This article discusses two elements that the draft EU Directive on actions for damages treats only perfunctorily. The first concerns lucrum cessans or the quantity effect which is found to be of a relatively higher magnitude than the price effect. The second concerns the difficulties of...

This paper critically reviews the European Commission's proposed Directive on future rules concerning actions for damages for competition law infringements under national law. It is argued that the proposal underestimates the importance of loss of profits induced by increased prices and does...

The article critically examines the European Commission's decision in the four-to-three merger between Telefónica Deutschland and E-Plus. Despite the explicit recognition of the importance of vertical effects in the telecommunications sector more generally as exemplified by the European...

In the context of its ambitious State Aid Modernisation work, the European Commission presented new guidelines on Rescue and Restructuring (R&R) aid in 2014. In this paper the consequences for generic R&R aid and in particular the balancing test for State aid proposed by the guidelines are...

Die politische Zielsetzung der Klimaneutralität im Jahr 2050 bedarf einer effizienten Umsetzung. Das europäische Zertifikatesystem (EU-ETS) ist dazu allerdings nicht in der Lage und wird mit sehr hoher Wahrscheinlichkeit die notwendige Ausdehnung auf den Transportsektor und die privaten...

This essay explores the scope of the European Commission's power to impose remedies in cases of abuse of a dominant position under Article 82 of the Treaty establishing the European Community. After introductory remarks regarding the legal basis and objectives of remedies, we delineate the...

The article discusses the legal basis for structural remedies under European Competition Law in light of the mainly German criticism of recent commitment decisions in the energy sector and in particular the E.ON decisions of DG Competition. In particular the article discusses what “bringing an...

In December 2012, the European Commission published a draft proposal for a revision of the European Tobacco Products Directive. Since then, this proposal has created significant debate fueled partly by the economic evaluation of the Commission proposal by Roland Berger. This paper analyses the...