The contribution of in-house legal departments to corporate strategy continues to evolve in response to market pressures, growing regulatory complexity and increased political interventionism.
In the course of the Lex Mundi Summit, participants identified three major challenges arising from these trends:
» first, corporate counsel need to keep up with the constantly changing political and economic conditions as well as the regulatory framework driving the decisions and attitude of national competition authorities;
» second, more efficient coordination of competition law matters is required in order to avoid delays or spillover effects between jurisdictions and
» third, in-house competition counsel need to be involved in corporate strategy planning at an earlier stage so that competition law challenges can be identified early on and managed more efficiently.
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