International Legal Highlights Korea | July 2022 - McDermott Will & Emery

Overview


 

Understanding Construction Risk on Infrastructure Investments


David Kiefer

Private investment in infrastructure, especially renewable energy projects, is surging across the globe. In fact, total new investment in renewable energy hit an all-time high during the first half of 2021. The resulting competition among investors has led funds to invest in riskier projects in the hopes of obtaining higher returns.

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DOJ to Devote Substantial Resources to Investigating and Prosecuting Corporate Crime, Emphasizing Importance of Effective Compliance Programs


Julian L. AndrΓ© | Sarah E. Walters | Edward B. Diskant | Paul M. Thompson | Benton Curtis

In March 3, 2022, speeches at the American Bar Association’s Annual National Institute on White Collar Crime (ABA White Collar Institute), US Attorney General (AG) Merrick GarlandΒ andΒ US Assistant Attorney General for the Criminal Division (AAG) Kenneth Polite Jr. addressed the US Department of Justice’s (DOJ) increased commitment to investigating and prosecuting corporate crime.

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DOJ Antitrust Division Signals Impending Criminal Monopolization


Katharine O'Connor | Paul M. Thompson | Claire E. Danberg

On March 2, 2022, the US Department of Justice (DOJ) Antitrust Division Deputy Assistant Attorney General Richard Powers revealed that the DOJ intends to investigate and pursue alleged criminal violations against individuals or companies who violate Section 2 of the Sherman Act.Β  For more than 40 years, criminal enforcement of antitrust laws have focused nearly exclusively on hardcore, per se anticompetitive agreements (i.e., price fixing, output restriction or market allocation) among two or more horizontal competitors.Β  Section 2 of the Sherman Act, on the other hand, primarily focuses on conduct by one firm or company with significant market power and, typically, is a means to bring a civil case for monopolization or anticompetitive use of the existing monopoly power.

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Think Green Before You Apply: EU Competitition Law and Climate Change Abatement


Jacques Buhart | David Henry

The European Union (EU) has sounded the alarm: β€œclimate change and environmental degradation are an existential threat to Europe and the world”. To mitigate this threat, the EU recently presented the β€˜European Green Deal’ (EGD), which aims to achieve climate neutrality by 2050. While competition policy may not be the most obvious instrument to achieve this aim, it does in the authors’ view have a role to play. This article seeks to offer some perspective on how the rules pertaining to Article 101(3) TFEU and the EU Merger Regulation (EUMR) could be applied differently and/or amended to effectively accommodate environmental benefits.

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인프라 투자의 리슀크 이해


David Kiefer

인프라, 특히 μž¬μƒκ°€λŠ₯ μ—λ„ˆμ§€ ν”„λ‘œμ νŠΈ 뢀문에 λŒ€ν•œ λ―Όκ°„ νˆ¬μžκ°€ μ „ μ„Έκ³„μ μœΌλ‘œ κΈ‰μ¦ν•˜κ³  μžˆμŠ΅λ‹ˆλ‹€. μ‹€μ œλ‘œ 2021λ…„ μƒλ°˜κΈ° μž¬μƒκ°€λŠ₯ μ—λ„ˆμ§€ μ‹ κ·œ 투자 총앑은 μ—­λŒ€ 졜고치λ₯Ό κΈ°λ‘ν–ˆμŠ΅λ‹ˆλ‹€. 이에 따라 νˆ¬μžμžλ“€ κ°„ 경쟁이 μΉ˜μ—΄ν•΄μ§€λ©΄μ„œ 더 높은 μˆ˜μ΅μ„ 바라고 더 μœ„ν—˜ν•œ ν”„λ‘œμ νŠΈμ— νˆ¬μžν•˜λŠ” κ²½ν–₯이 λ‚˜νƒ€λ‚˜κ³  μžˆμŠ΅λ‹ˆλ‹€.

