviid (University of East Anglia)
  • Prof. Bill Kovacic (King’s College London, Dickson Poon School of Law & George Washington University)
  • Prof. Bruce Lyons (University of East Anglia)
  • Sean Ennis and Pedro Gonzaga (OECD)
  • Ms. Azza Raslan (World Bank & UCL Faculty of Laws)
  • Prof. Tommaso Valletti (Imperial College London)

About this event:

In his recent book on Inequality: What can be done? professor Tony Atkinson makes the following proposal:

“Proposal 2: Public policy should aim at a proper balance of power among stakeholders, and to this end should a) introduce an explicitly distributional dimension into competition policy; […]”

This proposal raises a number of questions with regard to the way competition law may square with inequality concerns.

First, is the distributional dimension already taken into account in competition law? And if yes, is a “proper” balance of power among stakeholders achieved? Who should define this “proper” balance of power?

Second, are the concepts and instruments of competition law ready for a more pronounced distributional dimension? What would be the concepts and instruments ones needs to develop and the reforms one needs to bring to modern competition law enforcement so as to make it more distributive justice compatible?

Third, how a more proactive distributive justice agenda in competition law may square with the global governance of antitrust and the fact that consumers are mostly found in developed countries (rather than developing ones) and that many of the actions taken by competition authorities may be thought of as focusing only on certain parts of the population with higher than average revenue?

Fourth, is the lack of competition one of the causes of the inequality currently observed in developed countries, such as the Unites States and the European Union?

Fifth, it seems that the growing financialisation of the economy has played some role in exacerbating inequalities. As a CEPR blog report recently noted “(t)he financial sector has seen a moderate increase in its share of the workforce and a dramatic increase in pay per worker (between 1978 and 2000, wages rose 73.7 percent in the financial sector but rose just 12.0 percent in the private sector more generally). These two factors have allowed finance to capture a growing share of wages and made it so most Americans are unable to share in the economy’s gains” ( http://cepr.net/blogs/cepr-blog/the-growth-of-finance-in-graphs ). If this is true, has the lack of an active competition law enforcement with regard to the financial sector for decades played a role? Are the existing competition law tools sufficient, or not, to take into account the growing importance of overlapping financial investor ownership? What can be done to remedy this problem, in case of course this is something one considers to be a priority?

Visit the event website for more information and to register.

The Android Cases – Part of the UCL Centre for Law, Economics & Society Brown Bage Lunch Series

22 June 2016

The Android case(s): A Discussion

Panelists:

  • Prof. Herbert Hovenkamp (University of Iowa Law School)
  • Ass. Prof. Alexey Ivanov (HSE Skolkovo Institute for Law and Development)
  • Dr. Pierre Regibeau (CRA & Imperial College London)
  • Prof. Ioannis Lianos (UCL Faculty of Laws & Director, CLES)

About this event:

Alphabet’s Google’s contractual (and other) practices with regard to Android, an off-the-shelf Operating system (OS) that Original Equipment Manufacturers can freely install on a cell phone or other computing devices, have been at the centre of the enforcement attention of various competition authorities around the world. In 2012, the Ministry of Commerce of the People’s Republic of China (Mofcom) announced its conditional approval of the Google/Motorola merger, some of the conditions raised concerning the licensing of the Android Operating System to hardware manufacturers. In 2013, the South Korean Fair Trade Commission dropped a two-year anti-competition probe into Google’s Android smartphone operations. In 2015, the Russian Federal Antimonopoly Service adopted a decision finding Google “guilty of abusing its dominant position” and requesting Google to make changes in the requirements it puts on its hardware partners. This decision has been recently confirmed on appeal. In April 2016, the European Commission announced that it sent a statement of objections to Google, in which it takes the preliminary view that the company has, in breach of EU antitrust rules, “abused its dominant position” by imposing restrictions on Android device manufacturers and mobile network operators. It was reported that the United States Federal Trade Commission is currently investigating into whether Google unfairly used Android’s strength in the mobile computing market to prioritize its own services over those of competitors. Google responded to these allegations by publishing a statement emphasizing its “model of open innovation”.

The objective of the discussion will not be to address the factual elements of the Android case(s), for which there is little published information, but to reflect on the possible theories that could be advanced by each of the parties and explore the various theories and approaches followed by various competition authorities around the world with regard to a similar set of facts, the link between expertise and politics that underscores the various interventions, and, finally, the broader picture of the global governance of competition law that emerges out of the multiple competition law investigations in these jurisdictions.

Visit the event website for more information and to register.

UCL Centre for Law, Economics & Society

27 July 2016, Athens

Digital Currencies, Digital Finance and the Constitution of a New Financial Order: Challenges for the Legal System


This is the first event of the recently launched research initiative of the CLES@UCL on Digital Currencies, Digital Finance and the Constitution of a New Financial Order.

About this conference:

The conference deals with emergent economic, political and legal phenomena in the field of finance. Therefore, it aims to raise questions and explore innovative connections rather than to give definite answers. It pursues four distinct goals. First, it intends to generate awareness and facilitate a better understanding of the actors, phenomena and dynamics of the new financial order. Second, it explores the economic, political and legal implications that follow from a data-driven financial world. The concept of the performativity of markets offers a great vantage point that can bring together a range of discussions spanning from the legal and political implications of technological change in financial intermediation to even larger questions of monetary governance. Third, these debates will ideally constitute the basis of an edited volume that brings the proceedings of the conference to the attention of a greater public. Fourth, the conference aims to bring together internationally-renowned experts from different fields and disciplines so as to facilitate a discourse that breaks up traditional patterns of intellectual exchange. This is primarily reflected in the composition of the panels.

Visit the event website for more information and to register.

   

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