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7 Competition L. Int'l 7 (2011)
Antitrust and Arbitration in Regulated Sectors

handle is hein.journals/cmpetion7 and id is 85 raw text is: ANTITRUST AND ARBITRATION

Antitrust and Arbitration

T he articles in this section reflect the diverse role
played by arbitration in competition law and by
competition law in arbitration.
The article by Decker and Gray discusses the use of
arbitration in regulated industries for the resolution
of disputes. Here it is common for the regulator to be
the arbitrator. Arbitration is being used in this situation
as a pragmatic response to the challenges of enforcing
antitrust law in regulated sectors.
There are other scenarios where competition law
issues arise in the course of an arbitration. Those
issues may be raised directly by the parties or are
raised by the arbitrator and if they arise, they need to
be raised or there is a risk that the arbitral award will
not be enforced. The article by Professor Radicarti di
Brosolo discusses how arbitrators apply competition
law and the way in which courts have interpreted their
role in reviewing the application of competition law

by arbitral bodies. That has lead to a relatively happy
coexistence which has a sound base in theory.
The question which then arises is what are the practical
challenges for the arbitration of competition law issues?
In Mamane and Menz's article, the authors discuss
some practical issues focusing on how evidentiary issues
are dealt with and the challenges they bring, given an
arbitrator does not have coercive powers.
As a whole, the articles in this section reflect the
increased importance of arbitration in the context of
competition law and demonstrate the flexibility which
arbitration has and the benefits which accrue to the
parties as a result.
Linda Evans
Clayton Utz, Sydney

Antitrust and Arbitration in
Regulated Sectors

Christopher Decker
University of Oxford, Oxford
christopher.decker@css.ox.ac.uk
Introduction
Antitrust and economic regulations are often viewed as
functional substitutes in regulating network industries
(such as telecommunications, gas, electricity and water) .
However, regulators in some jurisdictions have shown a
preference for economic regulation over antitrust2 (despite
a general policy expectation that, as competition develops
in a sector, there will be a transition towards antitrust) .3
COMPETITION LAW INTERNATIONAL November 2011

Harriet Gray
Australian National University Canberra
grayh@Iaw.anu.edu.au
This article explores why this preference may exist by
examining a frequently used tool of economic regulation:
arbitration or dispute resolution by the regulator. The use
of 'regulatory arbitration' as an alternative to antitrust
intervention is explored using the Australian and United
Kingdom (UK) telecommunications regimes as case studies.
We conclude that regulatory arbitration may represent
a pragmatic response to the challenges associated with
enforcing antitrust law in regulated sectors. However,

7

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