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λ―Έ λ²•λ¬΄λΆ€μ˜ 기업범죄 μˆ˜μ‚¬ μ—­λŸ‰ 강화와 이에 λ”°λ₯Έ λŒ€μ²˜μ— κ΄€ν•΄


Julian L. AndrΓ© | Sarah E. Walters | Edward B. Diskant | Paul M. Thompson | Benton Curtis

2022λ…„ 3μ›” 3일, μ—°λ°© κ²€μ°°μ²­μ˜ λ©”λ¦­ κ°ˆλžœλ“œ 총μž₯κ³Ό μΌ€λ„€μŠ€ 폴라이트 μ£Όλ‹ˆμ–΄ 뢀총μž₯은 λ―Έκ΅­ λ³€ν˜Έμ‚¬ ν˜‘νšŒμ˜ μ—°λ‘€ ν™”μ΄νŠΈ 칼라 범죄 μ‹¬ν¬μ§€μ—„μ—μ„œμ˜ 연섀을 톡해 λ―Έ λ²•λ¬΄λΆ€μ˜ κΈ°μ—… 범죄 μˆ˜μ‚¬ κ°•ν™” μ˜μ§€λ₯Ό 천λͺ…ν•˜μ˜€μŠ΅λ‹ˆλ‹€.

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λ°˜λ…μ λ²• μœ„λ°˜μ— λŒ€ν•œ ν˜•μ‚¬ μ²˜λΆ„ κ°€λŠ₯성에 κ΄€ν•˜μ—¬


Katharine O'Connor | Paul M. Thompson | Claire E. Danberg

졜근 λ―Έ 법무뢀 λ°˜λ…μ κ΅­μ€ μ…”λ¨Ό λ°˜λ…μ λ²• 제2μ‘° μœ„λ°˜ ν–‰μœ„λ₯Ό ν˜•μ‚¬ μ œμž¬ν•  수 μžˆλ‹€λŠ” μž…μž₯을 λ°ν˜”μŠ΅λ‹ˆλ‹€. 가격담합, μ‹œμž₯ λΆ„ν• κ³Ό 같은 제1μ‘° μœ„λ°˜ ν–‰μœ„μ— λŒ€ν•΄ 민사 및 ν˜•μ‚¬μ œμž¬λ‘œ λŒ€μ‘ν–ˆλ˜ κ²ƒκ³ΌλŠ” λŒ€μ‘°μ μœΌλ‘œ 독점화 및 독점 곡λͺ¨λ₯Ό ν¬ν•¨ν•œ 제2μ‘° μœ„λ°˜ ν–‰μœ„μ— λŒ€ν•΄μ„œλŠ” 거의 ν˜•μ‚¬ μ²˜λΆ„ν•˜μ§€ μ•Šμ•˜λ˜ μ§€λ‚œ 40μ—¬ λ…„ 이상 이어진 μ •μ±…μ˜ 급진적 λ³€ν™”λ₯Ό μ˜ˆκ³ ν•œ κ²ƒμž…λ‹ˆλ‹€. μ΄λŸ¬ν•œ μ •μ±… λ³€ν™”μ˜ λ°°κ²½μ—λŠ” 특히 ν…Œν¬ μ‚°μ—…μ—μ„œ λŒ€κΈ°μ—…μ˜ μ‹œμž₯ 집쀑과 독점이 μ‹¬ν™”λ˜λŠ” λ“± ν˜„μž¬μ˜ μ‹œμž₯ ν™˜κ²½μ— 기쑴의 λ°˜λ…μ λ²• 집행이 μΆ©λΆ„νžˆ λŒ€μ²˜ν•˜μ§€ λͺ»ν•˜κ³  μžˆλ‹€λŠ” 인식이 κΉ”λ € μžˆμŠ΅λ‹ˆλ‹€. λ§Žμ€ ν•œκ΅­ 기업듀이 λ‹€μ–‘ν•œ λ―Έκ΅­ μ‹œμž₯μ—μ„œ 독점에 κ°€κΉŒμš΄ μ‹œμž₯ 지배λ ₯을 가지고 μžˆλ‹€λŠ” μ μ—μ„œ μ…”λ¨Ό λ°˜λ…μ λ²• 2μ‘°λ₯Ό λ‘˜λŸ¬μ‹Ό μ •μ±… λ³€ν™”λŠ” ν•œκ΅­ 기업듀에 μ€‘μš”ν•œ μ‹œμ‚¬μ μ„ κ°€μ‘Œλ‹€ λ³Ό 수 μžˆμŠ΅λ‹ˆλ‹€. λ―Έ 법무뢀 λ°˜λ…μ κ΅­μ΄ ν•œκ΅­ κΈ°μ—…μ˜ 독점적 μ‹œμž₯ 지배λ ₯을 제2μ‘° μœ„λ°˜μœΌλ‘œ 보고 쑰사에 λ‚˜μ„œκ±°λ‚˜ 더 λ‚˜μ•„κ°€ ν˜•μ‚¬ κΈ°μ†Œν•˜λŠ” 상황을 λ°©μ§€ν•˜λ €λ©΄ ν•˜λ£¨λΉ¨λ¦¬ μ μ ˆν•œ μ»΄ν”ŒλΌμ΄μ–ΈμŠ€ ν”„λ‘œκ·Έλž¨μ„ 개발, 이행해야 ν•©λ‹ˆλ‹€.

