English Edition 2020 Concurrences REVUE DES DROITS DE LA CONCURRENCE | COMPETITION LAW REVIEW Ce signe indique un article publié dans le supplément électronique Forewords Articles de la revue disponible sur Should digital antitrust be ordo‑liberal? Mobile telecommunications mergers in the EU – Alexandre de Streel, N° 1-2020 Remedies revisited Concurrences Bernd Langeheine, Beatriz Martos Stevenson, Jan www.concurrences.com Politics, digital innovation, intellectual property Przerwa, N° 1-2020 and the future of competition law Accessible sur abonnement Josef Drexl, N° 4-2019 Antitrust and the clash of sovereigns – Bringing under one roof: Extraterritoriality, industrial policy, foreign sovereign compulsion, and (bad) applications of law against “my country’s” firms Interviews Eleanor M. Fox, N° 4-2019 Dirk MIDDELSCHULTE (Unilever): How purpose‑driven business charms a competition practitioner N° 1-2020 International Marina TAVASSI (Milan Court of Appeal): Belgium: The new Book IV of the Code of Economic The development of private enforcement in Italy – Law – Dotting the i’s and crossing The experience of a specialised judge the t’s in competition law rules N° 4-2019 Caroline Cauffman, N° 1-2020 Brexit: Balancing UK and EU merger control Joel Bamford, Aiste Slezeviciute, N° 4-2019 On-Topics Digital & competition Paul Belleflamme, Martin Peitz et al. N° 1-2020 Legal practices Limitation periods in competition law damages Banking and Big Data actions in the EU: Are further clarification Adam Land, Bill Roberts, Stefano Trento, Jorge and harmonisation needed? Padilla, Ingrid Vandenborre, Sheldon Mills, Marc Barennes, Driek Deferme, Michiel Verhulst, N° 4-2019 N° 1-2020 Admissibility of appeals lodged by competitors after the Montessori judgment – La possibilité d’une île Aymeric de Moncuit, Valérie Noël, N° 4-2019 Law & Economics Digital conglomerates and killer acquisitions: A discussion of the competitive effects of start‑up acquisitions by digital platforms Tristan Lécuyer, N° 1-2020 Cartel damages actions in Europe: How courts have assessed cartel overcharges (2019 ed.) Jean-François Laborde, N° 4-2019 Contents This symbol refers to an article published only in the online version of the Review and available for Forewords Law & Concurrences+ suscribers 5 Should digital antitrust Concurrences be ordo‑liberal? Economics Alexandre de Streel, N° 1-2020 www.concurrences.com 64 Digital conglomerates and killer acquisitions: A discussion of 8 Politics, digital innovation, the competitive effects of start‑up intellectual property and acquisitions by digital platforms the future of competition law Tristan Lécuyer, N° 1-2020 Josef Drexl, N° 4-2019 73 Cartel damages actions in Europe: ‘An old chestnut’: Appeals How courts have assessed cartel in competition infringement cases overcharges (2019 ed.) Peter Freeman, N° 2-2019 Jean-François Laborde, N° 4-2019 Competition policy and gender Estefania Santacreu-Vasut, Chris Pike, Interviews N° 4-2019 15 Dirk MIDDELSCHULTE (Unilever): How purpose‑driven business charms a competition practitioner N° 1-2020 Articles Marina TAVASSI (Milan Court of 20 Mobile telecommunications mergers Appeal): The development of private 85 in the EU – Remedies revisited enforcement in Italy – The experience of a specialised judge Bernd Langeheine, Beatriz Martos Stevenson, Jan Przerwa, N° 1-2020 N° 4-2019 102 Antitrust and the clash of Joseph STIGLITZ (Columbia sovereigns – Bringing under one University): Competition policy, roof: Extraterritoriality, industrial the need for a more nuanced view policy, foreign sovereign compulsion, N° 2-2019 and (bad) applications of law against “my country’s” firms Eleanor M. Fox, N° 4-2019 Google and the trans‑Atlantic On-Topics antitrust abyss Digital & competition Christian Bergqvist, Jonathan Rubin, 28 N° 3-2019 Paul Belleflamme, Martin Peitz et al. N° 1-2020 35 Banking and Big Data Adam Land, Bill Roberts, Stefano Trento, Jorge Padilla, Ingrid Vandenborre, Sheldon Mills, N° 4-2019 International Unfair trading practices 114 Belgium: The new Book IV in the food supply chain of the Code of Economic Law – Ignacio Herrera Anchustegui, Ronny Dotting the i’s and crossing the Gjendemsjø, Peter Carstensen, Johan t’s in competition law rules Hedelin, Antonio Miño López, Caroline Cauffman, N° 1-2020 N° 3-2019 2020 English Edition 1 124 Brexit: Balancing UK and EU merger control Joel Bamford, Aiste Slezeviciute, N° 4-2019 Netherlands: Recent developments in cartel damages actions – A roadmap for effective compensation Joost A. Möhlmann, Mark R. Fidder, Till Schreiber, N° 4-2019 Legal practices 133 Limitation periods in competition law damages actions in the EU: Are further clarification and harmonisation needed? Marc Barennes, Driek Deferme, Michiel Verhulst, N° 1-2020 