On July 5th, the Competition Appeal Tribunal (CAT) issued a judgment in 2 Travel Group Plc (In Liquidation) v Cardiff City Transport Services Limited . This was a ‘follow-on’ damages claim based on a finding by the Office of Fair Trading (OFT) in 2008 that Cardiff Bus had engaged in anti-competitive practices against 2 Travel, an entrant into the market for local bus services in Cardiff.
The Securities and Exchange Commission of Brazil has today published Oxera’s study on the costs and benefits of changing the competitive structure of the market for trading and post-trading services in Brazil.
The Department for Transport (DfT) has published a new rail demand forecasting framework developed by Oxera and Arup. This framework was commissioned by the DfT, Transport Scotland and the Passenger Demand Forecasting Council.
ComReg, the Irish communications regulator, has published an Oxera report together with its consultation assessing the pricing principles and methodologies relating to eircom’s next-generation access (NGA) products.
Oxera is delighted to welcome back Felipe Flórez Duncan to lead its Communications team. Felipe originally joined Oxera in 2005, specialising in competition and regulatory economics in the telecommunications and postal sectors. He rejoins Oxera from BT, where he was a Senior Regulatory Economist.
In its Retail Market Review, Ofgem is proposing significant regulatory intervention in the domestic energy supply market. The tariff simplification component of these proposals represents a considerable departure from the existing market arrangements, with the stated intention of promoting competition and protecting consumers.
The GCR Awards 2012 and ‘The Economics 20’ annual survey recognise Oxera’s excellence in competition economics
The achievements of Oxera’s competition practice were today rewarded with an impressive number of nominations for the GCR Awards 2012. Hosted by the Global Competition Review (GCR), these awards aim to recognise the achievements of teams and individuals from private practice firms, academic organisations and competition authorities in 2011. These nominations follow Oxera’s recent ranking as one of the top 20 competition economics firms worldwide in GCR’s ‘The Economics 20’ annual survey. Oxera is proud to have been commended for the work of its experts, both on an individual basis and as members of larger teams working on nominated cases.
To support a consultation with transport providers in the aviation and rail sectors, the Office of Transport Regulation of the NMa, the Netherlands Competition Authority, commissioned a report from Oxera on the concept of buyer power in regulated transport sectors.
Oxera reviews the European Commission’s economic impact assessment of the proposed financial transaction tax
The European Commission has adopted a proposal for a financial transaction tax (FTT), setting out the proposed base and rate of the tax. The Association for Financial Markets in Europe, ASSOSIM (Italian Association of Financial Intermediaries) and Nordic Securities Association (NSA) asked Oxera to review the Commission’s impact assessment of the proposals. This review focuses on the principal elements of the Commission’s economic impact assessment and considers selected unintended consequences not included in that assessment.