The last year has been one of the tremendous shifts. Businesses across the globe have been forced to adapt quickly to a largely different environment. Diversification will continue over the remainder of 2021, including the competition law area. This will bring growth opportunities but also more resistance and ambiguity for organizations and their legal teams. The recent framework on the idea of foreign direct investment (FDI) has missed assessing the role of competition laws in encouraging or preventing FDI inflows. Even after controlling for other potential determinants of these capital flows, there is a fairly positive correlation between competition laws and FDI inflows. This is particularly instructive for India’s enactment of its Competition Act, 2002 and its subsequent positive impact on the country’s foreign investment flows.
Given that FDI generally has a long horizon, multinationals will likely consider emerging economies with new, or even mature, competition law structures, eventually leading to open competition and a free market economy. Will ignore any demand for protection to local firms and industries in favour of promotion.
Understanding that is largely related to competition laws adopted and developed in developing and transition countries. MNCs, and to a large extent the wider community of competition lawyers and practitioners, expect the administration and enforcement of national competition laws in the new jurisdiction to eventually pivot to a less interventionist and more pro-market nature, if they were not so from the beginning. This expectation arguably underscores the willingness of MNCs to ignore any negative perceptions of the new competition law in an emerging economy and instead embrace the more positive aspects of this new competition law.
Further emphasis is required on the importance of competition laws as a tool for promoting foreign investment. Policymakers in countries without competition laws may receive additional incentives for any proposed plans to adopt national competition laws in their jurisdiction.
In view of the evolution of and key developments in the Competition Law over the past few years in India, ASSOCHAM is contemplating to organise the 6th International (2 Days) Virtual Conference on Competition Law- Risk, Challenges and The Way Forward on 23rd and 24th September, 2021.
Key Focus Areas:
Day 1- Session Theme: Competition Law Enforcement in the Digital Market
Day 2- Session Theme: Merger Control & Trends in Digital Markets
The conference also sets out to cover the impact of tougher merger controls and foreign investment investigations on M&A strategies; the importance of antitrust compliance in view of increasing global enforcement; and Collision of antitrust, data privacy, and consumer protection and tools, policy reforms to tackle challenges in the tech era & rejigging enforcement priorities.
Click here to view the updated conference agenda
ASSOCHAM takes this opportunity to invite your esteemed organization to join as a partner and nominate the experts as speakers, and delegates to attend this conference.
Following are the details
Registration:
Day 1- 23rd Sep 2021: https://bit.ly/3sYLYBZ
Day 2- 24th Sep 2021: https://bit.ly/38oMLT1
Event details website: https://www.assocham.org/eventdetail.php?id=2181
For speakership, sponsorship, participation opportunities or any further details please contact:
Mr Jatin Kochar
+91 97119 04890
jatin.kochar@assocham.com
Mr Vikash Vardhman
+91 90277 88277
vikash.vardhman@assocham.com
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