Asser International Sports Law Blog

Our International Sports Law Diary
The Asser International Sports Law Centre is part of the T.M.C. Asser Instituut

Blog Symposium: FIFA’s TPO ban and its compatibility with EU competition law - Introduction - Antoine Duval & Oskar van Maren

Day 1: FIFA must regulate TPO, not ban it.
Day 2: Third-party entitlement to shares of transfer fees: problems and solutions
Day 3: The Impact of the TPO Ban on South American Football.
Day 4: Third Party Investment from a UK Perspective.
Day 5: Why FIFA's TPO ban is justified.

On 22 December 2014, FIFA officially introduced an amendment to its Regulations on the Status and Transfers of Players banning third-party ownership of players’ economic rights (TPO) in football. This decision to put a definitive end to the use of TPO in football is controversial, especially in countries where TPO is a mainstream financing mechanism for clubs, and has led the Portuguese and Spanish football leagues to launch a complaint in front of the European Commission, asking it to find the FIFA ban contrary to EU competition law.

Next week, we will feature a Blog Symposium discussing the FIFA TPO ban and its compatibility with EU competition law. We are proud and honoured to welcome contributions from both the complainant (the Spanish football league, La Liga) and the defendant (FIFA) and three renowned experts on TPO matters: Daniel Geey ( Competition lawyer at Fieldfisher, aka @FootballLaw), Ariel Reck (lawyer at Reck Sports law in Argentina, aka @arielreck) and Raffaele Poli (Social scientist and head of the CIES Football Observatory). The contributions will focus on different aspects of the functioning of TPO and on the impact and consequences of the ban. More...

The CAS and Mutu - Episode 4 - Interpreting the FIFA Transfer Regulations with a little help from EU Law

On 21 January 2015, the Court of arbitration for sport (CAS) rendered its award in the latest avatar of the Mutu case, aka THE sports law case that keeps on giving (this decision might still be appealed to the Swiss Federal tribunal and a complaint by Mutu is still pending in front of the European Court of Human Right). The decision was finally published on the CAS website on Tuesday. Basically, the core question focuses on the interpretation of Article 14. 3 of the FIFA Regulations on the Status and Transfer of Players in its 2001 version. More precisely, whether, in case of a dismissal of a player (Mutu) due to a breach of the contract without just cause by the player, the new club (Juventus and/or Livorno) bears the duty to pay the compensation due by the player to his former club (Chelsea). Despite winning maybe the most high profile case in the history of the CAS, Chelsea has been desperately hunting for its money since the rendering of the award (as far as the US), but it is a daunting task. Thus, the English football club had the idea to turn against Mutu’s first employers after his dismissal in 2005, Juventus and Livorno, with success in front of the FIFA Dispute Resolution Chamber (DRC), but as we will see the CAS decided otherwise[1]. More...

The UCI Report: The new dawn of professional cycling?

The world of professional cycling and doping have been closely intertwined for many years. Cycling’s International governing Body, Union Cycliste Internationale (UCI), is currently trying to clean up the image of the sport and strengthen its credibility. In order to achieve this goal, in January 2014 the UCI established the Cycling Independent Reform Commission (CIRC) “to conduct a wide ranging independent investigation into the causes of the pattern of doping that developed within cycling and allegations which implicate the UCI and other governing bodies and officials over ineffective investigation of such doping practices.”[1] The final report was submitted to the UCI President on 26 February 2015 and published on the UCI website on 9 March 2015. The report outlines the history of the relationship between cycling and doping throughout the years. Furthermore, it scrutinizes the role of the UCI during the years in which doping usage was at its maximum and addresses the allegations made against the UCI, including allegations of corruption, bad governance, as well as failure to apply or enforce its own anti-doping rules. Finally, the report turns to the state of doping in cycling today, before listing some of the key practical recommendations.[2]

Since the day of publication, articles and commentaries (here and here) on the report have been burgeoning and many of the stakeholders have expressed their views (here and here). However, given the fact that the report is over 200 pages long, commentators could only focus on a limited number of aspects of the report, or only take into account the position of a few stakeholders. In the following two blogs we will try to give a comprehensive overview of the report in a synthetic fashion.

