Bridging the competition gap – Garrigues

When a client has a very significant EU law problem a firm’s local Brussels presence, and direct connection to the regulatory decision-makers, can make a huge difference to the outcome, says Marcos Araujo, head of competition at Garrigues.

 

“Of course there is the growing importance of EU competition law, but I would add that it is more about the specific importance for a given client at a given time.”

In complex and high profile issues a specialist is clearly needed, but it is not enough to simply link to the EU capital, he says. “The lawyer must really understand what is happening on a daily basis. After all, lawyers are representatives that assist in bridging messages.”

If firms are a part of the EU “village” it can also help communication with Brussels officials, he believes. “It is easier to drop by, to read the same newspapers and hear the same gossip that they may be hearing. All of this facilitates communication, which is the basis of a lawyer’s work.”

In terms of current trends emanating from Brussels therefore, he highlights the continued fight against cartels through leniency incentives, the clarification of State intervention through better regulation or public service financing, and better state aid enforcement.

“All three have a huge impact in the Iberian context, but the cartel issue is currently more active as a result of the new leniency provisions under Spanish competition law and resulting local cartel investigations.’ In addition, he suggests that EU and national authorities are maintaining ever-closer contact. ‘Domestic competition authorities clearly have their own agendas, but the influence of EU decisions, precedents and philosophyin all they do is huge. Of course in hot political situations we may see each taking sides, but that is perhaps one case in a thousand.”

A firm’s ability to conquer any divides is therefore vital. “Being close to the client is as important as having a good Brussels presence. Again, it is all about bridging,”

Bridging the competition gap – Garrigues

Garcia-Sicilia

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram