Thursday, 17 May
16:00 - 18:30
Lecture hall, General Staff Building (6-8, Dvortsovaya sq.)
The largest companies in order to increase their competitiveness in the market are using the latest tools of the digital economy. Algorithms that analyze the prices of competitors and determine the dynamics of the market firmly entered the usual practice of business giants. New types of anticompetitive agreements concluded without the presence of people, the autonomous activity of robots for the coordination of prices and the “self-education” of machines, the purpose of which is to maximize profit, have become a modern reality. All this requires prompt monitoring conducted by antimonopoly regulators. Are there any actual tools in the arsenal of competition authorities for suppressing such practices? To ensure the effectiveness of competition law and antimonopoly enforcement at a time when artificial intelligence is becoming an integral part of modern life, competition authorities must be prepared to go beyond the consideration of traditional forms of restrictive practices, assess existing mechanisms for combating violations, and review the types of punishments for various forms of anticompetitive agreements.
During the session, the participants will discuss, on the one hand, the use of algorithms in creating and coordinating the cartel, and on the other hand, the role of digital resources available to regulators used to detect and suppress collusions.
State Secretary - Deputy Head, Federal Antimonopoly Service of the Russian Federation
Head of the Anti-Cartel Department, Federal Antimonopoly Service of the Russian Federation
Professor, University College London
Senior Legal Affairs Officer, Competition & Consumer Policies Branch UNCTAD
Partner - Head of Competition Law Practice, Egorov Puginsky Afanasiev & Partners
Natalia advises and represents clients in all areas of Russian competition law. She coordinates merger control approvals of domestic and international transactions, regularly appears before the Federal Antimonopoly Service during antitrust investigations in cases concerning abuse of dominance, concerted actions, cartels and vertical restraints, advises on business restructurings and market strategies to comply with antimonopoly regulations, as well as a variety of other matters.
She is a member of the Competition Experts Association, and a number of Advisory Councils at the Federal Antimonopoly Service of Russia. Thanks to her active involvement in drafting of laws, she has contributed to the drafting of inter alia the Second and the Third “Antimonopoly Packages” of laws, of amendments and additions to the federal laws “On Competition Protection” and “On Strategic Investments”, of the Governmental Regulation No. 583 (with respect to “vertical agreements”).
In 2016 Natalia has been named as one of the Global Competition Review’s Women in Antitrust, being the only lawyer from Russia to be featured among the 100 elite practitioners working on public and private aspects of antitrust litigation and enforcement across multiple jurisdictions.
Natalia Korosteleva graduated from the Law School of Krasnoyarsk State University in 2001 and the All-Russian State Tax Academy of the Ministry of Finance of the Russian Federation in 2005. In 2008 she also completed a business law course at the International Law Institute, Washington, DC, USA.
Associate Professor of the Department of Commercial Law, St. Petersburg State University
Official, State Administratina for Industry and Commerce
* The Programme may be subject to change
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