This first blogpost will focus on the relevant findings and recommendations of the report. In continuation, a second blogpost will address the reforms engaged by the UCI and other long and short term consequences the report could have on professional cycling. Will the recommendations lead to a different governing structure within the UCI, or will the report fundamentally change the way the UCI and other sport governing bodies deal with the doping problem? More...

Book Review - Camille Boillat & Raffaele Poli: Governance models across football associations and leagues (2014)

Camille Boillat & Raffaele Poli: Governance models across football associations and leagues (2014)

Vol. 4, Centre International d'Etude du Sport, Neuchâtel, Switzerland, softback, 114 pages, ISBN 2-940241-24-4, Price: €24



The aftermath of the Pechstein ruling: Can the Swiss Federal Tribunal save CAS arbitration? By Thalia Diathesopoulou

It took only days for the de facto immunity of the Court of Arbitration for Sport (CAS) awards from State court interference to collapse like a house of cards on the grounds of the public policy exception mandated under Article V(2)(b) of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards . On 15 January 2015, the Munich Court of Appeals signalled an unprecedented turn in the longstanding legal dispute between the German speed skater, Claudia Pechstein, and the International Skating Union (ISU). It refused to recognise a CAS arbitral award, confirming the validity of a doping ban, on the grounds that it violated a core principle of German cartel law which forms part of the German public policy. A few weeks before, namely on 30 December 2014, the Court of Appeal of Bremen held a CAS award, which ordered the German Club, SV Wilhelmshaven, to pay ‘training compensation’, unenforceable for non-compliance with mandatory European Union law and, thereby, for violation of German ordre public. More...

‘The reform of football': Yes, but how? By Marco van der Harst

'Can't fight corruption with con tricks
They use the law to commit crime
And I dread, dread to think what the future will bring
When we're living in gangster time'
The Specials - Gangsters

The pressing need for change 

The Parliamentary Assembly (PACE) of the Council of Europe (CoE), which is composed of 318 MPs chosen from the national parliaments of the 47 CoE member states, unanimously adopted a report entitled ‘the reform of football’ on January 27, 2015. A draft resolution on the report will be debated during the PACE April 2015 session and, interestingly, (only?) FIFA’s president Sepp Blatter has been sent an invitation

The PACE report highlights the pressing need of reforming the governance of football by FIFA and UEFA respectively. Accordingly, the report contains some interesting recommendations to improve FIFA’s (e.g., Qatargate[1]) and UEFA’s governance (e.g., gender representation). Unfortunately, it remains unclear how the report’s recommendations will actually be implemented and enforced. 

The report is a welcomed secondary effect of the recent Qatargate directly involving former FIFA officials such as Jack Warner, Chuck Blazer, and Mohamed Bin Hammam[2] and highlighting the dramatic failures of FIFA’s governance in putting its house in order. Thus, it is undeniably time to correct the governance of football by FIFA and its confederate member UEFA – nolens volens. The real question is how to do it.

            Photograph: Fabrice Coffrini/AFP/Getty Images                   Photograph: Octav Ganea/AP


SV Wilhelmshaven: a Rebel with a cause! Challenging the compatibility of FIFA’s training compensation system with EU law

Due to the legitimate excitement over the recent Pechstein ruling, many have overlooked a previous German decision rendered in the Wilhelmshaven SV case (the German press did report on the decision here and here). The few academic commentaries (see here and here) focused on the fact that the German Court had not recognized the res judicata effect of a CAS award. Thus, it placed Germany at the spearhead of a mounting rebellion against the legitimacy of the CAS and the validity of its awards. None of the commentators weighed in on the substance of the decision, however. Contrary to the Court in Pechstein, the judges decided to evaluate the compatibility of the FIFA rules on training compensations with the EU free movement rights. To properly report on the decision and assess the threat it may constitute for the FIFA training compensation system, we will first summarize the facts of the case (I), briefly explicate the mode of functioning of the FIFA training compensation system (II), and finally reconstruct the reasoning of the Court on the compatibility of the FIFA rules with EU law (III).More...

