l Winter-School – CUTS Institute for Regulation & Competition

CUTS Institute for Regulation & Competition

Winter-School

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8th WINTER SCHOOL
ON ECONOMICS OF COMPETITION LAW
5-16 December 2022

The Winter School represents the first comprehensive effort in India initiated by CUTS Institute for Regulation & Competition ("CIRC") to enhance the understanding of application of economics to competition law. In collaboration with globally renowned organisations, we have organised five offline editions of Winter School in 2013, 2014, 2016, 2018 and 2019 respectively with CRESSE (The Competition and Regulation European Summer School), RBB Economics, NERA Economic Consulting and Economics Partners. In 2020 & 2021, due to the outbreak of COVID-19 pandemic, the sixth & seventh edition of the programme were organised online, led by distinguished competition economists from different parts of the world. The past training programmes have been attended by legal practitioners, representatives from competition authorities, researchers, and academicians, in-house counsels from corporates, non-governmental organisations and students from several countries

8th EDITION OF WINTER SCHOOL ON ECONOMICS OF COMPETITION LAW

We are delighted to announce the 8th edition of our Winter School on Economics of Competition Law scheduled from 5-16 December 2022. It is a 20-hour training programme, spread over two weeks, with 2-hour sessions each weekday. Led by globally renowned speakers, the sessions of the winter school have been carefully curated to forward discourse on the application of economic tools and analysis in competition law cases. It aims to provide the participants with an understanding of the increasingly important role that economics plays in understanding the markets and assessing the violation of competition law. It strongly focusses on practical examples and direct application of the underlying economic theories and techniques. The themes of the sessions are –
  • Importance of economic evidence in competition law- case studies
  • Cartels- Economic tools and analysis- Theory & Cases - 1
  • Cartels- Economic tools and analysis- Theory & Cases - 2
  • Vertical Agreements - Economic tools and analysis- Theory
  • Vertical Agreements- Economic tools and analysis- Case studies
  • Cross-border issues in competition law enforcement and policy
  • Abuse of Dominance- Economic tools and analysis- Theory
  • Abuse of Dominance - Economic tools and analysis- Case studies
  • Mergers & Acquisitions- Economic tools and analysis- Theory
  • Mergers & Acquisitions - Economic tools and analysis- Case studies
  • The Interface of Intellectual Property and Competition Law


WHY JOIN WINTER SCHOOL?

Economics actuates Competition Law and Regulatory Scenario
Markets are becoming increasingly global and the approaches to regulate them more economics based. Modern competition law differs from traditional competition law in that it now reflects the dominance of the economic model of analysing the market structures and behaviour. Competition economics assumes importance as regulatory and competition authorities have moved to adopt more economics based approaches in analysing business practices and determining anti-competitive behaviour. Even the current policy formulation and consultation takes into account market dynamics and thus critical to understand these nuances to help better understand the broader picture. Competition law and policy is sector neutral and thus a better understanding of competition economics equips participants with tools to analyse interplay between complex issues related to competition in all the sectors of economy.

Global Relevance with Local Application
The knowledge acquired through this Winter School will be relevant regardless of the jurisdiction in which you work. The themes of the sessions cover evolving jurisprudence. Case studies, decisions and approaches from the US, EU and other developed as well as developing countries will be discussed within a common analytical framework strongly based on economic theory. Contemporary issues related to importance of economic evidence in competition law, Economic tools and analysis in cartels, vertical agreements, abuse of dominance and Mergers & Acquisitions, and use of consumer surveys in competition case analysis, etc. will be analysed in an informed manner.


MEET THE SPEAKERS

Trainers have diverse experience working in academic, regulatory and consultancy setup to explain the underlying economic theories and tools in lecture, case studies and simulation exercises format to bring the concepts to life.


