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53rd Spring Meeting of the ABA Section of Antitrust Law International Antitrust: Developments after Empagran and Intel March 31, 2005 Washington, D.C. The Irrepressible Empagran. Coming Soon to a Court Near You. Michael D. Hausfeld Cohen, Milstein, Hausfeld & Toll, P.L.L.C. - PowerPoint PPT Presentation
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The Irrepressible
Empagran
Coming Soon to a Court Near You
Michael D. HausfeldCohen, Milstein, Hausfeld & Toll, P.L.L.C.
53rd Spring Meeting of the ABA Section of Antitrust LawInternational Antitrust: Developments after Empagran and Intel
March 31, 2005Washington, D.C.
United States v. LSL BiotechnologiesSniado v. Bank Austria AG
• Insufficient factual allegations • Not a global cartel
• Does not mention Empagran• No direct effect on U.S.
The European Paradox*• In a reversal of previous European statements
suggesting that extraterritorial prescriptive jurisdiction was contrary to international law, a UK court held that such use was not an illegitimate interference in the affairs of a foreign state.
• It remains to be seen whether Member States will observe the inherent contradiction in condemning American antitrust extraterritoriality and extolling the European use of the same tactic.
• Despite divergent economic, cultural, and legal traditions, the United States and Europe have a common interest in responding to the challenges posed by the globalization of economic activity.
*See Alexander Layton & Angharad M. Parry, Extraterritorial Jurisdiction-European Responses, 26 Houston Journal of International Law 2, 309 (2004).
EC & DOJ EC & DOJ
Cartel Cartel
Investigations
Investigations
•Dozens of recent EC and DOJ Dozens of recent EC and DOJ companion cartel investigationscompanion cartel investigations
•Including the following:Including the following:
•Rubber ChemicalsRubber Chemicals•EPDMEPDM•MCAAMCAA•Carbon BlackCarbon Black•Plastic AdditivesPlastic Additives•PolychloroprenePolychloroprene•Publication PaperPublication Paper•LabelstockLabelstock