Regulating Vertical Agreements: A Comparative Law & Economics analysis of Brazil and Europe

This PhD thesis discusses antitrust enforcement of anti-competitive vertical agreements in Europe and in Brazil from an institutional perspective. It considers both the evolution of the legal framework and the application of the existing policies, with the analysis of case studies. The research highlights the main challenges of the current approaches adopted by the competition authorities in these jurisdictions and formulates specific proposals for future improvements. Because the Brazilian competition rules were originally inspired by the European legal framework, this thesis also summarizes the contemporary discussions regarding comparative law and the efficiency of transplanting laws and good practices. In a Law & Economics perspective, vertical agreements have always been a paradoxical topic and constitute one of the most dynamic disputes for antitrust enforcement. The reason for that concern is the fact that those contracts among companies are complex in nature. Taking into account this background, the thesis provides an original analysis of the pro- and anti-competitive effects of vertical agreements, based on the classical literature of Law & Economics. One of the novelties of the research is the extension of the economic analysis of vertical agreements to also consider new forms of contractual abuses in the context of digital markets, such as the contractual restrictions that are being put I practice in e-commerce platforms. The international comparative approach focuses on the Brazilian and European experiences, and opens up a reflection about the policy recommendations applied to several countries with similar economic and institutional realities.

la necesidad de un proceso de homologacion para los acuerdos de refinanciación en la ley española

En esta tesis doctoral he encontrado un enorme problema en la regulación de los Acuerdos de Refinanciación en la Ley Concursal. Impide el derecho de defensa de los acreedores y de cualquier otro interesado. Por ello en aplicación de la Ley Concursal Italiana (modelo elegido por el legislador español) los problemas serían solucionados. La solución la encontramos mediante la inserción del proceso de homologación de los Acuerdos de Refinanciación en la Ley Concursal Española.

Ricerche sulle Res cottidianae

Le Res cottidianae sive Aurea sono un’opera giuridica elementare di diritto privato romano. A differenza delle Institutiones di Gaio, di cui abbiamo conoscenza in larga misura grazie al palinsesto Codice Veronese, tutto ciò che sappiamo delle res cottidianae si arresta a ventisei frammenti che ci sono tramandati dal Digesto. Dibattuta è la loro paternità, dibattuta la genuinità del loro contenuto, dibattuti sono il titolo che recavano e di quanti libri fossero composte. La presente ricerca tenta di rispondere a queste vexatae quaestiones e offrire nuove prospettive alla risoluzione del c.d. «enigma gaiano». Punto di partenza sarà una indagine preliminare sul rapporto intercorrente tra le res cottidianae e le Institutiones di Gaio, volta a mostrare la struttura parallela delle due opere, le analogie testuali, i punti di contatto e divergenza. Ci si addentrerà, in seguito, nei ventisei frammenti delle res cottidianae, posto che qualsiasi riflessione scientifica sull’opera non può essere svincolata dall’analisi testuale. Si offrirà infine un bilancio complessivo delle res cottidianae, anche in relazione all’effettiva portata del lascito gaiano agli studi giuridici di diritto positivo.

The Financial Services Regime in International Economic Law: on the Difficult Relationship between Trade Liberalization and Prudential Measures

The PhD thesis analyses the financial services regime in international economic law from the perspective of the difficult relationship between trade liberalisation and prudential measures. Financial stability plays a fundamental role for the well-being and well-functioning of the global economy, but, it is at the same time a complex sector to regulate and supervise and, especially after the 2007-08 economic crisis, States have tightened up their regulation of financial services, introducing more severe and protectionist prudential measures. However, in an increasingly interconnected global economy, the harmonization of prudential regulation at the international level is an essential step to guarantee integrity, fairness and stability of financial markets and trade. The research analyses the tools at disposition to achieve this aim, the related problematic issues and the perspectives and possible solutions for the future, starting from the World Trade Organization (WTO) legal framework and its General Agreement on Trade in Services (GATS), devoted to discipline trade in services among the WTO Members. Then, the research moves to a second legal instrument, the Free Trade Agreements (FTAs), which has witnessed a remarkable spread in the last decades. Finally, the research addresses the international standards, developed by supranational entities and implemented by an increasing number of States, as they offer rules and guidelines adequate to update the international financial scenario. Nevertheless, the international standards alone cannot be the solution because, first, they are not mandatory, as governments decide voluntarily to apply them and, second, their decision-making process do not respect the requirements of transparency and representative membership. In light of this analysis, the thesis aims at providing an answer to its research question: how to give more certainty to States and economic operators in the planning of the domestic disciplines and business activities in order to provide a sound and stable international financial system.