The Role of Private Equity Funds in the Troubled Shipping Industry

By Ioannis Yiasemis When considering troubled industries in the current economic environment, one of the most obvious examples is the shipping industry. An indication of the problems faced by shipping companies is the dramatic fall over the past two years in the freight rate (the price at which a certain cargo is delivered from one… More The Role of Private Equity Funds in the Troubled Shipping Industry

The diminishing returns of ever greater profile of competition enforcement

A little over a year ago, I read Alex Chisholm’s speech,[1] the then chief executive of the UK’s Competition and Markets Authority (CMA), which was delivered at the June 2015 annual Chatham House competition conference. In his speech he mentioned a book by Anntje Ottow[2] titled Market & Competition Authorities. Good Agency Principles[3]. As an… More The diminishing returns of ever greater profile of competition enforcement

Challenging the traditional tools for economic analysis in competition cases – 10th Annual IGLR Conference, King’s College London

The following is a report from a presentation by Magali Eben at the International Graduate Legal Research (ILGR) Conference on 4 April 2016. Presenting her idea, Megali Eben suggests that the traditional tools used for defining the relevant market in competition cases can be updated by including personal data among the relevant elements that are… More Challenging the traditional tools for economic analysis in competition cases – 10th Annual IGLR Conference, King’s College London

MiFID 2: Is the New Organised Trading Facility a Real Multilateral Trading Venue?

Chiming KAM[1]   Introduction The European MiFID legislation[2] has successfully put an end to the monopoly of regulated markets (RM) with the introduction of multilateral trading facilities (MTF) in the trade execution business. To make markets more transparent, the new MiFID 2/MiFIR package[3] also adds a new category of trading venue, the organised trading facility… More MiFID 2: Is the New Organised Trading Facility a Real Multilateral Trading Venue?

SYSTEMIC CRISES AND THE COST OF REGULATION: THE DODD-FRANK ACT, THE EU SINGLE RESOLUTION MECHANISM AND UNEXPECTED LESSONS FROM FREE BANKING

Teemu Alexander Puutio[1]   A.  Systemic crises and political capturing   The global meltdown sparked by the 2007–2008 subprime mortgage failures gave momentum to a tidal wave of regulatory reactions. In the United States, Congress’ attempt at reigning in the mavericks of Wall Street came in the form of the ambitious Dodd-Frank Act[i], which aims… More SYSTEMIC CRISES AND THE COST OF REGULATION: THE DODD-FRANK ACT, THE EU SINGLE RESOLUTION MECHANISM AND UNEXPECTED LESSONS FROM FREE BANKING

Human Rights Reporting and the Non-financial Disclosure Regime in Europe

Koen de Roo[1] Business involvement in human rights violations as laid bare by cases such as the 2013 collapse of the Rana Plaza – a building housing clothing factories situated in Bangladesh’s capital Dhaka – has led to the introduction of several legal and non-legal mechanisms which aim to enforce corporate responsibility to respect human… More Human Rights Reporting and the Non-financial Disclosure Regime in Europe

The Luxembourg court does not negotiate: A brief commentary on the OMT ruling (Case C-62/14, Gauweiler)

by Napoleon Xanthoulis[1]   Introduction  On 6 September 2012, the majority of the members of the European Central Bank’s (ECB) Governing Council had every reason to be excited. The time had come to enact the ECB President’s promise made only a few weeks ago, to do “whatever it takes”[2] to protect the single currency from… More The Luxembourg court does not negotiate: A brief commentary on the OMT ruling (Case C-62/14, Gauweiler)

Competition Damages Claims in the UK – Key Changes of 2015

Sylwester Gumienny (PG Diploma in EU Competition Law candidate, King’s College, London)   On 1 October 2015, the Consumer Rights Act 2015 (The Act) came into force, introducing changes to the UK’s competition litigation regime, including changes to the jurisdiction of the Competition Appeal Tribunal (CAT). Simultaneously, CAT’s revised procedural rules came into force[1]. The… More Competition Damages Claims in the UK – Key Changes of 2015