Key competition test needs rewrite, says Comcom head

Thu, 17 Oct 2013

By Pattrick Smellie Oct 17 (BusinessDesk) – New Zealand’s competition law relies on a test of competitive behaviour that no other country uses and needs reform, a high level conference organised by the Commerce Commission has heard. Speaking to the Competition Matters conference in Wellington, Professor Andrew Gavil from the Howard University School of Law, in Washington DC, argued the “counterfactual test” used since the mid-1990’s to judge whether proposed transactions are anti-competitive does not do the job it purports to. The counter-fa...

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