Cheque/DD in favour of CUTS Institute for Regulation and Competition, payable at New Delhi.
Cheque/DD to be sent to CIRC through courier/speed post, addressed to:
CUTS Institute for Regulation and Competition (CIRC), 1A, First Floor, Khehar Singh Estate, Saidulajab, New Delhi 110 030.
NEFT details as follows:
Beneficiary: CUTS Institute for Regulation and Competition, Bank: Axis Bank Ltd., K-12, Green Park , New Delhi- 110016
Account Number: 268010100153690, MICR Code: 110211003, IFC Code: UTIB0000015, Swift Code: AXISINBB015, PAN: AAAAC5555B
The current 5th edition of the Winter School on Economics of Competition Law is being organised by CIRC in association with Economics Partners. The winter school aims to provide the participants with an understanding of the increasingly important role that economics plays in competition law and the relevance of economic analysis to a particular competition law case. It strongly focusses on practical examples and direct application of the underlying economic theories and techniques.
The Winter School represents first comprehensive effort in India initiated by CUTS Institute for Regulation & Competition to enhance the understanding of Competition Law in India and other developing countries.
In collaboration with globally renowned organisations, CIRC has organised three editions of Winter School in 2013, 2014, 2016 and 2018 respectively with CRESSE (The Competition and Regulation European Summer School), RBB Economics, NERA Economic Consulting and Economics Partners. The participants in these Winter Schools have been a focussed group consisting of legal practitioners, representatives from law firms, representatives from competition authorities, researchers, academicians and non-governmental organisations. Participants from competition authorities of India, Malaysia and Tanzania also attended the previous 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 in to 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. Case studies, decisions and approaches from the US, EU and developing countries will be discussed within a common analytical framework strongly based on economic theory. Contemporary issues related to predatory pricing, abuse of dominance, online platforms, network effects, economics of merger evaluation, bundling, discounts, etc. will be analysed in an informed manner.
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.
Dr. Derek RitzmannDirector, Economics Partners
Dr. Derek Ritzmann is an Economic Expert at Economics Partners, working across the Asia-Pacific region based in Hong Kong. Dr. Ritzmann has been practicing as an economist for over 20 years and specializes in the economics of competition, regulation, and arbitration. He has worked on a wide range of competition and regulation matters as an economist in both the private and public sectors, including many mergers, anti-competitive agreements, abuse of dominance cases, and economic regulation. Dr. Ritzmann spent over a decade as a senior economist at competition and regulatory agencies and consequently has significant expertise in dealing with agencies on such matters. He was the first Chief Economist of the Hong Kong Competition Commission, in the Chief Economist Team at the European Commission’s Competition Directorate, and the Principal Economist (for both competition and telecommunications regulation) at the Australian Competition and Consumer Commission. Most recently, he headed the Asia-Pacific practice based in Hong Kong of a large economic consulting firm; previously, he worked in private practice as an economist at two leading consulting firms in Europe and as a competition lawyer in Australia.
Saattvic SaattvicSenior Consultant, Economics PARTNERS
Saattvic is an economics consultant at Economics Partners. He has been advising public and private sector clients across Europe and Asia on matters relating to competition and regulation since 2008. He has contributed towards competition assessment studies for several public sector clients, including of the UK legal professions and of the mass transport system of a major global metropolis. Several of his projects have involved formulating regulatory interventions to improve competitiveness, including in the Indian power and education sectors. He has extensive experience in the utilities sectors. Saattvic also regularly provides litigation support to private sector clients in Competition Law related matters in various jurisdictions. He has advised on major global mergers as well as numerous cartel investigations. He holds an MPhil in Economics from Oxford University (with distinction) and a BA (Hons) in Economics from Delhi University.
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The Winter School will help practitioners address questions such as: what is meant by dominance? What economic benefits is competition supposed to produce? How does one define the relevant product and geographical market? Some of the topics include:
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.
Training methodology would include stimulating sessions with the participants, ensuring that the learning begins with a modest introduction ensuring conceptual clarity on employing economic analysis in competition law cases. Lectures, case studies, interaction with experts will be used as tools to provide strategic understanding, develop core skills and encourage in-depth knowledge of the dynamics involved. The course material including case studies and readings will be provided to the participants.
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:
Course Coordinator- Garima Sodhi, Aakriti Jain, Rinki Singh
CUTS Institute for Regulation & Competition (CIRC)
1A, First Floor, Khehar Singh Estate, Saidulajab
New Delhi-110 030, India
Email: email@example.com, firstname.lastname@example.org, email@example.com