Strategic Research Sponsor of the American Bar Association's Section of International Law
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, is a director at the Brussels office of E.CA Economics.

Vincent, a Dutch national, started his career at the European Commission in January 2000. In the first years, he worked for the Merger Task Force (MTF), where he was involved in the review of mergers and acquisitions across a broad range of sectors. He was one of the co-authors of the Horizontal Merger Guidelines published in 2004.

Subsequently, Vincent worked for DG Competition’s Chief Economist Team (CET), most recently (2012–2014) as a deputy chief economist. At the CET, Vincent had a lead role in the development of the Non-Horizontal Merger Guidelines (2008). He also contributed to the Commission’s antitrust inquiry (2008–2009) into the pharmaceutical sector and related cases. In the area of state aid control, he contributed significantly to the economic analysis of individual cases and to the development of state aid policy.

His present consulting activities span the fields of antitrust, merger control and state aid control. Recent engagements include work for Heidelberg Cement, Airbus, Heineken, CVC Capital Partners and LG Chem.

Vincent is an extramural fellow at the Tilburg  Law and Economics Centre of Tilburg University. He also teaches at the Brussels School of Competition’s LLM programme. He is the author of many publications on competition policy and co-editor of the book EU State Aid Control: Law and Economics (Wolters Kluwer 2016).

WWL says: Vincent Verouden, former deputy chief economist at the European Commission, stands out for his insight into merger guidelines and the competitive effects of state aid control.

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

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

Vincent Verouden is a director at E.CA Economics in Brussels. His consulting activities span the fields of antitrust, merger control and state aid control.

Until October 2014, he worked at DG Competition of the European Commission, most recently (2012-2014) as Deputy Chief Economist. During his time at DG Competition, Vincent Verouden contributed to the economic analysis of numerous competition cases as well as to policy development, in particular the EU’s Horizontal Merger Guidelines (2004), the Non-Horizontal Merger Guidelines (2008), the sector inquiry into the pharmaceutical sector (2008-2009) and the State Aid Modernisation (2012-2014).

Vincent Verouden received a PhD in economics from Tilburg University in 2001. He is an extramural fellow at TILEC (Tilburg Law and Economics Centre) and teaches at the Brussels School of Competition’s LLM programme. He is author of numerous publications on the economics of competition. He recently edited the book EU State Aid Control: Law and Economics (Wolters Kluwer 2016) with Philipp Werner.

WWL says: The “excellent” Vincent Verouden is widely considered one of the finest state aid specialists in the European market.

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

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