News

25-01-2021
GCR 2021: The limited role of economics in Estonian competition law enforcement

Copenhagen Economics has interviewed the Estonian Competition Authority (ECA) and five prominent Estonian competition law practitioners for the chapter on Estonia. The findings show that the role of economics in Estonian competition law is limited, and the competition authority’s approach to investigating cases has generally remained unchanged over recent years.

ECA operates both as a tariff regulator and a competition law enforcer, which has resulted in a relatively high number of excessive pricing cases. Although the upcoming implementation of the ECN+ Directive is expected to result in considerable changes in the Estonian Competition Act, the details remain unknown until half a year prior to its implementation. As a result of the ECN+ Directive, the criminalisation of cartels is expected to cease. This should reduce the burden of proof in cartel cases, which will potentially make economic arguments more appealing in court. Consequently, we expect to see more cartel investigations in the future.

Learn more about this story in GCRC’s Enforcer Hub’s chapter on Estonia, written by Anssi Kohonen, Kalle Kantanen and Heidi Partanen.

An extract from GCR’s Enforcer Hub. The whole resource is available here

For further information, please contact Anssi Kohonen

22-01-2021
GCR 2021: Increased demand for advanced economic advice in Norway

Copenhagen Economics has interviewed five prominent Norwegian law firms for the chapter on Norway where we discuss the use of competition economics in the Norwegian market.

With the introduction of larger fines for competition law violations alongside powers allowing for large-scale sectorial investigations, the Norwegian Competition Authority (NCA) has proclaimed a new era of stricter competition law enforcement.

In addition to increasing demand for advanced economic advice in specific cases and in dialogues with the NCA, this development has also placed competition questions at the centre of companies’ compliance work. Compliance with antitrust rules has subsequently increased in importance as an advisory service for the majority of the of the law firms interviewed. The Norwegian lawyers we spoke to generally agreed that the NCA’s priorities and enforcement of competition law are effective in deterring companies from violating the competition law.

Learn more about the GCRC’s Enforcer Hub’s chapter on Norway, written by Henrik Ballebye Okholm and Erik Lindén.

An extract from GCR’s Enforcer Hub. The whole resource is available here

For further information, please contact Henrik Ballebye Okholm

21-01-2021
GCR 2021: Competition economics continues to play an important role in complex mergers in Sweden

For this chapter on Sweden, Copenhagen Economics interviewed the Director-General of the Swedish Competition Authority (SCA) as well as 15 prominent Swedish competition law firms. Their feedback has been compiled in a chapter which investigates four of the most interesting merger and acquisition cases in Sweden over the past year. 

Competition economics continues to play an important role in complex mergers, as economists are often engaged early on in complex merger processes. However, their expertise can also be called upon at a later stage in the case of unexpected Phase II investigations.

Several mergers involving Swedish companies have been brought to the attention of the Commission in the past 12 months, and economics-based evidence has played a prominent role in these investigations. Furthermore, there have been some in the legal profession who have noticed increased third-party activity in relation to merger investigations. Over the past year, the SCA has handled 74 merger filings, four of which progressed to Phase II assessments.

Learn more in GCR’s Enforcer Hub’s chapter on Sweden, written by Anna Möller Boivie, Victor Ahlqvist, and Natasha Hillenius.  

An extract from GCR’s Enforcer Hub. The whole resource is available here

For further information, please contact Anna Möller Boivie

21-01-2021
CE supports client in 100 MHz 5G spectrum win

Drawing on the expert input provided by our team at Copenhagen Economics, our client 3 Sweden has been awarded 100 MHz of valuable 5G spectrum at the Swedish auction for the 2.3 and 3.5 GHz bands.

We advised 3 Sweden during the consultation process and assisted them in the formulation of their winning bid strategy for the auction.

We are delighted that our client managed to win its spectrum at a lower price per MHz than its main competitors.

Learn more about the development

For further information, please contact Senior Economist Neil Gallagher

19-01-2021
Webinar: The Economic Footprint of Swedish Private Equity

On Thursday 21 January, 14.00 - 15.00, Partner Sigurd Næss-Schmidt and Senior Economist Jonas Bjarke Jensen presents the Economic Footprint of Swedish Private Equity at the Swedish Private Equity & Venture Capital Association’s (SVCA) webinar.

On behalf of SVCA, Copenhagen Economics carried out an analysis of how private equity creates value for the Swedish economy and its role in supporting Stockholm’s status as a financial center in the Nordic region.

Sign up emailing info@svca.se

For further information, please contact Senior Economist Jonas Bjarke Jensen