Frederic Jenny is professor of Economics at ESSEC Business School in Paris. He is Chairman of the OECD Competition Committee (since 1994), and Co-Director of the European Center for Law and Economics of ESSEC (since 2008). He was previously Non-Executive Director of the Office of Fair Trading in the United Kingdom (2007- 14), Judge on the French Supreme Court (Cour de cassation, Economic Commercial and Financial Chamber) from 2004 to August 2012, Vice Chair of the French Competition Authority (1993-2004) and President of the WTO Working Group on Trade and Competition (1997-2004). Professor Jenny holds a Ph.D. in Economics from Harvard University (1975), a Doctorate in Economics from the University of Paris (1977) and an MBA degree from ESSEC Business School (1966).
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Rhonda Smith is a Senior Lecturer in the Economics Department at the University of Melbourne. From November 1995 to November 1998 she was a Commissioner with the Australian Competition and Consumer Commission. She was also a member of the Federal Government's Copyright Law Reform Committee (1995 to 1998) and is currently a member of the Copyright Tribunal and a lay member of the High Court of New Zealand. Rhonda has acted as an expert witness in a number of Trade Practices cases, has advised firms in relation to trade practices issues and provides training in relation to the economics of trade practices, including to the ACCC
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Avantika provides expert economic advice on competition matters and commercial disputes, including antitrust and damages litigation. She has 15 years’ of experience in advising clients in relation to mergers, horizontal and vertical agreements, abuse of dominance and intellectual property matters, including in the context of private litigation and investigations by competition authorities. She has advised companies such as AstraZeneca, Booking.com, Ericsson, Nokia, Pfizer, Sandoz, Skyscanner and Tesla, as well as government bodies and European Commission.
Avantika has acted as expert in antitrust and damages litigation and in wider commercial disputes, including in front of the High Court in England & Wales, the UK Competition Appeal Tribunal, and courts in Ireland, India and the Netherlands. She has broad sectoral experience, with specific expertise in life sciences and technology sectors, and in digital and intellectual property issues. She is listed in The International Who’s Who of Competition Lawyers & Economists and is an active contributor to policy discussions through regular publications and speaking engagements.
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Anastasia has experience advising clients in a wide range of competition and civil litigation cases across a variety of sectors. She joined Oxera’s Paris office in 2021 after working for six years as a Manager at MAPP–KPMG in Paris. She has been involved in several merger and antitrust cases before the European Commission and in different European jurisdictions—primarily in France and Belgium. She has expertise in a range of sectors including fast-moving consumer goods, online commerce, energy, transport, telecoms, and medical equipment.
Anastasia has also advised clients and conducted competition policy workshops in Eastern Europe, in particular in Russia, Ukraine and Georgia. She has presented at the Annual Global Antitrust Forum in Ukraine (2017), and led a Competition Policy workshop on economic analysis organised by the International School of Economics in Tbilisi for economists and legal advisers at the Georgian Competition Authority and Policy institute (2016).
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Tamrat is a member of Oxera’s Competition and Litigation Support teams. He has particular expertise in competition-related disputes, having advised firms and competition authorities in cases relating to damages, horizontal and vertical agreements, abuse of dominance, and state aid. Tamrat has extensive experience working across a variety of industries including energy, financial services, communications, transport, and retail. An experienced consultant, Tamrat has assisted in the preparation of expert testimonies presented to the High Court, ICC, LCIA, Canadian Competition Tribunal, and Hong Kong Competition Tribunal.
Before joining Oxera, Tamrat completed an MSc in Economics at the London School of Economics. He also has experience in banking, having previously worked at Macquarie as an analyst in its Investment Banking Division.
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Prof. Marek Martyniszyn is a Professor of Competition Law & Policy at Queen’s University Belfast (Northern Ireland). He specialises in international and cross-borders aspects of competition law and policy, including the limits of extraterritorial jurisdiction and state involvement in anticompetitive practices. His research has a strong perspective of new competition systems and new agencies, especially those in developing countries and economies in transition. Prof.Martyniszyn is a Non-Governmental Advisor to the International Competition Network (ICN). He had presented his work also on various other fora, including UNCTAD and COMESA. His online profile is available at: http://go.qub.ac.uk/Martyniszyn.
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Giacomo Calzolari (Ph.D. University of Toulouse, 2001) joined the Institute in September 2018 from the University of Bologna. He is Research Fellow at the Centre for Economic Policy Research (CEPR). He has published in top international journals such as American Economic Review, Rand Journal of Economics, International Economic Review, Games and Economic Behavior, Journal of Financial Intermediation, Review of Financial Studies, and Journal of Economic Theory. He has been conferred the Young Economist Award of the European Economic Association and the 2014-Best paper award by the Association of Competition Economics. He is co-editor of the International Journal of Industrial Organization, European Economy – Banks, regulation, and the real sector, and Labour: Review of labour economics and industrial relations. He is a member of the steering committee of the European Association of Industrial Economics, the Association of Competition Economics and the Economic Advisory Group on Competition Policy of the European Commission. His current research interests include competition policy, economics of regulation, industrial organization, banking regulation and supervision and the economics of incentives.
