Together with the Amsterdam Centre for European Law and Governance (ACELG), we convened a conference discussing whether differences in how much people own and earn should be a concern for competition law.
"Economic inequality is on the rise around the world. The gap between rich and poor has been widening steadily, with the covid-19 pandemic further reinforcing the trend. Differences in how much people own and earn have become so pronounced that they are causing serious economic, political and moral concern. As a result, academics, policy makers and politicians have been asking what generates these differences and how they could be curbed.
A major source of wealth and income inequality appears to be the immense economic power enjoyed by large multinational corporations. Against this backdrop, prominent scholars have argued that a more equal society could be ensured through enforcement of competition rules, not least in labour markets. Yet, the precise extent to which competition law can and should be concerned with distributive issues remains unclear."
Speakers in this conference included:
- Eleanor Fox (NYU, United States)
- Ioannis Lianos (Hellenic Competition Commission, Greece)
- Martijn Snoep (Authority for Consumers and Markets, Netherlands)
In April and May 2020, the Amsterdam Centre for European Studies (ACES) organised an online "Virtual Visions of Europe series".
On 29 April 2020, Prof. Alessio M. Pacces, Director of the ACLE, was a speaker in the first session of this Virtual Visions of Europe series, entitled "Public health: Diversity and (non-)coordination".
On 6 May 2020, Prof. Arnoud Boot, ACLE co-founder and Research Member, was a speaker in the second session of the Virtual Visions of Europe series, entitled: "Socio-economic policy and crisis response".
The main purpose of this conference was to better understand the major revision of the insolvency procedures by the EU Preventive Restructuring Directive: The shift towards reorganisation procedures away from liquidation procedures and the issue of how to deal with priority issues. By June 2021 (with a possible delay), EU member states must have implemented the Directive, which requires the national legislators to make a choice between the Absolute Priority Rule (APR) or adopting a new European Relative Priority Rule (EU RPR).
The conference brought together nearly 60 eminent law and economics scholars, practitioners and policy makers from around the world to discuss possible implications of deviating from the benchmark APR from legal and financial stability perspectives. The event started by a lead introduction by Prof. D.G. Baird. This was followed by short presentations upon which debates were held. Speakers included amongst others Prof. Douglas G. Baird (Chicago Law School) and Jonathan M. Seymour, JD (Duke University School of Law).
Below you will find the Conference Report which was made after the conference and is an approximation of what was said during the APR conference:
Below you will find presentations of the APR conference speakers: