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About Stephen Dnes

Stephen Dnes is an Associate Professor in Law at Northeastern University London. Following legal education at Trinity College, University of Cambridge, and the University of Virginia School of Law, Stephen was admitted to the New York Bar and developed a competition law practice with periods of work in Brussels, London, New York, and Washington, working on behalf of – and against – many household names on precedent-setting competition law issues arising in concentrated markets. He continues this practice with leading firms in London alongside his academic work.

In his scholarly work, Stephen seeks to bring clarity to those complex areas of the law where legal and economic regulation meet, with an emphasis on competition law, trade law, and banking regulation. In the past, he has developed a new LL.M. course in Banking and Finance law; and has taught at all levels from introductory courses to doctoral examination, including responsibility for final year law studies and a degree pathway at a major Scottish University.

He has also held appointments at the Universities of Aberdeen, Glasgow, Leicester, and Brunel University London in a range of teaching and research roles. In learned and professional societies, Stephen has acted as International Rapporteur for a major project undertaken by an international professional body, and holds an appointment from the U.S. Federal Trade Commission as a Non-Governmental Advisor to the International Competition Network.


Associate Member, Brussels Bar (2013)

Attorney at Law, New York Bar (2011)

LLM, University of Virginia School of Law (2010)

BA (Hons) (MA Conferred), University of Cambridge (2009)

Professional Affiliations

American Bar Association, Antitrust Law Section (since 2012)

International Bar Association, Antitrust and Trade Law Section (since 2012; invited to join as Section Scholar)

British Institute of International and Comparative Law, Competition Law Forum, forum member (since 2015)

Law Society of England and Wales, Competition Law Association (since 2015)

External Examiner Appointments

University of Glasgow

University of Nottingham



Stephen Dnes's Research

Stephen has worked on a variety of research projects, from his first academic appointment on an EU-funded Framework 7 Project into the reform of international competition law litigation, the results of which were published in Cross- Border EU Competition Law Actions, M. Danov, F. Becker and P. Beaumont eds. (Oxford: Hart Publishing, 2013; book cited by the EU courts). In addition, Stephen has written many peer-reviewed and specialized articles, with recent publications in the George Mason Law Review, Competition Policy International, and the Competition Law Review, as well as several chapters in edited volumes produced from publicly funded research projects.

Alongside publications, significant research-focused assignments have included:

Law Research Officer, Northeastern University London. Responsibility for co-ordination, administration and encouragement of research in the law faculty in co-ordination with colleagues in other disciplines. (August 2017 – present)

International Rapporteur, International League of Competition Law. Engaged by the international competition law association LIDC (International League of Competition Law) to research, design and deliver a report based on co-ordination with national rapporteurs in countries around the world. Report addressing competition law issues in pharmaceutical industries presented and recommendations accepted with a sole revision; reports published by Springer in October 2017. (October 2015 – October 2016)

Research assistant, Brunel University, London and University of Aberdeen: Researcher on a publicly funded research project into antitrust litigation reforms. Researched from primary materials, interviewed practitioners and regulators to gather data, prepared papers and coordinated with research partners in the U.K. and Germany. Results published in Cross-Border EU Competition Law Actions (Oxford: Hart Publishing, 2013). (2010 – 2012)

Selected Publications

Journal articles:

“The Good, the Bad, and the Ugly in Competition Law Enforcement” CPI Antitrust Chronicle (1) 32 (January 2017), co-authored with T. Cowen

“Antitrust in the EU Digital Markets: A Case Study” CPI Antitrust Chronicle (1) 14 (July 2016), co-authored with T. Cowen.

“Object and Effect: What role for structured evidence rules?” 11(2) Competition Law Review (2016), presented at Competition Law Scholars’ Forum at the University of Lancaster in April 2015.

“The Accidental Conception of Multijurisdictional Merger Review” co-authored with W. Blumenthal, 21(5) George Mason Law Review 1145 (2014), presented at the 17th Annual Antitrust Symposium The FTC: 100 Years of Antitrust and Competition Policy held at the George Mason University School of Law (February 2014).

Book chapters:

“Economic issues in the litigation pattern,” Forthcoming in Hart Publishing, Cross Border Litigation (M. Danov, F. Becker and P. Beaumont eds.).

“An Economic Approach to Remedies in Private Competition Law Claims,” in Cross- Border EU Competition Law Actions, M. Danov, F. Becker and P. Beaumont eds. (Oxford: Hart Publishing, 2013).

“Cross-Border EU Competition Litigation: New Evidence from England and Wales,” co-authored with M. Danov, in Cross-Border EU Competition Law Actions, M. Danov, F. Becker and P. Beaumont eds. (Oxford: Hart Publishing, 2013).

Book reviews, case notes, professional updates, etc.

“Foreign Investment Review,” UK chapter in the professional publication Getting the Deal Through (London: Law Business Research), forthcoming in March 2017.

“Annetje Ottow ‘Market and Competition Authorities: Good Agency Principles,’ book review 20(1) Edinburgh Law Review 120 (2016).

