Recent Developments in Italian Competition Law (2011)
Abstract
The following motes critically summarise and assess the main findings of the Section “Review of Italian Competition Law Practice” of Concorrenza e Mercato, describing the major trends registered in the application of EC and Italian antitrust rules by the national competition authority (i.e. the Autorità Garante della concorrenza e del mercato, hereafter: Agcm) in 2011. In the period concerned, no particular innovations have been made by Agcm in the interpretation of the concepts of “enterprise”, “agreements” and “consistency” of the analysed practices. Similar evaluations can be made with regard to the identification of “relevant markets” and “dominant positions”, as well as for the application of the fines laid down in the Italian antitrust law. This statement holds true for all of the three main antitrust domains, namely: anticompetitive agreements, abuses of dominant position and mergers. However, when looking at the general approach of Agcm’s enforcement strategy, some interesting trends can be recognised. First, a counter-tendency in the use of commitment decisions can be observed with regard to both restrictive agreements, where Agcm made use of such tool in only one case out of seven (I730 — Gestione dei rifiuti cartacei-Comieco); and abuse of dominance cases, where only a minority of proceedings (three out of seven) were closed with the acceptance of commitments. In line with the EC case-law, Agcm repeatedly rejected commitments that were presented by the parties to hard core cartels and imposed severe fines (e.g. the A413—Tnt Post Italia/Poste italiane case resulted in a fine of E 39.3 billion for the incumbent Poste Italiane). As in the previous years, no interim measures were adopted and in only one case Agcm made use of leniency programs in order to break a cartel in the road transport sector (I722 — Logistica internazionale). Second, regarding mergers, Agcm put a great deal of attention in the definition of barriers to entry that impede market forces to counter-balance the dominant position of the post-merger entity. In particular, Agcm made use of both merger control and advocacy (opinion-giving) powers to help reducing normative barriers to entry (C11082 – Compagnia Valdostana delle Acque/Deval-Vallenergie). Another noteworthy trend canbe observed with regard to remedies, where Agcm thoroughly conditioned the clearance of the concentrations at stake (three out of five) to the acceptance of (para-)regulatory behavioural commitments. The latter consisted, for instance (C11205 — Elettronica Italiana/Digital Media Technologies), in the duty to give access to the essential facilities owned by the post-merger entity on a transparent, non discriminatory and fair basis; in the obligation to adopt the unbundling of accounts; and to provide disaggregated offers to downstream competitors. Finally, Agcm once again intervened (C10910 – Intesa San Paolo/Banca del Monte di Parma) to ban interlocking directories that would result in the creation of a collective dominant position by terminating personal links between the directors of one of the merging entities and those of Crédit Agricole (external to the operation). Such approach is nonetheless likely to change due to the recent adoption of a new law (Art. 36 of Law-Decree no. 201/2011 — also named “Save-Italy” — converted by Law no. 214/2011) that expressly forbids cross-directorships in the insurance, bank and financial services markets. Third, and more generally, an increasing importance is being given to information. Traditionally the exchange of information has received a negative assessment under antitrust laws. Especially, it has been seen as a practice facilitating collusion or eventually per se condemned as anti-competitive when detailed information was exchanged in highly concentrated markets. Although this holds still true with regard to agreements, it is worth noting that Agcm is increasingly condemning abuses relat
Anno di pubblicazione
2012
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