Lars Wiethaus
Office:
Palais Leopold, Leopoldstr 8-12
80802
City:
Munich
Country:
Germany
Tel:
+49 89 20183 6352

Questions and Answers:

Who's Who Legal Thought Leaders - Competition: Economists

With more than 10 years of experience, Lars’ recent merger cases include Microsoft/LinkedIn, Deutsche Börse/London Stock Exchange (intervention) and Telefónica Deutschland/E-Plus. He has worked on various 102 cases and those involving vertical restraints, with a particular focus on network industries and platform markets. Lars has assessed damages in multiple high-profile claims, including in the smart card chips, automotive, trucks, beer, glass, telecoms, payment cards and online distribution sector. He speaks at conferences and provides economics training for judges.

WHAT IS THE MOST EXCITING PART OF WORKING IN COMPETITION LAW AT THE MOMENT?

There are a number of exciting developments from an economics perspective: the role and measurement of data in merger and antitrust cases, the assessment of vertical restraints in online distribution and of course the effects-based approached in 102 cases post-Intel. In working on German and EC cases, it remains exciting to see how the authorities shape their policies and priorities in these jurisdictions. 

WHEN YOU STARTED OUT DID YOU EXPECT TO PURSUE A CAREER AS A COMPETITION EXPERT?

Since my masters and PhD studies I have been fascinated by understanding the non-obvious ways
of how industries function, by means of analytical rigor. Working as a competition economist was a natural extension.

BRUSSELS IS A HUB OF COMPETITION POLICY. TO WHAT EXTENT IS THE DG COMP AHEAD OF THE CURVE WHEN IT COMES TO EFFECTIVE MODERN POLICY?

Considering the lag between the Guidance Paper and the Intel judgment, quite far ahead, one would think. But seriously, DG Comp sets itself apart in that it can go at any level of economic reasoning. If the CET is involved, your arguments will be heard and understood. That is reassuring. 

TO WHAT EXTENT IS A “NATIONAL” COMPETITION POLICY AN OUTMODED CONCEPT IN THE EU?

I would wish to say: very outmoded. But the reality is that it can matter a big deal, for example, whether a case involving vertical restraints or market power of platforms is assessed by DG Comp, the UK or Germany. On the defendant side jurisdiction is
fate, on the claimant side it can be an important strategic choice. 

WILL BREXIT AFFECT THE COHESION OF EUROPEAN COMPETITION POLICY?

Hopes are up that the continent’s approach to economic effects-based analysis will not become any less Anglo-Saxon.

WHAT DO PEOPLE LOOK FOR WHEN INSTRUCTING AN EXPERT TO TESTIFY IN COURT?

Credibility of the expert, robustness of the evidence and clarity of exposition. For internal risk assessment, people want a genuine opinion on the merits of the case and how it stands against the available evidence, as well as the evidence to be expected from the counterparty. For the testimony, more than anywhere else, a clear expression of the argument and its backing in the evidence is key.

WHAT HAS BEEN THE MOST INTERESTING CASE YOU HAVE WORKED ON?

Working for merging parties, Telefónica Deutschland/E-Plus for its multidimensionality, and the recent Microsoft/LinkedIn for its novel data based theories of harm. Working on the intervening side, Deutsche Börse/London Stock Exchange. In private litigation: Trucks.

WHAT WOULD YOU STILL LIKE TO ACHIEVE IN YOUR CAREER?

Peace of mind during Phase II mergers.

Biographies:

Who's Who Legal Competition: Economists

Dr Lars Wiethaus joined CRA as a vice president in June 2016 and splits his time between the Munich and Brussels offices. Previously, Lars was a director and head of the Brussels office at E.CA Economics. He started his career with LECG (Evans/Padilla group) in London.

With more than 10 years of consulting experience, Lars advised on numerous complex transactions including Microsoft/LinkedIn, Deutsche Börse/London Stock Exchange (third-party), Telefónica Deutschland/E-Plus, Vattenfall/Nuon, Edeka/Kaiser’s Tengelmann, Immonet/Immowelt, Liberty/Kabel BW, Swisscom/SRG/Ringier, Six/PayLife and Portugal Telecom/Sonaecom. He has worked on a large variety of article 102 cases and those involving vertical restraints, with a particular focus on network industries and platform markets. Lars has ample litigation experience, covering both defendants’ and claimants’ positions in claims concerning information exchanges, cartels, and vertical restraints. He has assessed damages in multiple high-profile claims, including in the smart card chips, automotive, trucks, beer, glass, telecoms, payment cards, and online distribution sector. He has advised on various regulatory matters in the field of telecommunications and energy. Lars is particularly experienced in cases concerning the European Commission, the German BKartA, the Austrian BWB and the Swiss WEKO. Lars has served as an expert at court. 

