Wednesday 22 May 2019, 1755 Embarcadero Road Palo Alto, California, USA

GCR is delighted to host the inaugural GCR Live Antitrust in the Digital Economy in Palo Alto, California.

E-mail Tel: +44 20 3780 4183

Chairs

Jonathan Orszag

Compass Lexecon, Washington, DC

Jonathan Orszag is a Senior Managing Director and member of the Executive Committee. As a consultant, Orszag has conducted economic and financial analysis on a wide range of complex issues in antitrust, regulatory, policy, and litigation matters for corporations and public-sector entities. These engagements have involved a wide array of mergers and other economic matters in various markets, such as the sports, media, telecommunications, retail, healthcare, financial services, and high-tech industries. He has testified before the United States Congress, U.S. and international courts, the European Court of First Instance, and U.S. and international regulatory authorities on competition and economic policy issues.

Craig Waldman

Jones Day, San Francisco and Silicon Valley

Craig Waldman, who co-chairs Jones Day's global Antitrust Practice, has more than 20 years of experience representing companies in antitrust government investigations, private litigations, and by counseling them on how to manage antitrust risk in daily business activities. Craig's work has included all areas of antitrust including mergers, agreements among competitors, vertical distribution issues, price discrimination, criminal antitrust matters, monopolization, and intellectual property licensing and trade regulation.

He has worked across many industries, including IT hardware and software, networking, electronic design automation, electronic platforms, health care, consumer products, credit cards, financial institutions, medical devices, defense, sports, financial markets, life sciences, oil and gas, retail stores, satellites, telecommunications, tobacco, and transportation.

Keynote Speakers

Bruce Hoffman

Director, Bureau of Competition, Federal Trade Commission, Washington, DC

Bruce Hoffman is Director of the Bureau of Competition at the US Federal Trade Commission. Bruce came to the FTC from Shearman & Sterling, where he was global co-head of the firm’s antitrust practice. Previously, Bruce served as chair of Hunton & Williams’ antitrust practice, and prior to that, as Deputy Director and Associate Director of the FTC’s Bureau of Competition. Bruce has a law degree from the University of Florida, and a bachelor’s degree from Penn State.

Hal Varian

Chief Economist, Google, San Francisco

Hal R. Varian is the Chief Economist at Google. He started in May 2002 as a consultant and has been involved in many aspects of the company, including auction design, econometric analysis, finance, corporate strategy and public policy.

He is also an emeritus professor at the University of California, Berkeley in three departments: business, economics, and information management.

He received his SB degree from MIT in 1969 and his MA in mathematics and Ph.D. in economics from UC Berkeley in 1973. He has also taught at MIT, Stanford, Oxford, Michigan and other universities around the world.

Dr. Varian is a fellow of the Guggenheim Foundation, the Econometric Society, and the American Academy of Arts and Sciences. He was Co-Editor of the American Economic Review from 1987-1990 and holds honorary doctorates from the University of Oulu, Finland and the University of Karlsruhe, Germany.

Speakers

Steven Benz

Kellogg, Hansen, Todd, Figel & Frederick, Washington DC

Daniel Bitton

Axinn, Veltrop & Harkrider, San Francisco

Logan Breed

Hogan Lovells, Washington, DC

Stephen Calkins

Professor of Law, Wayne State University, Detroit

Jamillia Ferris

Wilson Sonsini Goodrich & Rosati, Washington, DC

Patricia Galvan

Assistant Director of the Technology Task Force, Federal Trade Commission, Washington, DC

Ben Gris

Shearman & Sterling, Washington, DC

Renata Hesse

Sullivan & Cromwell, Washington, DC

Benjamin Horwich

Munger, Tolles & Olson, San Francisco

Maureen Ohlhausen

Baker Botts, Washington, DC

Leonardo Peres da Rocha e Silva

Pinheiro Neto, Brasília

Carl Shapiro

University of California at Berkeley- Haas School of Business, Berkeley

Marshall Steinbaum

Assistant Professor of Economics, University of Utah, Salt Lake City

Ingrid Vandenborre

Skadden, Arps, Slate, Meagher & Flom, Brussels

Suzanne Wachsstock

Chief Antitrust Counsel, Walmart, Washington, DC

Daniel Wall

Latham & Watkins, San Francisco

Peter Wang

Jones Day, Hong Kong and Shanghai

Elizabeth Xiao-Ru Wang

Compass Lexecon, Boston and Beijing

Programme

8.30: Welcome coffee and registration

9.00: Chairs’ opening remarks

Craig Waldman, Jones Day, San Francisco and Silicon Valley
Jon Orszag, Compass Lexecon, Washington, DC