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GMT Economics is led by Dr Claudio Calcagno. Claudio is a trained economist who specialises in applying microeconomics to competition cases. He has advised clients on over 90 matters, including market studies and investigations, mergers, abuse of dominance, vertical and horizontal agreements, competition appeals, regulatory investigations, State aid, and private litigation. Since starting to work as a professional economist in 2004, he has held senior roles at leading economic consultancies before founding GMT Economics in 2021. Over the years, he has had the privilege to work with, and learn from, a large number of national and international law firms, as well as corporations ranging from relatively small family businesses, to FTSE 100 companies, to multi-billion dollar businesses, hailing from a vast array of sectors. He has worked on matters before the UK Competition and Markets Authority (and its predecessors), several UK sector regulators, the UK Competition Appeal Tribunal, the High Court of England and Wales, the European Commission, as well as many national competition authorities and courts across the European Union, the Middle East, Africa, Australasia and the Americas. Claudio has published in international peer-reviewed academic journals, and is a co-author of a leading textbook in competition economics – Exclusionary Practices: The Economics of Monopolisation and Abuse of Dominance. He has presented at major academic conferences and frequently speaks at professional competition policy events. He is also a guest lecturer on competition economics and competition policy topics on several academic and executive education programmes. He has been included in Who’s Who Legal’s list of recommended European competition economists for several years. He holds a PhD Economics from the European University Institute, an MSc Economics from the London School of Economics and Political Science, a BSc Economics from University College London and a PG Dip in EC Competition Law from King’s College London.
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Richard York is a Deputy Chief Economist with the Australian Competition and Consumer Commission. He has over 25 years of experience providing economic advice on competition law/anti-trust and economic regulation matters across roles working with government agencies; the Federal Court of Australia; and private sector firms. His particular areas of specialization include the economic analysis of anti-competitive conduct and mergers; as well as the regulation of telecommunications, rail, port and energy. Richard has previously been the Executive Director of the National Competition Council in Australia; and a Senior Fellow of the Law School at the University of Melbourne. He has taught economics and law units at both Monash University and the University of Melbourne.
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Dr Shubha Ghosh is the Crandall Melvin Professor of Law and Director, Technology Commercialization Law Program, Syracuse University College of Law. He earned his J.D. from Stanford University, with distinction, and his Ph.D. in Economics from the University of Michigan. He earned his B.A. cum laude, from Amherst College. Prior to joining Syracuse University College of Law, Ghosh taught at the University of Wisconsin Law School as a chaired, tenured professor and co-director of the Innovation cluster consisting of faculty in the law and business schools.
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Arvind Mayaram has a Ph.D. in Finance. Presently he is an independent thinker and Chairman, CUTS Institute for Regulation & Competition. He has earlier held the positions of Finance Secretary and Special Secretary in Ministry of Rural Development, Government of India. He has also been the Alternate Governor for India on the Boards of World Bank, ADB, and African Development Bank. He was India’s finance deputy in G20 and BRICS. He was also on the Boards of the Reserve Bank of India and the Securities Exchanges Board of India. He was India’s chief negotiator for BRICS New Development Bank and Asian Infrastructure Development Bank, and co-chair of the Framework Working Group of G-20. He spearheaded the establishment of the framework for mainstreaming Public-Private partnerships in India and designed the first PPP module for delivering infrastructure in the rural areas. He was Vice President of the World Association of Investment Promotion Agencies (WAIPA), formed under the aegis of UNCtAD, UNIDO, FIAS, and MIGA for two terms in early 2000. He has been an investment promotion expert with UNCTAD for several years and his expertise in the area of PPPs is internationally acknowledged.
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Pradeep S Mehta is the Secretary cum Treasurer of the CUTS Institute for Regulation & Competition (CIRC). Mr. Mehta is the founder Secretary-General of the Jaipur-based Consumer Unity & Trust Society (CUTS International), leading economic policy research, advocacy, and networking, a non-governmental group in India, with offices in Nairobi, Lusaka, Accra, Hanoi, and Geneva. CUTS was established in 1983 and has completed 30 glorious years. He has studied commerce at the Calcutta University and law at the Rajasthan University, Jaipur. In April 2012, Mehta has been nominated to the High-Level Stakeholders Panel of WTO on Defining the Future of Trade. He has been an Honorary Adviser to the Commerce & Industry Minister of India and NGO Adviser to the WTO Director-General from 2002 to 2005. Recently he has been a Member of the Planning Commission’s Steering Committee on Industry and Chairman of its Task Force on National Competition Policy. Further, he has also Chaired the Ministry of Road Transport and Highways’s Working Group on Road Safety Education. He serves on several policy-making bodies of the Government of India and Inter-Governmental Organisations related to trade, investment, competition, environment, and consumer affairs. He chairs the advisory committee of the South Asia Watch on Trade, Economics, and Environment(SAWTEE), Kathmandu. In the past, he has served on the governing boards of the International Centre for Trade and Sustainable Development (ITCSD); Geneva, Consumer Coordination Council, New Delhi and on the Global Policy and Campaigns Committee on Economic Issues of Consumer International, London. A prolific writer, gifted speaker, skilled trainer and organizer in the social science field, Mehta has been named as one of the 30 most famous columnists in India by a leading newspaper in India. He has published/edited several books and papers on trade, investment, competition, and development.
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KEY DETAILS

