Emerging Principles of International Competition Law
, by Noonan, ChrisNote: Supplemental materials are not guaranteed with Rental or Used book purchases.
- ISBN: 9780199207527 | 0199207526
- Cover: Hardcover
- Copyright: 3/15/2008
Many firms operate in complex legal environments where several States may regulate the same activity against a background of international law. International competition law has grown in importance as national economies have become more integrated, at the
Dr Chris Noonan is Senior Lecturer at the University of Auckland.
Table of Cases | p. xix |
Table of Treaties and International Instruments | p. xxxvii |
Table of Legislation | p. xlv |
Abbreviations | p. xlix |
Understanding and Reconciling National Interests | |
Introduction | p. 3 |
The Scope of the Study | p. 3 |
The International Competition Law System | p. 3 |
The Inter-relatedness of International Competition Law Problems | p. 4 |
Comprehensive Coverage of International Business Activity | p. 8 |
Complex Solutions and Simple Organizing Principles | p. 11 |
The Terminology of the Internationalization of Law | p. 12 |
Internationalization and Transnationalization | p. 12 |
Cooperation and Coordination | p. 13 |
Harmonization | p. 14 |
The Structure of the Study | p. 17 |
The Fundamental Forces Shaping International Competition Law | p. 21 |
The Almost Anarchical International Competition Law System | p. 21 |
The Nature of International Relations | p. 21 |
The Domestic Political Economy of National Interests | p. 22 |
National Security Interests may Trump Competition Concerns | p. 25 |
The Interests of States in Cooperation on Competition Law | p. 27 |
The Distinction between National and Global Welfare | p. 27 |
International Regulatory Competition Failures | p. 28 |
International Trade Theory | p. 28 |
Underlying Power Relations will Shape the Terms of Cooperation | p. 29 |
The Costs of Cooperation and the Principle of Subsidiarity | p. 30 |
The Concept and Implications of Subsidiarity | p. 30 |
Sovereignty | p. 31 |
Autonomy and Opportunism | p. 33 |
Accountability and Responsiveness | p. 34 |
Legitimacy of Decision-Making Processes | p. 36 |
The Direct Costs of International Cooperation | p. 38 |
The Forms and Facilitators of International Cooperation | p. 40 |
Conditions that Facilitate Cooperation | p. 40 |
Resolving Conflict by Reducing Transaction Costs and Assigning Entitlements | p. 41 |
Options for a Multilateral Competition Law Regime | p. 43 |
The Role of the WTO in International Competition Law | p. 51 |
A New Institution to Coordinate Competition Law Cooperation | p. 55 |
The Inevitably Incomplete Convergence of Competition Laws | p. 59 |
An Overview of Competition Law | p. 59 |
The Common Elements of Competition Laws | p. 59 |
Objectives and Underlying Ideas | p. 63 |
The Influence of Economics | p. 69 |
The Relationship with Industrial and Regulatory Policies | p. 72 |
Competition Law in Developing and Transitional Countries | p. 73 |
The Adoption of Competition Laws by Developing and Transitional Countries | p. 73 |
The Influence of Domestic Circumstances and External Influences on Competition Law | p. 74 |
Competition Law and Development | p. 76 |
Appropriate Institutions and Technical Assistance | p. 79 |
Developing Countries and International Competition Law | p. 81 |
The Inevitably Incomplete Convergence of Competition Laws | p. 83 |
Distinguishing Proselytization from Problem Solving | p. 83 |
Legal Transplantation | p. 84 |
Dealing with Limited Knowledge of Foreign Laws | p. 86 |
Conventions and Model Laws cannot Guarantee Uniformity | p. 87 |
Intellectual Harmonization | p. 89 |
A Marginally Cosmopolitan Conception of Self-Interest | p. 89 |
General Organizing Principles are Missing from Most Proposals for WTO Competition Rules | p. 89 |
