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  3. Antitrust Law amidst Financial Crises
  • This book is no longer available to purchase from Cambridge Core
  • Cited by 6
Publisher:
Cambridge University Press
Online publication date:
January 2011
Print publication year:
2010
Online ISBN:
9780511761843
DOI:
https://doi.org/10.1017/CBO9780511761843
Subjects:
Financial Law, Law, Competition Law
Information

Book description

The ultimate goal of competition law is to promote competition and, in most jurisdictions, to enhance consumer welfare. Competition policy may be set aside due to special and exceptional circumstances, such as a financial crisis that threatens the stability of an economy. It is therefore important to have a clear understanding of competition law and the exceptions to it. The key issue that this book addresses is whether a financial crisis can justify the adoption of a more lenient approach to established legal standards as a result of the risks of the systemic crisis to the entire market. It provides an analysis of exceptions to competition law and policy, particularly in the context of a financial crisis, explores the rationale of competition law in the light of conflicting interests, and serves as a valuable practical guide for policy makers as well as practitioners in the field.

Reviews

'… extremely timely … raises interesting questions about how flexible competition enforcement should be in view of the difficulties faced by companies in the global downturn. … I welcome Dr Kokkoris' and Dr Olivares-Caminal's contribution to this discussion …'

Philip Lowe - Director General, DG Competition, European Commission

'This book is the first comprehensive analysis …'

Frederic Jenny

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