Recording of all the sessions would be made available to the participants

DATE TIME TOPIC SPEAKERS
December 5, 2022
Monday
 
3:30 pm- 4:00 pm IST
10:00 am-10:30 am GMT
Inaugural Session Pradeep S Mehta
Secretary General CUTS International
Arvind Mayaram
Former Finance Secretary GoI
04:00 pm -06:15 pm IST
10:30 am - 12:45 am GMT
Importance of economic evidence in competition law- case studies Frederic Jenny
Chairman, OECD Competition Committee
December 6, 2022
Tuesday

10 am - 12:15 pm IST
4:30 am - 6:45 am GMT
Cartels- Economic tools and analysis- Theory & Cases - 1 Rhonda Smith
Senior Fellow, Faculty of Business and Economics,
University of Melbourne
December 7, 2022
Wednesday

10 am - 12:15 pm IST
4:30 am - 6:45 am GMT
Cartels- Economic tools and analysis- Theory & Cases - 2 Rhonda Smith
Senior Fellow, Faculty of Business and Economics,
University of Melbourne
December 8, 2022
Thursday

04:00 pm - 6:15 pm IST
10:30 am - 12:45 pm GMT
Vertical Agreements - Economic tools and analysis- Theory Avantika Chowdhury
Partner, Oxera and
Anastasia Shchepetova
Senior Consultant, Oxera
December 9, 2022
Friday

04:00 pm - 6:15 pm IST
10:30 am - 12:45 pm GMT
Vertical Agreements- Economic tools and analysis- Case studies Avantika Chowdhury
Partner, Oxera and
Tamrat Shone
Senior Consultant, Oxera
December 10, 2022 *
Saturday

