Vincent Verouden
Office:
222 Louizalaan / Avenue Louise
B-1050
City:
Brussels
Country:
Belgium
Tel:
+32 2 808 46 98

Questions and Answers:

Who's Who Legal Thought Leaders - Competition: Economists

Vincent Verouden, a Dutch national, is a director of E.CA Economics. He has over 15 years’ experience across all areas of competition policy (antitrust, merger control and state aid control). He started working at the European Commission in 2000, first in the Merger Task Force and, subsequently, for the Chief Economist Team. In 2012, he was appointed Deputy Chief Economist of DG Competition. In 2014, Vincent joined E.CA Economics in its Brussels office. 

WHAT HAS BEEN THE PROUDEST MOMENT OF YOUR CAREER SO FAR?
The adoption of the Horizontal and Non-Horizontal Merger Guidelines by the European Commission. I was involved in the preparation of both documents, a tremendous experience. I was also particularly happy to see my book EU State Aid Control: Law and Economics (co-edited with Philipp Werner) published late last year!

HOW DOES YOUR EXPERIENCE WORKING AT THE EUROPEAN COMMISSION ADD TO YOUR PRACTICE?
Clients often ask: what will the Commission do? I usually reply that I do not have a crystal ball. Still, my long experience at the Commission puts me in a position where I can say sensible things about what is likely to be important for the Commission in the case at hand (I think!).

E.CA ECONOMICS PROVIDES CASE-RELATED POLICY AND REGULATORY ADVICE. WHAT IS THE MOST INTERESTING CASE YOU HAVE WORKED ON DURING YOUR TIME AT THE FIRM?
I have been fortunate to work on several interesting cases so far. If I had to pick one though, it would probably be the 2016 AB InBev/Bosteels transaction, challenged by Heineken. An interesting mix of market definition issues (beers!), theories of harm (classic unilateral effects versus portfolio effects) and legal issues (continental can).

HOW HAS THE CURRENT GLOBAL ECONOMIC SITUATION IMPACTED COMPETITION LAW PRACTICE IN EUROPE?
Obviously, the ample availability of “cheap money” (low interest rates) has fuelled many large M&A deals in recent years. Apart from that, the crisis years have had a big impact in the field of state aid control (state aid to the banks, tax rulings cases, state aid modernisation).

WHAT ARE THE KEY CHALLENGES FACING CONSULTANTS AT THE MOMENT?
To remain truthful to consistent, fact-based analysis is really important. Apart from that, there is a lot of work right now, not least coming from the area of private litigation (damages claims).

HOW HAS YOUR FIRM HAD TO ADAPT TO OVERCOME THESE CHALLENGES?
We have expanded to cope with the extra demand for economic advisory services.

WHAT IS THE KEY TO YOUR SUCCESS?
I believe I have an analytical mindset and a strong ability to listen and explain. This helps a lot when working in teams and interacting with others in the field (as is often the case in the context of competition cases, whether you work in the private or public sector).

Biographies:

Who's Who Legal Competition: Economists

Vincent Verouden, PhD, joined E.CA Economics in 2014 as a director of the Brussels office, after having served as a deputy chief economist at the European Commission’s Directorate-General for Competition (DG Competition).

Vincent, a Dutch national, started his professional career at DG Competition in January 2000. In his early years there, he worked for the merger task force (MTF). In addition to reviewing individual merger cases, he was also one of the co-authors of the Commission’s Horizontal Merger Guidelines, published in 2004. Subsequently, Vincent worked for DG Competition’s Chief Economist Team (CET), serving as deputy chief economist between 2012 and 2014. In his time at the CET, Vincent took a lead role in the development of the Non-Horizontal Merger Guidelines (2008) and the Commission’s antitrust inquiry into the pharmaceutical sector (2008–2009) and related cases. He was also deeply involved in the economic analysis of state aid cases and the development of policy in this field (state aid modernisation).

His present consulting activities span the fields of antitrust, merger control and state aid control. Recent engagements include work for Airbus Helicopter, ArcelorMittal, Heineken, HeidelbergCement, LG Chem, CVC Capital Partners and Jacobs Holding AG.

Vincent is an extramural fellow at the Tilburg Law and Economics Centre (TILEC), a solvay fellow at the Vrije Universiteit Brussel (VUB) and a maître de conférences at the University of Liège/Brussels School of Competition. He is the author of many publications on competition policy, and a co-editor of the reference book EU State aid control: Law and Economics (Kluwer, 2017).

WWL says: Vincent Verouden is an expert in merger control and state aid matters and has significant experience of European competition policy, which he uses to aid clients across the  continent.

This biography is an extract from Who's Who Legal: Competition which can be purchased from our Shop.

Who's Who Legal Consulting Experts: Experts - Economics - Competition Economists

Dr Vincent Verouden joined E.CA Economics in 2014 as a director of the Brussels office, after having served as a deputy chief economist at the European Commission’s Directorate-General for Competition (DG Competition).

Vincent, a Dutch national, started his professional career at DG Competition in January 2000. In his early years there, he worked for the Merger Task Force (MTF). In addition to reviewing individual merger cases, he was also a co-author of the Commission’s Horizontal Merger Guidelines, published in 2004. Subsequently, Vincent worked for DG Competition’s Chief Economist Team (CET), serving as deputy chief economist between 2012 and 2014. In his time at the CET, Vincent took a lead role in the development of the Non-Horizontal Merger Guidelines (2008) and the Commission’s antitrust inquiry into the pharmaceutical sector (2008–2009) and related cases. He was also deeply involved in the economic analysis of state aid cases and the development of policy in this field (state aid modernisation).

His present consulting activities span the fields of antitrust, merger control and state aid control. Recent engagements include work for Airbus Helicopter, ArcelorMittal, Heineken, HeidelbergCement, LG Chem, CVC Capital Partners and Jacobs Holding AG.

Vincent is an extramural fellow at the Tilburg Law and Economics Center (TILEC), a Solvay Fellow at the Vrije Universiteit Brussel (VUB) and a maître de conférences at the University of Liège/Brussels School of Competition. He is the author of many publications on competition policy, and a co-editor of the reference book EU State aid control: Law and Economics (Kluwer, 2017).

WWL says: The "outstanding" Vincent Verouden is an expert in merger control and state aid matters with significant experience in European competition policy.

This biography is an extract from Who's Who Legal: Consulting Experts which can be purchased from our Shop.

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