The Influence of Ideas on International Relations | p. 90 |
Competition Law and the International Distribution of Wealth | p. 91 |
Global Consumer Welfare as the Guiding Principle | p. 94 |
Conclusion | p. 97 |
The Limited Case for Harmonization to Protect Competitiveness | p. 99 |
Introduction | p. 99 |
The Competition to Upgrade Competitive Advantage through Competition Law | p. 99 |
What is Fair Trade? | p. 99 |
No A Priori Reason not to Apply International Trade Rules to Competition Law | p. 104 |
Competition Law for a Competitive Advantage | p. 107 |
The Competitive Advantages and Disadvantages Resulting from Competition Law | p. 107 |
The Optimal Competition Law with Domestic Distortions and Non-Efficiency Objectives | p. 115 |
Should Harmonization of Competition Law be Required on National Competitiveness Grounds? | p. 118 |
Conclusion | p. 120 |
Models of Regulatory Competition | p. 121 |
Regulatory Competition in Practice | p. 124 |
The Effect of Government Policies on Investment Decisions | p. 124 |
Industry Support for Harmonization | p. 125 |
International Regulatory Market Failures | p. 127 |
A General Race to the Bottom is Unlikely | p. 127 |
Regulatory Redistribution | p. 129 |
Failure of Competition among Competition Law Providers | p. 130 |
Mobility | p. 131 |
Internalization of Benefits and Costs | p. 132 |
Decentralization and Compatibility | p. 135 |
Conclusion | p. 137 |
International Competition Law in a Trade Policy Framework | p. 139 |
The Interface between Trade Law and Competition Law | p. 139 |
Introduction | p. 139 |
Trade and Competition Law Interfaces | p. 139 |
Competition Law within a Trade Policy Framework | p. 143 |
Introduction | p. 143 |
The Complementary Role of Competition Law in Trade and Investment Liberalization | p. 144 |
Competition Law can Facilitate Trade Liberalization Processes | p. 146 |
Competition Law in a Liberalized Trading Environment | p. 148 |
Responses to Foreign and Multinational Anticompetitive Conduct | p. 154 |
Competition Law is a Poor Tool for Strategic Trade Policy | p. 167 |
Transnational Exclusionary and Predatory Conduct | p. 171 |
Application of Competition Law to International Predatory and Exclusionary Conduct | p. 171 |
Lax Competition Rules may Cause the Cross-Subsidization of Exports and Dumping | p. 174 |
Raising Rivals Costs and Market Access Barriers | p. 178 |
Transaction and Compliance Costs | p. 180 |
Costs to Business Understanding and Complying with Multiple Legal Regimes | p. 180 |
Multiple Pre-Merger Review | p. 182 |
Private Market Access Barriers | p. 185 |
Introduction | p. 185 |
Defining Structural Impediments | p. 187 |
Trade Arguments for Competition Law to Protect Market Access | p. 188 |
The Ambiguous Effects of Competition Law on Market Access | p. 191 |
The Welfare Effects of Eliminating Private Market Access Barriers | p. 191 |
Greater Enforcement Efforts could Reduce Imports | p. 195 |
The Need for Internal/External Consistency | p. 198 |
Conclusion | p. 199 |
Transnational Competition Law | |
Competition Law Jurisdiction under International Law | p. 207 |
Introduction | p. 207 |
International Law Limits on National Jurisdiction | p. 209 |
Jurisdiction in International Law | p. 209 |
Types of Jurisdiction | p. 211 |
Public and Private Competition Law Actions | p. 213 |
Bases of Jurisdiction | p. 215 |
The Territorial Principle | p. 215 |
The Nationality Principle | p. 218 |
Other Principles | p. 221 |
Summary | p. 221 |
The Scope of Application of Competition Laws | p. 223 |
Contrasting Approaches to Jurisdiction | p. 223 |
The United States Antitrust Laws | p. 224 |
Historical and Statutory Context | p. 224 |
Judicial and Administrative Jurisdiction | p. 227 |