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EU κ²½μŸλ²•κ³Ό κΈ°ν›„ λ³€ν™” κ°μ†Œμ„Έμ— λŒ€ν•΄


Jacques Buhart | David Henry

μœ λŸ½μ—°ν•©(EU)λŠ” β€œκΈ°ν›„ 변화와 ν™˜κ²½ νŒŒκ΄΄λŠ” 유럽과 세계에 μžˆμ–΄ 싀쑴적 μœ„ν˜‘β€μ΄λΌλŠ” κ²½κ³ λ₯Ό λ°œλ Ήν–ˆμŠ΅λ‹ˆλ‹€. μ΄λŸ¬ν•œ μœ„ν˜‘μ„ μ™„ν™”ν•˜κΈ° μœ„ν•˜μ—¬ μœ λŸ½μ—°ν•©(EU)λŠ” 졜근 2050λ…„κΉŒμ§€ κΈ°ν›„ 쀑립을 λ‹¬μ„±ν•˜λŠ” 것을 λͺ©ν‘œλ‘œ ν•˜λŠ” β€˜μœ λŸ½ κ·Έλ¦° λ”œβ€™ (EGD)을 λ°œν‘œν–ˆμŠ΅λ‹ˆλ‹€.Β  경쟁 정책이 μ΄λŸ¬ν•œ λͺ©ν‘œμ˜ 달성을 이루기 μœ„ν•œ κ°€μž₯ λΆ„λͺ…ν•œ μˆ˜λ‹¨μ€ 아닐 지라도, λ³Έ μ €μžλ“€μ˜ κ²¬ν•΄λ‘œλŠ” μ˜λ―ΈμžˆλŠ” μˆ˜λ‹¨μœΌλ‘œμ„œμ˜ μ—­ν™œμ„ ν•  수 μžˆλ‹€κ³  λ΄…λ‹ˆλ‹€.Β  λ”°λΌμ„œ, λ³Έ 글을 톡해 TFEU 제 101μ‘° (3)ν•­ 및 μœ λŸ½μ—°ν•© 합병 κ·œμ •(EUMR)κ³Ό κ΄€λ ¨λœ κ·œμΉ™μ΄ ν™˜κ²½μ  이읡을 효과적으둜 μˆ˜μš©ν•˜κΈ° μœ„ν•΄ μ–΄λ–»κ²Œ λ‹€λ₯΄κ²Œ μ μš©λ˜κ±°λ‚˜ μˆ˜μ •λ  수 μžˆλŠ”μ§€μ— λŒ€ν•œ λͺ‡κ°€μ§€ κ³ λ € 사항을 μ œμ•ˆν•˜κ³ μž ν•©λ‹ˆλ‹€.

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Endnotes


Editorial Board:Β 

ANDREW LEEΒ  Β μ•€λ“œλ₯˜ 리 / 이쀑배

PARTNER | WASHINGTON, DC

ajlee@mwe.com

EUNSOOK JUNG WILEYΒ  Β μ •-와일리 μ€μˆ™

STAFF ATTORNEY | CHICAGO

ejungwiley@mwe.com

EUNJI KANGΒ   강은지

STAFF ATTORNEY | SINGAPORE

ekang@mwe.com

BAROM CHONΒ  전바둬

LEGAL SECRETARY | WASHINGTON, DC

bchon@mwe.com