GCR Live: Experts tussle over importance of complex competition economics

13 November 2012

Panellists sparred passionately at a lively debate on the merits of sophisticated economics in competition enforcement at GCR Live's 4th Annual Brussels conference. Faaez Samadi in Brussels

GCR Live: DG Markt to reform rating agencies and auditing

14 November 2012

Jonathan Faull, the European Commission’s director general of internal market and services, has said DG Markt is developing a reform of the rating agencies and auditing markets in cooperation with DG Comp. Stefano Berra in Brussels.

GCR Live: Legal privilege top of in-house counsel aggravations

15 November 2012

A panel of in-house counsel led by Visa’s Vanessa Turner highlighted the five things about competition law that annoy them most, with enforcers’ approaches to compliance and legal privilege high on the list. Stefano Berra in Brussels.


John Davies

Freshfields Bruckhaus Deringer

Derek Ridyard

RBB Economics

Keynote Speaker

Jonathan Faull

Director General, Internal Market and Services, European Commission


George Addy

Davies Ward Phillips & Vineberg

Peter Alexiadis

Gibson Dunn & Crutcher

Stephan Barthelmess

Cleary Gottlieb Steen & Hamilton

Sir Christopher Bellamy QC


Simon Bishop

RBB Economics

Margaret Bloom

Freshfields Bruckhaus Deringer

Oliver Bretz

Clifford Chance

Peter Camesasca

Peter Camesasca Advocaat BVBA

Lorenzo Coppi

Compass Lexecon

Kaarli Eichhorn

General Electric

Deborah Feinstein

Arnold & Porter

Amelia Fletcher

Office of Fair Trading

Giulio Federico

Chief economist's team, DG Comp, European Commission

Niamh Grogan

Lloyds Banking Group

Jacques-Philippe Gunther

Willkie Farr & Gallagher

Marc Hansen

Latham & Watkins

Ronan Harty

Davis Polk & Wardwell

Maria Jaspers

Head of unit, DG Comp, European Commission

Frédéric Jenny

ESSEC Business School and judge of the Cour de Cassation, France

Nicole Kar


Assimakis Komninos

White & Case

William Kovacic

George Washington University Law School

Nick Levy

Cleary Gottlieb Steen & Hamilton

Munesh Mahtani


Andrew McBride

BHP Billiton

Adrian Majumdar

RBB Economics

Francesca Mazza

DIS (German Institute of Arbitration)

Jean Meijer

Bowman Gilfillan

Samantha Mobley

Baker & McKenzie

Alastair Mordaunt

Clifford Chance

Dr Gunnar Niels


Jorge Padilla

Compass Lexecon

Paolo Palmigiano

Lloyds Banking Group

Luca Radicati di Brozolo

Bonnelli Erede & Pappalardo

Gaucho Rasmussen


Nigel Rawding

Freshfields Bruckhaus Deringer

Pierre Régibeau

Charles River Associates

Ramsey Shehadeh


Emily Smith


Trevor Soames

Shearman & Sterling

Christoph Stadler

Hengeler Mueller

Christopher Thomas

Hogan Lovells International

Deirdre Trapp

Freshfields Bruckhaus Deringer

Vanessa Turner

Visa Europe

Sven Voelcker

Wilmer Cutler Pickering Hale and Dorr

Frank Wijckmans

Contrast Law

Matthew Weiniger

Herbert Smith Freehills

Johan Ysewyn

Clifford Chance

CPD points

The conference has been accredited with 12 CPD hours from the SRA.


GCR Live Brussels – the conference about the bigger picture

13 and 14 November


8.30am: Registration and Coffee

9.00am: Chairs’ welcome

John Davies, Freshfields Bruckhaus Deringer

Derek Ridyard, RBB Economics

9.10am: Session one: fines – time for a re-think?