The Traditional Territorial Analysis | p. 230 |
The Development of a New Jurisdictional Principle in the Post-War Period | p. 231 |
The Formulation of a Rule to Balance between US and Foreign Interests | p. 237 |
Hartford Fire Insurance and Afterwards | p. 244 |
Non-Import Commerce and the Foreign Trade Antitrust Improvements Act | p. 247 |
Merger Cases | p. 269 |
Forum Selection and the Application of Foreign Law | p. 270 |
The European Union Competition Law | p. 273 |
The Economic Entity and Implementation Doctrines | p. 273 |
The Scope of Application of the Merger Regulation | p. 277 |
The Application of Competition Law to Export Commerce | p. 279 |
The Limited Role for Comity | p. 281 |
Private Competition Law Action in National Courts | p. 282 |
Summary | p. 284 |
The Japanese Antimonopoly Law | p. 285 |
Introduction | p. 285 |
Judicial Competence | p. 285 |
Service | p. 287 |
Import Commerce Jurisdiction | p. 287 |
Export Commerce Jurisdiction | p. 291 |
Declining Jurisdiction in Exceptional Cases | p. 292 |
Applying Foreign Law | p. 293 |
Summary | p. 294 |
Conclusion | p. 295 |
International Competition Law Defences | p. 299 |
Introduction | p. 299 |
Sovereign Immunity | p. 300 |
Outline and Justification for Sovereign Immunity | p. 300 |
Sovereign Immunity in United States Antitrust Actions | p. 303 |
Sovereign Immunity in Other Countries | p. 309 |
Conclusions | p. 311 |
Acts of State | p. 312 |
The United States Act of State Doctrine | p. 312 |
Treatment of Foreign Acts of State Outside the United States | p. 326 |
Foreign Sovereign Compulsion | p. 329 |
Foreign Sovereign Compulsion in the United States | p. 330 |
Foreign Sovereign Compulsion in Other Countries | p. 334 |
The Appropriate Scope of the Foreign Sovereign Compulsion Defence | p. 337 |
Petitioning Immunity and Foreign Governments | p. 341 |
The Noerr Doctrine | p. 341 |
Petitioning Immunity in Other Countries | p. 345 |
The Case for Extending Immunity to Petitioning Foreign States | p. 346 |
Conclusion | p. 348 |
The Proper Scope of Transnational Competition Law | p. 351 |
Competition Law in Conflict of Laws Theory | p. 351 |
The Case for Proportionality in Extraterritoriality | p. 351 |
Competition Law Jurisdiction and Multi-State Considerations | p. 351 |
Rejecting Territorial Jurisdiction as the Exclusive Basis for Competition Law Jurisdiction | p. 353 |
Matching Jurisdiction to Policy Interests | p. 355 |
Relevant Effects in the Effects Doctrine | p. 365 |
Fairness and Legitimacy | p. 370 |
Reducing Concurrent Jurisdiction | p. 371 |
Comity is not a Legal Rule that could Reduce Concurrent Jurisdiction | p. 372 |
The General Absence of a Hierarchy of Jurisdictional Bases | p. 373 |
Balancing Tests and Choice of Laws Methods | p. 373 |
International Competition Law Defences | p. 377 |
Improving the Management of Concurrent Jurisdiction | p. 392 |
Difficulty of Agreeing on the Comprehensive Allocation of Competition Law Jurisdiction | p. 392 |
States Need Principles to Guide Unilateral Adoption of Cooperative Conflicts Rules | p. 394 |
Operationalizing Forum Selection as an Alternative to Jurisdiction Restriction | p. 395 |
Extraterritorial Criminal Competition Law Actions | p. 398 |
Private Competition Law Suits | p. 399 |
Bilateral Multilateralism | p. 401 |
Conclusion | p. 402 |
The Internationalization of Competition Law | |
The Competition Rules of the World Trade Organization | p. 405 |
Introduction | p. 405 |
Obligations to Address Anticompetitive Conduct | p. 405 |
The Havana Charter | p. 405 |
GATT Consultations on Restrictive Business Practices | p. 407 |
GATS Consultations on Restrictive Business Practices | p. 409 |
Telecommunications | p. 410 |
Private Bodies with Delegated or Self-Regulatory Powers | p. 415 |
