Our lawyers and economists understand the complexity of the issues faced by undertakings in the competitive environment. We are prepared to assist clients in finding solutions that are safe and, at the same time, as non-restrictive as possible. We are aware that competition authorities apply competition law using a more economic approach; we accommodate our advice accordingly.
The team of our dedicated competition specialists is one of the largest, most experienced and fastest growing in the Czech Republic and Slovakia, comprising more than 20 lawyers and economists. We know how competition authorities think: Our expert team includes a former vice-chairman of the Czech Office for the Protection of Competition (the “Office”), a former long-term director of the executive department of the Office, a former chief economist of the Office and of the Slovak Antimonopoly Office, and a former senior lawyer of the European Commission’s Directorate-General for Competition.
We advise clients on matters relating to merger controls in the Czech and Slovak Republics and in proceedings before the European Commission. We also advise clients that enjoy a dominant market position and give recommendations on contractual and other relationships among businesses with potential competition implications. We have also advised our clients on proceedings before the General Court in Luxembourg.
Together with our clients, we are well aware of the importance of prevention of unintentional breach of competition rules. We prepare and advise on the implementation of competition and antitrust compliance programmes and also carry out competition due diligence of both existing and planned business projects and strategies.
The scope of our services relating to competition law includes:
in the following areas:
The combination of high quality legal and economic advice in one package provides our clients with the most efficient manner in which how to tackle complex antitrust and regulatory challenges.
Many legal, regulatory and strategic issues contain important underlying economic principles. Understanding of economic fundamentals is often a key to resolving such issues. We use economic theory, underpinned by quantitative methods to assist companies, regulators and lawyers to elucidate the complex questions emerging in legal, regulatory and strategic context.
We offer objective and approachable advice based on economic arguments in a number of competencies.
Competition law and policy
Competition law is based on economics. Competition authorities, regulators and companies follow the implications of economic theory – their teams comprise both lawyers as well as economists. We provide our clients with economic arguments underpinned by quantitative evidence, both stemming from established case law and following state of art theory to support them to make the right business decision or to defend them in an antitrust investigation.
A regulation has an impact on the decisions of businesses in telco, energy, transport and many other areas. It is important for companies to understand and comply with the regulatory environment in a way which allows maximizing their profitability and growth. In the same vein, regulators need to understand how to devise and implement the policy to meet their objectives.
Commercial disputes - damage claims
Disputes often comprise complex economic issues. Economic analysis and financial modelling are the key instruments with which to tackle them. Insight into the assessment of profits, prices and asset values allows for the estimation of economic losses, which is the focal point of any commercial dispute.
Business strategy and valuation
We help our clients to understand market dynamics and outcomes to which a strategic decision is likely to lead. Understanding the competition in the market is the key element to devise an optimal pricing structure. We provide insight into how your customers and competitors react to changes in strategic variables such as price, investment and innovation.