“Lessons for the Open Skies from Delta/Virgin,” American Bar Association Section of Antitrust Law Transportation, Energy and Antitrust Newsletter (Spring 2014).

“Is it time to review the use of article 9 commitments?” co-authored with K. Daly, Lexis PSL Competition, 6 March 2014.

“Exemplary Damages in Competition Litigation,” Kluwer Competition Law Blog, December 2013. “Legislating for Litigation: Reforms to International Antitrust Litigation Gather Pace,” co-authored with K. Daly and K. Nordlander, Sedona Conference Journal, September 2013.

“De Facto Partial Exclusive Dealing Following ZF Meritor v. Eaton: Oxymoron or the law?” 12(2) The Price Point (American Bar Association, 2013).

“The UK Competition Appeal Tribunal awards exemplary damages against conduct calculated to make a profit exceeding the compensation payable,” e- Competitions Bulletin, 5 July 2013.

“Emerging Competition Issues in Mobile and Cross-Border Payments in the EU,” co- authored with Kristina Nordlander, Commercial Payments International, June 2013.

“The UK Competition Appeal Tribunal dismisses the claim for exemplary damages against a water management company (Albion Water / Dŵr Cymru Cyfyngedig),” e-Competitions Bulletin, 28 March 2013.

“Most Favoured Customer Clauses: Abuse of Dominance or Abuse of Discretion?” Kluwer Competition Law Blog, July 2012.



Stephen Dnes's Teaching

Lecturer in Law, Northeastern University London, London. Sole responsibility for development, design and delivery of the core private law syllabus i.e. contract law (level 3), tort law (level 4) and commercial law (level 4). (2017 – Present)

Lecturer in Law, University of Dundee. Teaching in regulatory and commercial law fields, including module design and organization for a new competition law course, the law of obligations, and contract law. Co-teaching on criminal law. Design, delivery and direction of a new, interdisciplinary LL.M. (Banking and Finance Law; joint LL.M. and M.Sc programme, including a new PG module in banking law). Responsibility for Law with Languages degree path (2015-16) and Honours Level co-ordination, including exam and curriculum development duties (2015-2017).  (2014 –2017)

Postgraduate Supervisor, University of Glasgow. Supervision of LL.M. dissertations in competition law. (2017)

University Tutor, University of Leicester. Teaching seminars and tutorials on tort law and competition law. (2011 – 2012)

Course Development

Creation, design, delivery and direction of new LL.M. in banking and finance law, University of Dundee. (2015-2017)

Honours level studies co-ordinator, including curriculum design, co-ordination and examination responsibilities, University of Dundee. (2015-2017)

Director, Law with Languages B.A. (University of Dundee, 2015-2016)

Professional Activity

Consultant, Fried Frank Harris Shriver & Jacobsen LLP.  Consultancy in competition law to the New York law firm Fried, Frank, Harris, Shriver & Jacobson LLP. Advice on all aspects of competition law with an emphasis on major multi-national mergers and acquisitions.(2017 – Present)

Senior Consultant, Preiskel & Co LLP. Consultancy in competition law to a city boutique firm, focused on telecommunications, following appointment by the former General Counsel of BT’s international arm, who is also a co-author and frequently consulted on course design. Public engagements to-date have included: the first abuse of dominance court claim under UK law (Streetmap v Google [2016] EWHC 253 (Ch); the first unanimous reversal of an Ofcom decision on behalf of an affected entrant (Competition Appeal Tribunal Case 1261/3/3/16 CityFibre Infrastructure Holdings PLC v Ofcom); and regulatory advice on the first UK transfer of a fifth generation (5G) mobile telecommunications spectrum licence (Three/UK Broadband). Report for Hong Kong Telecom on mobile spectrum licence trading featured in the South China Daily News business section. Further competition law assignments on behalf of a range of public and privately held companies. (2015 – Present)

Consultant, DAC Beachcroft LLP. Specialized competition law advice to public sector bodies in relation to duties under abuse of dominance law. (2015 – 2016)

Law Society of Scotland, Competition law sub-committee. Advice to the Law Society of Scotland in relation to competition law matters of interest to the society, its members, and the wider public. (2015 – present)

Non-Governmental Advisor, International Competition Network. Appointed by the U.S. Federal Trade Commission to assist with outreach and best practice sharing under the auspices of the International Competition Network, which seeks to provide a common forum for competition law enforcers around the world. (2014 – present)

Associate attorney, Sidley Austin LLP. Lawyer in the competition law section of the Chicago law firm Sidley Austin LLP. Advice on all aspects of competition and competition law before agencies around the world. Advice on U.S. securities listing law, and regulatory matters before the New York Department of Financial Services. Representative clients included multi-national technology companies, governments, and investment houses. (2012 –2014)

Legal Intern, Linklaters LLP. Trainee lawyer pending bar admission, providing advice on competition law aspects of mergers, distribution law, and alleged cartels. (2011 – 2012)