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Kazakhstan Law News Digest for August - September 2022 | White & Case LLP

Key Kazakhstan legal developments and clarifications from the state authorities, case law news and legal publications have been discussed by our team. In particular, changes have been...

Kazakhstan , Astana , Gorod-astana , Republic-of-kazakhstan , Astana-international-financial-center , Competition-authority , Financial-settlement-center , Public-development , Astana-hub-international-technology-park , Aerospace-industry , Ministry-of-ecology

Textbook Economics? A Review of The Politically Incorrect Guide to Economics

Textbook Economics? A Review of The Politically Incorrect Guide to Economics
lewrockwell.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lewrockwell.com Daily Mail and Mail on Sunday newspapers.

Austria , Virginia , United-states , America , American , Austrian , George-akerlof , Herbert-hoover , Richard-vedder , Ronald-coase , Arthur-burns , James-bennett

Kazakhstan Law News Digest for May 2022 | White & Case LLP

I. Legislative News
Competition 

The Competition Authority has approved the Methodology for the Analysis of the Competitive Situation on Commodity Markets. Such methodology is necessary, among other things, to (1) determine the level of competition in specific commodity markets, (2) identify dominants/monopolists in the commodity market and (3) establish the appropriateness of the state presence in the business sphere. 

Kazakhstan , Armenia , Republic-of-kazakhstan , Republic-of-armenia , Infrastructural-development-of-the-republic-kazakhstan , Infrastructure-development-of-the-republic-kazakhstan , Competition-authority , Committee-for-regulation-of-natural-monopolies , Ministry-of-industry , Ministry-of-digital-development , Bonds

Open-ended antitrust is an innovation killer


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The most important feature is the proposed change to the legal standard by which regulators approve business deals. It would allow the government to stop any deal that creates an “appreciable risk of materially lessening competition,” and it also defines exclusionary behavior as, “conduct that materially disadvantages one or more actual or potential competitors.”
These may sound like simple, semantic tweaks, but – much like some of the other policy ideas currently circulating – they would upend decades of settled law and create a sea change in U.S. antitrust enforcement. This change could undermine business dynamism, innovation and investment in ways that inhibit the global competitiveness of U.S. businesses.

United-states , America , Amy-klobuchar , Josh-hawley , Google , Liberty-media , Department-of-justice , Nokia , Motorola , Microsoft , News-corp , Hughes-electronics