Third Annual Conference
Economic Analysis of State Aid Rules

21 September 2006

9:00Registration
9:30 – 9:35Welcome Words
Damien Geradin Director of the GCLC
9:35 – 9:45Presentation of the Conference
Massimo Merola Partner, Bonelli Erede Pappalardo Jacques Derenne Partner, Lovells
MORNING SESSION - CHAIR: LOWRI EVANS AND MASSIMO MEROLA
9:45 – 10:10 General Economic Analysis of State Aid Issues
David Spector Chargé de Recherche, CNRS
10:10 – 10:20 Comments
Damien Geradin, Professor at the University of Liège and at the College of Europe
10:20 – 10:45 The Most Appropriate Economic Tool for a Better Targeted State Aid Policy
Rainer Nitsche Principal, CRA International
10:45 – 11:05Comments
Leigh Hancher, Professor at the University of Tilburg and Of Counsel, Allen & Overy
Massimo Merola, Partner, Bonelli Erede Pappalardo and Professor at the College of Europe
11:05 – 11:30Comments
Thibaut Kleiner, European Commission, DG COMP I-1, State aid policy
11:30 – 11:45Pause
11:45 – 12:00International Trade
David Spector, Chargé de Recherche, CNRS
Antoine Winckler, Partner, Cleary Gottlieb
12:00 – 12:10Comments
Marco Bronckers, Partner, WilmerHale
12:10 - 12:30Keynote Speech
Neelie Kroes, Commissioner in charge of Competition Policy
12:30 – 13:00Q & A Session
13:00 – 14:30Lunch
AFTERNOON SESSION - CHAIR: DAMIEN NEVEN, CHIEF ECONOMIST, DG COMP, TO BE CONFIRMED
14:30 – 14:50Market Private Investor Test and "Altmark"
Jorge Padilla, Managing Director, LECG
14:50 – 15:20Comments
Thomas Jestaedt, Partner, Jones Day
Marc Pittie, Partner, Bredin Prat
A representative from an Investment Bank – To be confirmed
15:20 – 15:50Q & A Session
15:50 – 16:15Pause
16:15 – 16:35Selectivity, Distortion, Effect on Trade
Penelope Papandropoulos, Principal, CRA International
16:35 – 16:50Comments
Bernard van de Walle de Ghelcke, Partner, Linklaters
16:50 – 17:10Comments
Vittorio di Bucci, Legal Service, European Commission
17:10 – 17:20Transfer of State resources
Pierre Kirch, Partner, Paul Hastings
Olivier d'Ormesson, Partner, Linklaters
17:20 – 17:50Q & A
17:50 – 18:00Procedure
Eric Morgan de Rivery, Partner, Jones Day
18:00 – 18:20Conclusion on the Notion of State Aid
Ben Smulders, European Commission, Head of Cabinet of Commissioner Neelie Kroes

Thursday 22 September 2006

MORNING SESSION - CHAIR: JACQUES DERENNE
9:30 – 10:45

Compatibility Assessment (balancing test), Architecture of the Rules, Instruments for Implementing the Balancing Test
Phedon Nicolaides, Professor at the European Institute of Public Administration (EIPA)
Comments: Frédéric Louis Partner, WilmerHale

Equity Assessment: e.g., Regional Aid
Jan Peter van der Veer, Senior Associate, RBB Economics
Comments: Till Müller-Ibold, Partner, Cleary Gottlieb

Efficiency Assessment (e.g., R&D and risk capital), Mathias Dewatripont, Professor, Free University of Brussels (ULB)
Comments: Conor Quigley QC, Barrister, Brick Court Chambers

10:45 – 11:15Q & A Session
11:15 – 11:30Pause
11:30 – 11:50Keynote speech: Will the Economic Analysis always Lead to a Stricter Approach?
Loretta Dormal-Marino, Director, European Commission, DG COMP-H
11:50 – 12:30Q & A Session
13:00End of conference