Our lawyers have been trailblazers for the new enthusiasm to integrate sustainability values into antitrust thinking. For many years a point of debate in academic circles, our team has shone a light where regulators and practitioners are now actively moving forward. Safe harbors are being identified in which businesses are able to cooperate in pursuit of environmental and social goals, without fear of being accused of collusion.
A Brussels-based Dechert team was recognized by the Financial Times in its “Innovative Lawyers Awards for Europe 2021” for achieving changes in competition law to accommodate sustainability initiatives requiring industry-wide coordination, such as promoting good environmental practices or paying a living income to farmers. Acting pro bono for the Fair Trade organization, the team advocated for a shift in the way the issue is treated by European competition authorities, so as to reassure those businesses that feared antitrust repercussions for cooperating with rivals over joint initiatives.
Chapter: CPI Antitrust Chronicle: Sustainability (Alec Burnside, Guest Editor) (July 2020)