Exceptions to General Rules to Address Anticompetitive Conduct: TRIPS | p. 415 |
Obligations not to Encourage or Compel Anticompetitive Conduct | p. 418 |
Controlling Government Encouragement of Anticompetitive Conduct | p. 418 |
State Trading Enterprises | p. 422 |
Import Monopolies | p. 423 |
Service Industry Monopolies | p. 424 |
Market Access for Services | p. 425 |
Agreement on Subsidies | p. 426 |
Non-Violation Complaints | p. 427 |
Situation Complaints | p. 432 |
Rules Limiting National Competition Laws | p. 432 |
Taming Aggressive Unilateralism in Competition Law | p. 432 |
The Effect of the Antidumping Agreement on Competition Law | p. 444 |
The Effect of the National Treatment of Goods Obligation on Competition Law | p. 448 |
Prohibited Discrimination between Services through Competition Law | p. 455 |
Prohibited Discrimination in Relation to Intellectual Property Rights through Competition Law | p. 456 |
Non-Discrimination as a Core International Competition Law Rule | p. 457 |
Mutual Recognition and Most Favoured Nation Obligations | p. 460 |
Conclusion | p. 460 |
Dispute Settlement and Enforcement | p. 463 |
Introduction | p. 463 |
Private Party Participation in International Competition Law Dispute Settlement | p. 464 |
Panel Proceedings Initiated by Non-Governmental Organizations | p. 464 |
Application of International Competition Law in National Courts | p. 466 |
Participation of Non-Governmental Organizations in Proceedings | p. 468 |
Supervision of Competition Law and Enforcement | p. 471 |
The Constitution of the Panel | p. 471 |
Information Gathering and Analysis | p. 471 |
Reviewing Competition Law Actions | p. 477 |
Remedies | p. 484 |
Disputes over Jurisdiction | p. 487 |
Other Dispute Settlement Options | p. 488 |
Conclusion | p. 491 |
International Enforcement Cooperation and Judicial Assistance | p. 493 |
Remaining Problems and Solutions | p. 493 |
The Evolution of Competition Law Cooperation | p. 494 |
The Types of Enforcement Cooperation Agreement | p. 494 |
Conflict Avoidance and Soft Cooperation | p. 496 |
Competition Law Disciplines in Free Trade Agreements | p. 510 |
Foreign Assistance in Investigation and Analysis | p. 517 |
Introduction | p. 517 |
Exchange of Confidential Information under Enforcement Cooperation Agreements | p. 518 |
Limitations on the Power of National Authorities and Courts to Investigate Conduct Abroad | p. 519 |
Opposition to Unilateral Foreign Investigations and Discovery | p. 524 |
The Limitations of Mutual Legal Assistance Treaties | p. 526 |
International Antitrust Enforcement Assistance Act | p. 528 |
Integration of Trans-Tasman Investigation and Discovery into Domestic Regimes | p. 533 |
Conclusions | p. 533 |
Recognition and Enforcement of Competition Law Judgments | p. 534 |
Recognition and Enforcement of Foreign Judgments | p. 534 |
Blocking and Clawback Statutes | p. 536 |
Obstacles to International Agreement | p. 537 |
The Enforcement and Recognition of Trans-Tasman Competition Law Judgments | p. 538 |
Potential Conflict between Competition Law Remedies | p. 541 |
Positive Comity | p. 544 |
The Concept of Positive Comity | p. 544 |
The Experience under the EC-US Agreement | p. 545 |
Refining and Strengthening Positive Comity | p. 548 |
Coordinating Parallel Investigations | p. 550 |
Coordination of Investigations under the EC-US Agreement | p. 551 |
United States Antitrust Federalism | p. 553 |
Intra-European Union Coordination | p. 554 |
Prerequisites for Improving Coordination of Investigation and Enforcement | p. 555 |
Choosing a Lead Jurisdiction | p. 558 |
The Emerging Principles of International Competition Law | p. 561 |
Select Bibliography | p. 571 |
Index | p. 619 |
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