The pros & cons of overseas adventures
There is clear value in learning from other jurisdictions as growing international co-operation – and the Harper Report – demonstrate. The High Court warns, however, of the “danger that principles relevant to the laws of other countries may be adopted uncritically and without regard to the context in which they were developed”. This edition of TSoC – the second in our series on policy development – considers some of the often forgotten differences that impact on the adaptability of overseas wisdom. Focusing on the US and Europe, we examine the legal systems themselves, approaches to market definition and the application of the competition test.