It’s one of the open secrets of practising EU competition law that fines are nigh impossible to predict with accuracy. Stories circulate of lawyers leaving meetings amazed at how high or sometimes low a client’s fine turned out to be. So … why? And what can be done about it? This session will consider whether a) it’s time for a rethink and b) what better approaches to fining might be.

Chair: Gunnar Niels, OXERA


Marc Hansen, Latham & Watkins

Nicole Kar, Linklaters

Jacques-Philippe Gunther, Willkie Farr & Gallagher

Maria Jaspers, Head of unit, DG Comp, European Commission

10.30am: Coffee

11.00am: Session two: Oxford Union-style debate – is economics helping?

Motion: “this house believes that arrival of increasingly sophisticated economics is not helping antitrust enforcement”

Two teams have 24 minutes a piece to argue for and against the motion to a panel of three adjudicators. They will then respond to questions put by the judges, and from the debate’s chair, before the judges give their decision and reasons for it.

Chair: Margaret Bloom, Freshfields Bruckhaus Deringer



Sir Christopher Bellamy QC, Linklaters

Simon Bishop, RBB Economics


William Kovacic, George Washington University Law School

Amelia Fletcher, Office of Fair Trading


George Addy, Davies Ward Phillips & Vineberg

Frederic Jenny, Professor of economics ESSEC Business School and judge at the Cour de Cassation

Jean Meijer, Bowman Gilfillan

12.30pm: Lunch

1.30pm: Session three: merger simulation v UPP – what’s the difference?

The session will consider the relationship between the two approaches to allocating the unilateral pricing effects that are arise from a proposed merger, with speakers debating 1) are they related? How? 2) Which is the most appropriate for screening mergers in phase one? 3) Which provides a more accurate prediction of the price-impact of a merger?

Chair: Jorge Padilla, Compass Lexecon


Deborah Feinstein, Arnold & Porter

Adrian Majumdar, RBB Economics

Alastair Mordaunt, Clifford Chance

2.55pm: Session four: Arbitration and competition law – where are we now?

It is 12 years since the ECJ affirmed the arbitrability of EU competition law in Eco Swiss. So how is reality living up to the expectation of back then? Leading names from the world of international arbitration will discuss the story so far and explain what arbitration can do for the world of competition at this point in time.

In particular they’ll examine:

  • The frequency with which competition law arises for arbitrators. Is it arising more as an ancillary issue than the main dispute?
  • Procedural issues a competition law point creates
  • Selecting the ideal arbitrator – are there individuals who are becoming known for matters with a competition law element?
  • How to use experts effectively
  • The value of awards – are any problems arising at the enforcement stage?

Chair: Nigel Rawding, Freshfields Bruckhaus Deringer


Luca Radicati di Brozolo, Bonnelli Erede & Pappalardo

Assimakis Komninos, White & Case

Francesca Mazza, DIS (German Institute of Arbitration)

Matthew Weiniger, Herbert Smith Freehills

4.25 pm: Coffee

4.45 pm: Session five: should the EU have stepped into the smart phone wars?

EU competition officials don’t have the best record when it comes to playing the role of price regulator. With that in mind, was it wise for the EU to open an investigation of Motorola and thereby step into the middle of the smart phone wars? Speakers will present arguments for and against competition agencies entering this difficult, IP-rich territory.

Chair: Stephan Barthelmess, Cleary Gottlieb Steen & Hamilton


Sven Voelcker, Wilmer Cutler Pickering Hale and Dorr

Peter Camesasca, Peter Camesasca Advocaat BVBA

Peter Alexiadis, Gibson Dunn & Crutcher

Pierre Régibeau, Charles River Associates

6.10 pm: Chairs' wrap of day

John Davies, Freshfields Bruckhaus Deringer

Derek Ridyard, RBB Economics

6.30 pm: Cocktail reception hosted by Hogan Lovells International


9.00am: Chairs' welcome

John Davies, Freshfields Bruckhaus Deringer

Derek Ridyard, RBB Economics

9.05am: Session one: banks and financial services providers - they may be unloved, but are they really anti-competitive?

