A discussion of the increasing impact of Chinese companies on the EU and worldwide and how if at all EU competition law should adapt to take this into account.
Can and should EU competition law react to the rise of China? Our guest, Georgios Petropoulos, is an economist who has written extensively on the role of competition law in ensuring fair competition. In this episode, Georgios speaks with John Roberti and Matthew Hall about whether EU competition law and policies should be modified to allow for European champions to compete more robustly, and what other changes might be made. Listen to this episode to learn more about the options—and potential risks—to creating competition law exceptions to meet Chinese competition and the other EU law mechanisms that can be used instead.
Georgios Petropoulos // Bruegel
Georgios Petropoulos blog 15 July 2019 “How should the relationship between competition policy and industrial policy evolve in the European Union?”
European Commission press release 6 February 2019 “Mergers: Commission prohibits Siemens’ proposed acquisition of Alstom”
Statement by Commissioner Vestager on the proposed acquisition of Alstom by Siemens and the proposed acquisition of Aurubis Rolled Products and Schwermetall by Wieland 6 February 2019
Commission Vestager speech 1 April 2019 “Finding the right European industrial strategy”
A Franco-German Manifesto for a European industrial policy fit for the 21st Century
EU Industrial Policy After Siemens-Alstom 18 March 2019
John Roberti, Allen & Overy LLP and Matthew Hall, McGuireWoods London LLP