163 Admissibility of appeals lodged by competitors after the Montessori judgment – La possibilité d’une île Aymeric de Moncuit, Valérie Noël, N° 4-2019 Liability for outsourced algorithmic collusion: A practical approximation Lorenz Marx, Christian Ritz, Jonas Weller, N° 2-2019 2 2020 English Edition Committees International Committee Frédéric Jenny l President Concurrences International Committee l Chairman OECD Competition Committee Professor of Economics ESSEC, Paris Christopher Bellamy William Kovacic Solicitor Linklaters, London Professor George Washington Law School, Washington DC Former President Competition Appeal Tribunal, London Koen Lenaerts Josef Drexl President Court of Justice of the European Union, Luxembourg Professor Max Planck Institute, Munich Mario Monti Eleanor Fox Senator Rome Professor New York University Howard Shelanski David Gerber Professor Georgetown University, Washington DC Professor Kent College of Law, Chicago Xioaye Wang Douglas Ginsburg Professor Chinese Academy of Social Sciences, Beijing Chief Judge U.S. Circuit Court for the District of Columbia, Washington DC Professor George Mason University, Washington DC Richard Whish Professor King’s College London Scott Hemphill Professor NYU Law, New York Scientific Committee Laurence Idot l President Concurrences Scientific Committee l Professor University Paris II Panthéon-Assas Virginie Beaumeunier Nicolas Petit Director general DGCCRF, Paris Professor European University Institute Jean-Bernard Blaise Sylvaine Poillot-Peruzzetto Professor Emeritus University of Paris II Panthéon-Assas Advisor Cour de cassation, Paris Christian Bovet Catherine Prieto Professor University of Geneva Professor University Paris I Panthéon-Sorbonne Jean-Yves Chérot Patrick Rey Professor Aix-Marseille University Professor Toulouse School of Economics Emmanuelle Claudel Isabelle de Silva Professor University Paris II Panthéon-Assas President Autorité de la concurrence, Paris Emmanuel Combe Jacques Steenbergen Professor University Paris I Panthéon-Sorbonne Professor Katholieke Universiteit Leuven Vice-President Autorité de la concurrence, Paris President Belgian Competition Authority, Brussels Johannes Laitenberger Marc Van der Woude Judge General Court of the European Union, Luxembourg President General Court of the European Union, Luxembourg Bruno Lasserre Wouter Wils Vice-President Conseil d’Etat, Paris Hearing Officer European Commission, Brussels Visiting Professor King’s College London Damien Neven Professor The Graduate Institute, Geneva Editorial Committee Nicolas Charbit l The Editor Concurrences Fanny Méjane l Deputy Director Concurrences Pierre Kirch Alain Ronzano Lawyer Paul Hastings, Paris and Brussels Editor L’actu-concurrence Christophe Lemaire Senior lecturer University Paris I Panthéon-Sorbonne Lawyer Ashurst, Paris 2020 English Edition 3 Forewords 5 Should digital antitrust be ordo-liberal? 8 Politics, digital innovation, intellectual property and the future of competition law + ‘An old chestnut’: Appeals in competition infringement cases 2020 English Edition 4 Foreword “Should digital Foreword antitrust be ordoliberal?” Alexandre de Streel [email protected] Professor University of Namur, Namur Digital Institute Joint Academic Director Centre on Regulation in Europe (CERRE), Brussels istory tells us that the concentration of economic This debate is key for competition policy as it questions its power, what US Supreme Court Justice Louis fundamentals, in particular its objectives and underlying HBrandeis described as the curse of bigness, can economic theories. It also goes beyond as ex post antitrust be as dangerous as the concentration of political power, intervention is often the prelude to more comprehensive leading to social unrest and, if the state does not react ex ante economic regulation. To advance the debate, we appropriately and in a timely manner, to the weakening should first identify the main characteristics of the digital of liberal democracies or, at worst, the outbreak of economy and then reflect on how those characteristics wars. History also tells us that at the beginning of should shape the enforcement of competition law. each industrial revolution, economic power tends to concentrate among the first few firms that master the The characteristics of the digital economy are many and new technologies. Indeed today, at the dawn of the fourth different across business models and digital platforms, Industrial Revolution, few big digital conglomerates but I see at least three characteristics that are key and have accumulated not just important economic but also common to most digital platforms. informational and quasi-regulatory powers. Europe should be particularly worried because most of those – The first characteristic