Webinar Synopsis: The Impact of COVID-19 on Competition in the Air Transport Sector
Urs Haegler joined speakers from DG COMP, EU Travel Tech and Reed Smith to discuss antitrust in the aviation sector in a webinar organized by Concurrences.
Tag: state aid
Expert Opinion: State aid in response to COVID-19 and implications for competition
Read the Expert Opinion written by Urs Haegler, Senior Vice President, Compass Lexecon and Georges Siotis, Consultant, Compass Lexecon and Associate Professor, Universidad Carlos III de Madrid.
State Aid in the Context of COVID-19
The economic impact of COVID-19 has differed across EU Member States, as some States are able to exploit the European Commission’s Temporary Framework for State aid more easily than others that are limited by their fiscal position. Georges Siotis highlights the variances in policy responses to the crisis and considers whether the scale of public intervention is sustainable in the longer term.
The Implications of COVID-19 for Competition Policy and Economic Growth
Jorge Padilla and Nicolas Petit highlight that recessions often have a pro-competitive “cleansing” effect. They can facilitate the exit of inefficient firms that crowd out growth opportunities for more efficient competitors, and delay the diffusion of technological innovation. A case might thus be made that the current recession is an opportunity for growth and regeneration of the EU economy.
Webinar: State Aid in the Context of COVID-19
Compass Lexecon expert Georges Siotis will join senior lawyers from Cleary Gottlieb and Sheppard Mullin in a short webinar to discuss legal and economic issues related to State aid during the COVID19 crisis.