A session built around individuals with first-hand knowledge of recent and live competition cases in the financial sector. They will debate, panel-style, the reasons underlying the antitrust agencies' increased interest in financial services cases and the legal, economic and regulatory issues that arise in practice as a result.

Expected to discuss:

  • Thomson Reuters article 102 case
  • Deutsche Borse/NYSE Euronext
  • Concerns voiced about the actions of rating agencies

Chair: Nick Levy, Cleary Gottlieb Steen & Hamilton

Keynote Speaker:

Jonathan Faull, Director General, Internal Market and Services, European Commission


Niamh Grogan, LLoyd's Banking Group

Emily Smith, HSBC

Lorenzo Coppi, Compass Lexecon

Johan Ysewyn, Clifford Chance

10.30am: Coffee

10.50am: Session two: contracts that refer to competitors – what is the theory of harm?

The session will discuss how to analyse the impact of contracts that reference competitors- following recent cases enforcement agencies have struggled to fit theory of harm to facts. Should such arrangements be pursued as horizontal cartels, vertical restraints with (possibly) uncertain effects, or none of the above? The session will also discuss MFN clauses in contracts, and information exchange between competitors.

Cases likely to be discussed

  • FMCG – Germany
  • Trucks – UK
  • Tobacco – UK

Chair: John Davies, Freshfields Bruckhaus Deringer


Amelia Fletcher, Office of Fair Trading

Christoph Stadler, Hengeller Mueller

Frank Wijckmans, Contrast Law

Ramsey Shehadeh, NERA

Gaucho Rasmussen, Tesco

12.25pm: Lunch

1.45pm: Session three: GCR Live symposium session* – aka, a huge question and answer session with advance preparation

The conference will break into a free-for-all symposium session, in the style that’s used with great success in a few other fields of specialist law.

How this session works: The idea of the symposium is to set up a rolling discussion based around pre-submitted questions.

GCR will collect topics and questions in advance from audience members than then circulate them to all concerned a few days before the event

On the day, the chairs will select a topic from the bundle and then invite whoever submitted it to introduce it from the floor. Other members of the audience, and a panel on stage, will then debate the topic until it has run its course, when a new topic will be teed-up the same way.

Questions can be submitted on any area of antitrust law, economics or practice. The session will run for an hour and a half

*this part of the programme will be Chatham House rule

Oliver Bretz, Clifford Chance

John Davies, Freshfields Bruckhaus Deringer

Derek Ridyard, RBB Economics

Ronan Harty, Davis Polk & Wardwell

Samantha Mobley, Baker & McKenzie

Deborah Feinstein, Arnold & Porter

Trevor Soames, Shearman & Sterling

Christopher Thomas, Hogan Lovells International

Jean Meijer, Bowman Gilfillan

3.15pm: Coffee

3.45pm: Session four: what frustrates in-house counsel about antitrust enforcement and advice?”

A panel of in-house counsel will prepare individual lists of “the five things that cause me the greatest aggravation when it comes to antitrust law.”

Topics expected to come up include:

  • Privacy and privilege – including status of privilege for lawyers from third-party jurisdictions who’ve advised on patent strength
  • Successor-parental liability
  • Extra-territorial discovery

Chair: Vanessa Turner, Visa Europe


Andrew McBride, BHP Billiton

Kaarli Eichhorn, General Electric

Paolo Palmigiano, Lloyds Banking Group

Munesh Mahtani, Google

5.10pm: Chairs' wrap and predictions based on day two

John Davies, Freshfields Bruckhaus Deringer

Derek Ridyard, RBB Economics

5.30: Conference Closes


The Stanhope Hotel, Rue du Commerce 9, Brussels, B-1000, Belgium


  • "I learned a was an honour to attend this conference"

  • "The conference was well presented. I particularly enjoyed the live symposium session and found the in-house counsel session very informative"

Ticket Prices

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