By Khatia Kvitsiani, Ministry of Justice of Georgia; ELGU Alumna
In the modern globalized world, extraterritoriality has become a sensitive topic of competition law. The more economically interdependent the states become, the more difficult it is to regulate competition. This policy brief investigates the application of European Union competition law beyond the borders, concentrating on the issue of overlapping jurisdictions. Based on the case study it highlights the risks that foreign firms face from struggling with different regulatory approaches. With some suggestions for improved regulatory coherence, this brief adds to the continuing discussion on striking a balance between upholding the principle of international comity and enforcing competition laws effectively.
