POSTPONED: Timely antitrust intervention in fast-moving markets: thinking out of the (tool)box
- Mr. Martijn Snoep
- Prof. em. Dr. Jacques Steenbergen
- Mr. Daniel Gordon
- Friday 20 March 2020
- Followed by a reception
2511 DP The Hague
This event has been postponed until further notice.
On Friday 20 March 2020, the Europa Institute of Leiden Law School is organizing a panel discussion on the topic: “Timely antitrust intervention in fast-moving markets: thinking out of the (tool)box”. This event inaugurates the Leiden Competition Talks (LCT) - a new series of lectures and panel discussions on current developments and challenges in EU competition law and policy.
The panel will be composed of:
- Mr. Martijn Snoep (Chairman of the Netherlands Authority for Consumers and Markets - ACM)
- Prof. em. Dr. Jacques Steenbergen (President of the Belgian Competition Authority – BMA); and
- Mr. Daniel Gordon (Senior Director Markets at the Competition and Markets Authority - CMA).
The discussion will be moderated by Dr. Ben Van Rompuy, Assistant Professor of Competition Law at the Europa Institute.
Background to the discussion
During her recent confirmation hearing at the European Parliament, Commissioner for Competition Margrethe Vestager was remarkably candid in recognizing that ex post enforcement action under the EU antitrust rules moves too slow to keep pace with digital and other fast-moving markets. Once a market has tipped and network externalities are strong, “fines do not do the trick”, Vestager conceded, and merely putting a stop to unlawful conduct is insufficient to restore effective competition.
In a joint memorandum, the Belgian, Dutch, and Luxembourg competition authorities address this challenge by calling for an expansion of the enforcement toolbox of Regulation 1/2003. They envisage the introduction of an ex ante instrument that would entitle the European Commission and national competition authorities to impose behavioral remedies (such as platform access, data portability, data-sharing, and non-discriminatory ranking) on dominant undertakings in order to prevent them from abusing that position. The proposed instrument is inspired by the EU telecoms regulatory framework and the unique ex ante powers of the UK’s Competition and Markets Authority (CMA) to address competition problems, without the need to identify an infringement of competition law, following market investigations.
The interactive panel discussion will explore the scope and features of the proposed ex ante tool and, more generally, the need for targeted ex ante intervention to keep digital and other fast-moving markets competitive.
Participation is free of charge and open to all, but registration is requires as the number of places is limited. To register please fill in our online registration form.
Leiden Competition Talks
The Leiden Competition Talks (LCT) will provide a regular forum for thought-provoking and lively debate featuring leading academics, practitioners, enforcers, and other competition experts. The talks are organized by the Europa Institute of Leiden Law School and hosted in Leiden or at Leiden University’s campus in The Hague.