Digital developments necessitate rethinking traditional tests and concepts in competition law. Much has been written about how the best outcomes can be achieved in the digital environment.
This session focused on two important areas. Merger analysis depends on a difficult forward-looking test which is complicated by the nature of dynamic digital markets and Dr Rhonda Smith addressed this issue. Globally, nations are exploring the potential of central bank digital currency (CBDC) which will revolutionise banking and commerce. Competition issues are inextricably linked to CBDCs at local and international level. Professor Liyang Hou and Professor Deborah Healey discussed the different aspects of competition and CBDCs.
This panel discussed issues emerging from these two cutting edge areas of competition law and policy.