In Egypt, Broadcasting Football is a Question of Sovereignty … for Now! By Tarek Badawy, Inji Fathalla, and Nadim Magdy

On 15 April 2014, the Cairo Economic Court (the “Court") issued a seminal judgment declaring the broadcasting of a football match a sovereign act of State.[1]


In Al-Jazeera v. the Minister of Culture, Minister of Information, and the Chairman of the Board of Directors of the Radio and Television Union, a case registered under 819/5JY, the Al-Jazeera TV Network (the “Plaintiff” or “Al-Jazeera”) sued the Egyptian Radio and Television Union (“ERTU” or the “Union”) et al. (collectively, the “Respondents”) seeking compensation for material and moral damages amounting to three (3) million USD, in addition to interest, for their alleged breach of the Plaintiff’s exclusive right to broadcast a World Cup-qualification match in Egypt.  Al-Jazeera obtained such exclusive right through an agreement it signed with Sportfive, a sports marketing company that had acquired the right to broadcast Confederation of African Football (“CAF”) World Cup-qualification matches.

ERTU reportedly broadcasted the much-anticipated match between Egypt and Ghana live on 15 October 2013 without obtaining Al-Jazeera’s written approval, in violation of the Plaintiff’s intellectual property rights.


Why the European Commission will not star in the Spanish TV rights Telenovela. By Ben Van Rompuy and Oskar van Maren

The selling of media rights is currently a hot topic in European football. Last week, the English Premier League cashed in around 7 billion Euros for the sale of its live domestic media rights (2016 to 2019) – once again a 70 percent increase in comparison to the previous tender. This means that even the bottom club in the Premier League will receive approximately €130 million while the champions can expect well over €200 million per season.

The Premier League’s new deal has already led the President of the Spanish National Professional Football League (LNFP), Javier Tebas, to express his concerns that this could see La Liga lose its position as one of Europe’s leading leagues. He reiterated that establishing a centralised sales model in Spain is of utmost importance, if not long overdue.

Concrete plans to reintroduce a system of joint selling for the media rights of the Primera División, Segunda División A, and la Copa del Rey by means of a Royal Decree were already announced two years ago. The road has surely been long and bumpy. The draft Decree is finally on the table, but now it misses political approval. All the parties involved are blaming each other for the current failure: the LNFP blames the Sport Governmental Council for Sport (CSD) for not taking the lead; the Spanish Football Federation (RFEF) is arguing that the Federation and non-professional football entities should receive more money and that it should have a stronger say in the matter in accordance with the FIFA Statutes;  and there are widespread rumours that the two big earners, Real Madrid and FC Barcelona, are actively lobbying to prevent the Royal Decree of actually being adopted.

To keep the soap opera drama flowing,  on 30 December 2014, FASFE (an organisation consisting of groups of fans, club members, and minority shareholders of several Spanish professional football clubs) and the International Soccer Centre (a movement that aims to obtain more balanced and transparent football and basketball competitions in Spain) filed an antitrust complaint with the European Commission against the LNFP. They argue that the current system of individual selling of LNFP media rights, with unequal shares of revenue widening the gap between clubs, violates EU competition law.



The 2014 Dortmund judgment: what potential for a follow-on class action? By Zygimantas Juska

Class actions are among the most powerful legal tools available in the US to enforce competition rules. With more than 75 years of experience, the American system offers valuable lessons about the benefits and drawbacks of class actions for private enforcement in competition law. Once believed of as only a US phenomenon, class actions are slowly becoming reality in the EU. After the adoption of the Directive on damages actions in November 2014, the legislative initiative in collective redress (which could prescribe a form of class actions) is expected in 2017.[1] Some pro-active Member States have already taken steps to introduce class actions in some fashion, like, for example, Germany.