9.15: Morning keynote

Bruce Hoffman, Director, Bureau of Competition, Federal Trade Commission, Washington, DC

9.55: Tech deals in turbulent times: merger review in the US, Europe, China and Brazil

Transactions among tech companies continue apace, even as enforcement priorities and philosophies shift around the world. Enforcers and practitioners from Europe, China, Brazil and the US discuss how these antitrust regimes view tech deals and transactions, and address whether shifting views of the power of tech companies will affect merger review.

Moderator:
Ben Gris, Shearman & Sterling, Washington, DC

Panel:
Peter Wang, Jones Day, Hong Kong and Shanghai
Ingrid Vandenborre, Skadden, Arps, Slate, Meagher & Flom, Brussels
Leonardo Peres da Rocha e Silva, Pinheiro Neto, Brasília
Elizabeth Xiao-Ru Wang, Compass Lexecon, Boston and Beijing

11.05: Coffee break

11.30: Some call it “new-Brandeis” some call it “hipster” – either way, is there now such a thing as too big?

Should antitrust enforcers consider taking action to address the economic and social power of the world’s largest tech platforms: Facebook, Amazon, Google and Apple? Leading experts debate if they should be broken up or regulated in some way, and if so, how?

Moderator:
Logan Breed, Hogan Lovells, Washington, DC

Panel:
Carl Shapiro, University of California at Berkeley- Haas School of Business, Berkeley
Marshall Steinbaum, Assistant Professor of Economics, University of Utah, Salt Lake City
Patricia Galvan, Deputy Assistant Director, Federal Trade Commission, Washington, DC
Maureen Ohlhausen, Baker Botts, Washington, DC

12.40: Networking lunch

13.40: Afternoon keynote

Hal Varian, Chief Economist, Google, San Francisco

14.20 Multisided digital platforms after American Express

The Supreme Court’s decision in AmEx looms large over many of the country’s largest digital platforms, all of which operate the same two-sided markets at issue in the American Express case. What are the implications of the Supreme Court’s AmEx decision for market definition in litigations and mergers involving the technology industry? Will a Democrat-controlled House consider a legislative reversal of the decision?

Moderator:
Benjamin Horwich, Munger, Tolles & Olson, San Francisco

Panel:
Suzanne Wachsstock, Chief Antitrust Counsel, Walmart, Washington, DC
Eric Lipman, Senior Counsel, Litigation and Global Competition, Uber, San Francisco
Stephen Calkins, Professor of Law, Wayne State University, Detroit
Jamillia Ferris, Wilson Sonsini Goodrich & Rosati, Washington DC

15.30: Coffee break

15.55: Digital ecosystems: app stores, customers & the Supreme Court

Panellists discuss and analyse the digital ecosystem with a focus on the implications of the Supreme Court’s forthcoming decision in the Apple AppStore case and what that may mean for the relevance of Illinois Brick.

Moderator:
Renata Hesse, Sullivan & Cromwell, Washington, DC

Panel:
Daniel Bitton, Axinn, Veltrop & Harkrider, San Francisco
Steven Benz, Kellogg, Hansen, Todd, Figel & Frederick, Washington, DC
Daniel Wall, Latham & Watkins, San Francisco

16.55 Chairs’ closing remarks

Craig Waldman, Jones Day, San Francisco and Silicon Valley
Jon Orszag, Compass Lexecon, Washington, DC

17.00 onwards: All delegates are invited to a drinks reception kindly hosted by Compass Lexecon

Venue

1755 Embarcadero Road Palo Alto, California, USA 94303

Ticket Prices

Private Practitioner
Type Price Until
Super Early $450 12 April 2019
Early $650 10 May 2019
Standard $850 22 May 2019

 

In-house/Government Representatives
Type Price
Standard $0