Global Competition Law and Economics

Global markets have made antitrust law global as well. With mergers requiring approval in multiple jurisdictions, cartels in one nation affecting supply in others, and countries entering into treaties about the content or enforcement of competition laws, firms and antitrust lawyers no longer have the luxury of considering only the antitrust regulations of one nation. Antitrust law worldwide is also increasingly economic in its approach to analysing antitrust and competition policy.

In the four yearssince the first edition, the globalization of antitrust law has continued apace. China has adopted an antitrust law. The EU has adopted a new Treaty, new guidelines on non-horizontal mergers, new regulations and guidelines on vertical agreements, and a Guidance Paper on abuses of dominance. In the US there have been important new Supreme Court cases (the 2009 Linkline and 2010 American Needle decisions) and the incorporation of modern economic approaches in the revised 2010 U.S. Merger Guidelines. This edition addresses new developments not only in the US and EU, but also in Australia, Brazil, Canada, Israel, Japan, South Africa, and South Korea. It also expands its coverage to add not only China's new antitrust law, but also the antitrust laws of Argentina, Chile, Colombia, Egypt, India, Indonesia, New Zealand, Peru, Russia, Saudi Arabia, Singapore, Taiwan, Thailand, Turkey, and Venezuela.

This is the most global and economically sophisticated antitrust casebook on the market. Addressed to students from all jurisdictions having competition laws, it will also serve as a useful reference for practitioners, competition officials, and policy-makers interested in competition law anywhere in the world.

Einer Elhauge is Petrie Professor of Law at Harvard Law School.Damien Geradin is a partner at Covington & Burling. He is also a Professor of Competition Law and Economics at Tilburg University, and a Cook Global Professor at the University of Michigan Law School.