EU Merger Control After the Grand Chamber’s Judgment in Commission v CK Telecoms Investments

17 Pages Posted: 14 Aug 2023 Last revised: 13 Sep 2023

See all articles by Giorgio Monti

Giorgio Monti

Tilburg Law and Economics Center (TILEC)

Date Written: August 10, 2023

Abstract

The Grand Chamber set aside the judgment of the General Court in CK Telecoms having found eight errors in law. This paper dissects the judgment of the Grand Chamber and illustrates and explains the differences between the two judgments as well as their significance. The Grand Chamber clarifies the standard of proof, confirms that the analysis of unilateral effects in oligopoly markets requires a holistic analysis of a number of factors none of which is decisive. While it confirms the analytical stance of the Commission this does not necessarily indicate that the Commission will prevail as the appeal is heard again at the General Court. Furthermore, the judgment as well as the new techniques used by the Commission suggest that a review of the Horizontal Merger Guidelines is much needed. More generally, the clash between the two courts reveals a fundamental difference between judges about the role of EU competition law.

JEL Classification: K21, L4, L96

Suggested Citation

Monti, Giorgio, EU Merger Control After the Grand Chamber’s Judgment in Commission v CK Telecoms Investments (August 10, 2023). TILEC Discussion Paper No. 2023-13, Available at SSRN: https://ssrn.com/abstract=4537510 or http://dx.doi.org/10.2139/ssrn.4537510

Giorgio Monti (Contact Author)

Tilburg Law and Economics Center (TILEC) ( email )

Warandelaan 2
Tilburg, 5000 LE
Netherlands

HOME PAGE: http://www.tilburguniversity.edu/staff/g-monti

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