November 4, 2020
Practical Law Canada Competition (of which I am Lawyer Editor) has published a new Legal Update, which discusses highlights of the Commissioner of Competition’s address on October 21, 2020 at the Canadian Bar Association’s annual competition law conference, which took the form of an online symposium this year. The Commissioner focused on the Competition Bureau’s challenges and priorities during the COVID-19 pandemic. Below is an excerpt with a link to the full Legal Update.
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On October 21, 2020, the Commissioner of Competition (Commissioner) delivered a Speech, Supporting competition on the road to economic recovery, to the CBA’s Competition Law Fall Online Symposium that concentrated on the challenges that the Competition Bureau (Bureau) is facing in navigating the COVID-19 pandemic and associated economic downturn. This update highlights key takeaways from the Commissioner’s remarks.
The Commissioner began with the observation that economic crises tend to provide opportunities for companies to enhance their market power or engage in anti-competitive activity. As such, competition law can take on heightened importance in protecting competition and safeguarding consumers in this environment. At the same time, the Commissioner acknowledged that competition law enforcement must be flexible to accommodate the extraordinary circumstances that many companies are experiencing.
As discussed below, the Commissioner identified several aspects of competition law enforcement that may warrant increased attention during the pandemic and economic downturn.
For the full Legal Update, see: Competition Bureau Navigates the Pandemic.
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