Lily Chang



Lily is an Economist at Compass Lexecon, based in Singapore.

Since joining Compass Lexecon in 2018, Lily has focused on competition cases involving merger control, price-fixing/cartel investigations, and abuse of market power in multiple industries covering transportation, manufacturing, and telecommunications. While based in Compass Lexecon’s Chicago office, she contributed to matters before the US Department of Justice and Fair Trade Commission. After she transferred to Compass Lexecon’s Hong Kong then Singapore offices, she has contributed to cases before the European Commission as well as other national competition authorities and courts, such as the UK CMA, China SAMR, and Singapore CCCS.

Her notable merger experience includes the Hyundai Heavy Industries Holdings/ Daewoo Shipbuilding & Marine Engineering and Cargotec/Konecranes mergers investigated by the European Commission and other national authorities, as well as the American Airlines/Qantas Airways joint venture filed before the US Department of Transportation.

Additionally, Lily has worked on a variety of cases on damages, bankruptcy and financial distress litigation, as well as conducted valuation and financial analyses, spanning across industries including entertainment and fashion, insurance, and financial services. She has also assisted clients during authorities’ investigations into abuse of dominance.

Lily has experience in applying economic empirical analysis and financial models to estimate antitrust impacts and damage valuations using software packages such as Stata, SAS, as well as Microsoft Excel.

Lily graduated summa cum laude from Illinois Wesleyan University with a Bachelor of Arts in Economics and International Business. She also obtained a certification in Competition Policy and Regulation after attending CRESSE Summer School.

She is fluent in Mandarin and English and able to comprehend basic Spanish and German.

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    • BA in Economics and International Business, Illinois Wesleyan University

Lily’s cases

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