04:00 pm - 6:15 pm IST
10:30 am - 12:45 pm GMT
Cross-border issues in competition law enforcement and policy Marek Martyniszyn*
Professor, Competition law and Policy, School of LawQueen's University Belfast
December 12, 2022
Monday
04:00 pm -06:15 pm IST
10:30 am - 12:45 am GMT
Abuse of Dominance- Economic tools and analysis- Theory Giacomo Calzolari
Economist, European University Institute
December 13, 2022
Tuesday
4:00 pm -6:15 pm IST
10:30 am - 12:45 am GMT
Abuse of Dominance - Economic tools and analysis- Case studies Claudio Calcagno
Director, GMT Economics
December 14, 2022
Wednesday
10:00 am-12:15 pm IST
4:30 am - 6:45 am GMT
Mergers & Acquisitions- Economic tools and analysis- Theory Richard York
Deputy Chief Economist,
ACCC
December 15, 2022
Thursday
10:00 am-12:15 pm IST
4:30 am - 6:45 am GMT
Mergers & Acquisitions - Economic tools and analysis- Case studies Richard York
Deputy Chief Economist,
ACCC
December 16, 2022
Friday
7:30 pm-9:45 pm IST
2:00 am- 4:15 am GMT
The Interface of Intellectual Property and Competition Law Shubha Ghosh
Crandall Melvin Professor of Law and Director, Technology Commercialization Law Program, Syracuse University College of Law
Note - *Bonus session

a. Legal Practitioners, Competition Lawyers and Law Firms

Designed especially for lawyers, the course tends to explain the economics in a language the lawyers can understand. From a legal practitioner’s perspective, it is vital to understand and assess the relevance and rigour of the economic analysis so as formulate a strategy regarding specific case. This could include identifying whether the data employed and empirical approach in economic analysis is appropriate, and ascertaining the consistency of assumptions used in economic models with characteristics of industry/sector. The economic concepts and methodical techniques that lawyers working in mergers and competition cases need to know will also be discussed.

b. In-house Counsels at Corporate Entity

This course will help the corporates to understand the economics of competition law in a better way, which will help them to device policies to better their services and products in order to have a better footing in the market while in compliance with law.

c. Competition Authorities and Regulatory Affairs Officials

They will be able to better understand the competition economics and will be well equipped to deal with the competition cases. The applied concepts to be discussed during Winter School will help regulatory officials devise better regulatory approaches in their respective sectors so as to develop a competitive framework.

d. Economic Consultancies

Practitioners working with economic consultancies and economists will get a chance to learn the contemporary literature and will also learn from the top practitioner’s ways to identify and apply best economic model suited to a specific industry.

e. Representatives from Government and International Organisations

The course can prove beneficial for them and help them in understanding the issues related to competition law and policy in India and best international approaches to effectively deal with such situations.

f. Researchers in area of Law, Economics, and Management

The course will teach them the economics behind various tenets of competition law and provide them opportunities to interact with the pioneers in this field. This will equip them with better legal and economic tools to analyse contemporary debates in an informed manner.

Indian: Fees
Student INR 5,000
Other INR 20,000
International: Fees
Student USD 200
Other USD 400

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PARTICIPANTS FROM THE FORMER SCHOOLS:

The previous winter schools have seen an influx of participation from foreign competition authorities, tier-1 law firms, corporate sector, academicians, economists and legal practitioners. Following is the list of entities, from where the participants have taken benefit of this course:

Amarchand Mangaldas & Co., New Delhi

AZB & Partners, New Delhi

Amity University, Noida

Ansal University, Gurugram

Competition Commission of India

Cyril Amarchand Mangaldas

Christ University, Bangalore

CUTS International, Jaipur

Econ One Research, New Delhi

Fair Competition Commission, Tanzania

Gono Bishwabidyalay, Bangladesh

J.Sagar Associates, New Delhi

Malaysian Competition Commission, Malaysia

Nathan Economic Consulting, New Delhi

Nishith Desai Associates, New Delhi

Legal Practitioners

Saint Gobain, New Delhi

SEBI, Mumbai

TMT Law Practice, New Delhi

Trilegal, New Delhi

Jubilant Life Sciences Ltd, New Delhi

Jubilant generics limited, Noida

Veritas Legal, Mumbai

L & L Patners, New Delhi

ITC

DLF

Competition Commission of Mauritius

General Authority for Competition, Saudi Arabia

WINTER SCHOOL GALLERY