Regulation, antitrust and promotion of innovation? Challenges and experiences from communications to payment systems
- Business & Professional
- UCL Faculty of Laws, WC1H 0EG London
Arbitration and EU Competition Law:
Do Not Tilt the Balance
By Dr Assimakis Komninos, White & Case (Brussels)
Wednesday 23 November 2011 from 6-8pm
at UCL Faculty of Laws' Bloomsbury Campus
Organised by UCL's Centre for Law, Economics & Society
About this talk
Arbitration is a generally accepted method for the resolution of international business disputes and, for antitrust enforcement purposes, it represents another forum for the application of the competition rules. There is nowadays no doubt that EU competition law disputes can be submitted to arbitration (they are arbitrable), notwithstanding their public policy (ordre public) nature. After modernisation, exactly like courts, arbitrators have full competence to apply the whole of Article 101 TFEU, including its third paragraph. If the Commission were to issue in the future a notice or another informal instrument on arbitration, for clarity it could explicitly state the above proposition.
The neglect of arbitration in Regulation 1/2003 and in the accompanying ‘Modernisation Package’ is not in itself problematic; however, the European Commission should always remain open to cooperate with arbitration tribunals either in an informal or a more formal way. In the future, the Commission could consider publishing a Notice or some Guidelines on cooperation with arbitral tribunals. Such a Notice could provide for a more structured dialogue between arbitrators and the Commission, while increasing the transparency of the whole system of cooperation. It would also raise the EU competition law awareness of arbitrators and parties, but should strive not to encroach on the fundamental principles of flexibility, confidentiality and privity of the arbitral process.
Arbitration is not an organ of the Member States and therefore Articles 4(3) TEU and 16 Regulation 1/2003 are not directly binding on it. However, arbitral awards can be reviewed by EU-based State courts on public policy (ordre public) grounds, and this constitutes the ultimate and most efficient safeguard for the respectful application of the EU competition rules by arbitrators. To the extent an arbitral award may be reviewed and set aside on such grounds, the arbitrators should exercise caution when applying EU competition law and should even proceed to apply it of their own motion (ex officio). In the extreme case where an arbitral tribunal is an internal structure of a cartel and its function is to ensure compliance and resolve ‘disputes’ within the cartel, the arbitration clause itself would be illegal and the ‘arbitrators’ would be liable to fines under Article 101 TFEU.
This event is accredited with 2 CPD hours by the Solicitors Regulation Authority, Bar Standard Board (Pending).
The Faculty of Laws at UCL has a world-class reputation for research, and has been rated by the UK government in the highest categories for both research and teaching.
We value research not only in contributing to the quality of our teaching and the supervision we give our students, but also in its contribution to the development of law and its influence on legal practice and public policy.
The Faculty was ranked 2nd in the UK by The Times Good University Guide (subject table: Law) in 2008. UCL is ranked 4th in the World University rankings.
In order to purchase these tickets in installments, you'll need an Eventbrite account. Log in or sign up for a free account to continue.