News

06-12-2019
GCR 2020: Phase II merger reviews dominate the Finnish field of economics in competition law

In recent years, Phase II merger reviews have dominated the Finnish field of economics in competition law. Economists at the Finnish Competition and Consumer Authority (FCCA) are heavily involved in any large merger review.

In December 2018, the FCCA brought its first cartel case to the Market Court since early 2016, breaking its period of silence. In early 2019, the FCCA also finished its almost five-year investigation in the alleged abuse of dominance case in the financial sector, without finding evidence of abuse. Even more recently, the Supreme Administrative Court upheld the FCCA’s findings of two cartels: the federation for bakeries and in bus transport. With its new Director General, the FCCA has also been more active in the media. Additional resources have been allocated to the authority resulting in the establishment of the Market Research Unit.

Learn more in the Handbook of Competition Economics’ chapter on Finland, written by Emmi Martikainen, Anssi Kohonen, and Kalle Kantanen.

An extract from GCR’s Competition Economics Handbook 2020, first published in November 2019. 

For further information, please contact Emmi Martikainen

05-12-2019
GCR 2020: The role of economic analysis seems to vary in Latvia depending on the type of case and investigation

Copenhagen Economics has interviewed economists from the Competition Council of Latvia (CC), as well as a handful of prominent competition law firms for the chapter on Latvia. 

The role of economic analysis seems to vary depending on the type of case and investigation; in merger control and in sector inquiries, economics has played an increasingly larger role in recent years. The number of mergers that move to Phase II investigation is still quite small. Abuse cases are often settled with the parties, meaning that there are few follow-on damages cases. The priority of CC seems to be bid-rigging in public procurement and government activity in market operations. However, the role and importance of economic analysis in these cases is limited.

Learn more in the Handbook of Competition Economics’ chapter on Latvia, written by Emmi Martikainen and Mindaugas Cerpickis.

An extract from GCR’s Competition Economics Handbook 2020, first published in November 2019. 

For further information, please contact Emmi Martikainen

04-12-2019
GCR 2020: The use of economic analysis in competition law cases in Estonia is limited

Copenhagen Economics has interviewed ECA and several esteemed Estonian competition lawyers for the chapter on Estonia. The findings show that the use of economic analysis in competition law cases is still quite limited in Estonia.

For example, in mergers, structural analysis and a focus on concentration levels seem the predominant paradigm. Cartels are criminalised in Estonia, which raises the burden of proof. There have not been any follow-on cartel damage cases. It is an Estonian particularity that there are many excessive pricing cases, with the Estonian Competition Authority (ECA) also being the price regulator in many industries. The knowledge and experience from price regulation cases has led to many excessive pricing cases and affected the economic methods used. The ECN+ directive could, however, lead to economics having larger role investigations.

Learn more in the Handbook of Competition Economics’ chapter on Estonia, written by Emmi Martikainen and Anssi Kohonen.

An extract from GCR’s Competition Economics Handbook 2020, first published in November 2019.

For further information, please contact Emmi Martikainen

02-12-2019
GCR 2020: The demand for competition economics in the Norwegian market is increasing

The Norwegian Competition authority (NCA) continues to emphasise economic analysis in their decision-making. The continued importance of economic analysis maintains the demand for advanced economic advice both in terms of stand-alone analysis and in terms of helping clients in the dialogue with the NCA during a case.

The new development of significantly larger fines combined with notification obligations, even for minority acquisitions, may be the beginning of a new era of stricter competition law enforcement. This trend may increase the demand for economic analysis even further. 

Learn more in the Handbook of Competition Economics’ chapter on Norway, written by Henrik Ballebye Okholm and Erik Lindén.

An extract from GCR’s Competition Economics Handbook 2020, first published in November 2019.

For further information, please contact Henrk Ballebye Okholm

29-11-2019
Asger Lunde appointed Partner

We are happy to announce that Asger Lunde is appointed Partner in Copenhagen Economics.

Asger Lunde is a very strong capacity in the field of quantitative analysis and computer science. He will continue to ensure that our analyses meet the highest standards, and that we keep pushing the frontier for how data analysis can assist our clients in policy decisions, in competition cases, and in damage cases.

Asger Lunde has had a very successful academic career and is one of the leading economics professors in Denmark. In 2014, he was among the 100 most influential economists in the world.

“Copenhagen Economics has worked with Asger Lunde for many years, so we know his qualities very well and we are very happy and proud that he has chosen to take this step. It has been a pleasure to follow his development of consultancy skills and commercial mindset and we look very much forward to continuing the journey together”, says Chairman of the board, Henrik Ballebye Okholm.

Learn more about Asger Lunde