What is a class action? It is a lawsuit that allows many similar legal claims with a common interest to be bundled into a single court action. Class actions facilitate access to justice for potential claimants, strengthen the negotiating power and contribute to the efficient administration of justice. This legal mechanism ensures a possibility to claim cessation of illegal behavior (injunctive relief) or to claim compensation for damage suffered (compensatory relief).  More...

Asser International Sports Law Blog | Our International Sports Law Diary <br/>The <a href="" target="_blank">Asser International Sports Law Centre</a> is part of the <a href="" target="_blank"><img src="/sportslaw/blog/media/logo_asser_horizontal.jpg" style="vertical-align: bottom; margin-left: 7px;width: 140px" alt="T.M.C. Asser Instituut" /></a>

Asser International Sports Law Blog

Our International Sports Law Diary
The Asser International Sports Law Centre is part of the T.M.C. Asser Instituut

The “Victory” of the Court of Arbitration for Sport at the European Court of Human Rights: The End of the Beginning for the CAS

My favourite speed skater (Full disclosure: I have a thing for speed skaters bothering the ISU), Claudia Pechstein, is back in the news! And not from the place I expected. While all my attention was absorbed by the Bundesverfassungsgericht in Karlsruhe (BVerfG or German Constitutional Court), I should have looked to the European Court of Human Rights in Strasbourg (ECtHR). The Pechstein and Mutu joint cases were pending for a long time (since 2010) and I did not anticipate that the ECtHR would render its decision before the BVerfG. The decision released last week (only available in French at this stage) looked at first like a renewed vindication of the CAS (similar to the Bundesgerichtshof (BGH) ruling in the Pechstein case), and is being presented like that by the CAS, but after careful reading of the judgment I believe this is rather a pyrrhic victory for the status quo at the CAS. As I will show, this ruling puts to rest an important debate surrounding CAS arbitration since 20 years: CAS arbitration is (at least in its much-used appeal format in disciplinary cases) forced arbitration. Furthermore, stemming from this important acknowledgment is the recognition that CAS proceedings must comply with Article 6 § 1 of the European Convention of Human Rights (ECHR), in particular hearings must in principle be held in public and decisions freely available to all. Finally, I will criticise the Court’s finding that CAS complies with the requirements of independence and impartiality imposed by Article 6 § 1 ECHR. I will not rehash the  well-known facts of both cases, in order to focus on the core findings of the decision. More...

ISLJ International Sports Law Conference 2018 - Asser Institute - 25-26 October - Register Now!

Dear all,

Last year we decided to launch the 'ISLJ Annual International Sports Law Conference' in order to give a public platform to the academic discussions on international sports law featured in the ISLJ. The first edition of the conference was a great success (don't take my word for it, just check out #ISLJConf17 on twitter), featuring outstanding speakers and lively discussions with the room. We were very happy to see people from some many different parts of the world congregating at the Institute to discuss the burning issues of their field of practice and research.

This year, on 25 and 26 October, we are hosting the second edition and we are again welcoming well-known academics and practitioners in the field. The discussions will turn around the notion of lex sportiva, the role of Swiss law in international sports law, the latest ISU decision of the European Commission, the Mutu/Pechstein ruling of the European Court of Human Rights, or the reform proposal of the FIFA Regulations on the Transfer and Status of Players. It should be, it will be, an exciting two days!

You will find below the final programme of the conference, please feel free to circulate it within your networks. We have still some seats left, so don't hesitate to register (here) and to join us.

Looking forward to seeing you and meeting you there!