Lars is a co-editor of the Journal of European Competition Law and Practice. He has published widely in economics and law journals including the International Journal of Industrial Organization, Telecommunication Policy, Review of Industrial Organization, Information Economics and Policy, Economics of Innovation and New Technology, Journal of European Competition Law and Practice, and Wirtschaft und Wettbewerb. Lars regularly speaks at conferences and competition law seminars and provides economics training for judges.

Alternative address: Leopoldstr. 8-12, 80802 Munich. Tel: +49 89 20183 6352.

WWL says: Sources are consistently impressed by Lars Wiethaus's "strong analytical skills and pragmatism", with one noting, "It is always a pleasure to get his views on a case."

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

Who's Who Legal Germany - Competition Economists

Dr Lars Wiethaus joined CRA as a vice president in June 2016 and splits his time between the Munich and Brussels offices. Previously, Lars was a director and head of the Brussels office at E.CA Economics. He started his career with LECG (Evans/Padilla group) in London.

With more than 10 years of consulting experience, Lars advised on numerous complex transactions including Microsoft/LinkedInDeutsche Börse/London Stock Exchange (third-party), Telefónica Deutschland/E-PlusVattenfall/NuonEdeka/Kaiser’s TengelmannImmonet/ImmoweltLiberty/Kabel BWSwisscom/SRG/RingierSix/PayLife and Portugal Telecom/Sonaecom. He has worked on a large variety of article 102 cases and those involving vertical restraints, with a particular focus on network industries and platform markets. Lars has ample litigation experience, covering both defendants’ and claimants’ positions in claims concerning information exchanges, cartels, and vertical restraints. He has assessed damages in multiple high-profile claims, including in the smart card chips, automotive, trucks, beer, glass, telecoms, payment cards and online distribution sector. He has advised on various regulatory matters in the field of telecommunications and energy. Lars is particularly experienced in cases concerning the European Commission, the German BKartA, the Austrian BWB and the Swiss WEKO. Lars has served as an expert at court. 

Lars is a co-editor of the Journal of European Competition Law and Practice. He has published widely in economics and law journals including the International Journal of Industrial OrganizationTelecommunication PolicyReview of Industrial OrganizationInformation Economics and PolicyEconomics of Innovation and New TechnologyJournal of European Competition Law and Practice, and Wirtschaft und Wettbewerb. Lars regularly speaks at conferences and competition law seminars and provides economics training for judges.

Brussels office:
143 Avenue Louise
Brussels, 1050
Tel: +32 2 627 1402

WWL says: Lars Wiethaus is a leading name on damages calculations and article 102 cases where he is widely respected by both peers and clients alike.

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

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

Dr Lars Wiethaus joined CRA as a vice president in June 2016 and splits his time between the Munich and Brussels offices. Previously, Lars was a director and head of the Brussels office at E.CA Economics. He started his career with LECG (Evans/Padilla group) in London.

With more than 10 years of consulting experience, Lars advised on numerous complex transactions including Microsoft/LinkedIn, Deutsche Börse/London Stock Exchange (third-party), Telefónica Deutschland/E-Plus, Vattenfall/Nuon, Edeka/Kaiser’s Tengelmann, Immonet/Immowelt, Liberty/Kabel BW, Swisscom/SRG/Ringier, Six/PayLife, and Portugal Telecom/Sonaecom. He has worked on a large variety of article 102 cases and those involving vertical restraints, with a particular focus on network industries and platform markets. Lars has ample litigation experience, covering both defendants’ and claimants’ positions in claims concerning information exchanges, cartels, and vertical restraints. He has assessed damages in multiple high-profile claims, including in the smart card chips, automotive, trucks, beer, glass, telecoms, payment cards, and online distribution sector. He has advised on various regulatory matters in the field of telecommunications and energy. Lars is particularly experienced in cases concerning the European Commission, the German BKartA, the Austrian BWB and the Swiss WEKO. Lars has served as an expert at Court. 

Lars is a co-editor of the Journal of European Competition Law and Practice. He has published widely in economics and law journals including the International Journal of Industrial Organization, Telecommunication Policy, Review of Industrial Organization, Information Economics and Policy, Economics of Innovation and New Technology, Journal of European Competition Law and Practice, and Wirtschaft und Wettbewerb. Lars regularly speaks at conferences and competition law seminars and provides economics training for judges.

Brussels office:
143 Avenue Louise
Brussels, 1050
Tel: +32 2 627 1402

WWL says: Lars Wiethaus is a superb economist who “understands business logic and provides very sound economic advice". Sources add, "His advice is crystal clear.”

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

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