Football Intermediaries: Would a European centralized licensing system be a sustainable solution? - By Panagiotis Roumeliotis

Editor's note: Panagiotis Roumeliotis holds an LL.B. degree from National and Kapodistrian University of Athens, Greece and an LL.M. degree in European and International Tax Law from University of Luxembourg. He is qualified lawyer in Greece and is presently working as tax advisor with KPMG Luxembourg while pursuing, concomitantly, an LL.M. in International Sports Law at Sheffield Hallam University, England. His interest lies in the realm of tax and sports law. He may be contacted by e-mail at ‘’.


The landmark Bosman Ruling triggered the Europeanization of the labour market for football players by banning nationality quotas. In turn, in conjunction with the boom in TV revenues, this led to a flourishing transfer market in which players’ agents or intermediaries play a pivotal role, despite having a controversial reputation.

As a preliminary remark, it is important to touch upon the fiduciary duty of sports agents towards their clients. The principal-agent relationship implies that the former employs the agent so as to secure the best employment and/or commercial opportunities. Conversely, the latter is expected to act in the interest of the player as their relationship should be predicated on trust and confidence, as much was made clear in the English Court of Appeal case of Imageview Management Ltd v. Kelvin Jack. Notably, agents are bound to exercise the utmost degree of good faith, honesty and loyalty towards the players.[1]

At the core of this blog lies a comparative case study of the implementation of the FIFA Regulations on working with intermediaries (hereinafter “FIFA RWI”) in eight European FAs covering most of the transfers during the mercato. I will then critically analyze the issues raised by the implementation of the RWI and, as a conclusion, offer some recommendations. More...

Seraing vs. FIFA: Why the rumours of CAS’s death have been greatly exaggerated

Rumours are swirling around the decision (available in French here) of the Court of Appeal of Brussels in the case opposing RFC Seraing United to FIFA (as well as UEFA and the Belgian Football Federation, URSBFA) over the latter’s ban on third-party ownership. The headlines in various media are quite dramatic (see here and here), references are made to a new Bosman, or to a shaken sport’s legal system. Yet, after swiftly reading the decision for the first time on 29th August, I did not have, unlike with the Pechstein ruling of the Oberlandesgericht München, the immediate impression that this would be a major game-changer for the Court of Arbitration for Sport (CAS) and the role of arbitration in sports in general. After careful re-reading, I understand how certain parts of the ruling can be misunderstood or over-interpreted. I believe that much of the press coverage failed to accurately reflect the reasoning of the court and to capture the real impact of the decision. In order to explain why, I decided to write a short Q&A (including the (not water-proof) English translations of some of the key paragraphs of the decision).


New Article Published! The Olympic Charter: A Transnational Constitution Without a State?

My latest article has just been published online by the Journal of Law and Society. It is available open access here.

The article stems from a conference organised by Jiri Priban from Cardiff University on Gunther Teubner's idea of societal constitutionalism applied to transnational regimes. My role was to test whether his descriptive and normative framework was readily applicable to the lex sportiva, and in particular its overarching "constitutional" text: the Olympic Charter.

As you will see my conclusion is mixed. I find that the Olympic Charter (OC) displays many constitutional features and is even able to regularly defend successfully its autonomy vis-à-vis national states and their laws. However, while I document some inception of limitative constitutional rules, such as the ban on discrimination or the principle of fair play, I also conclude that those have limited impact in practice. While constitutional changes to the OC can be triggered by scandal, resistance and contestation, as illustrated by the emergence of environmental concerns after the Albertville Games and the governance reshuffle of the IOC after the Salt Lake City scandal, I am also sceptical that these were sufficient to tackle the underlying problems, as became obvious with the unmatched environmental damage caused by the Sotchi Games in 2014.

In conclusion, more than sporadic public outrage, I believe that the intervention of national law and, even more, European Union law will be capable and needed to rein the Olympic regime and impose external constitutional constraints on its (at least sometimes) destructive operations.

Here is the abstract of the article: This article examines various aspects of Teubner's theory of societal constitutionalism using the lex sportiva as an empirical terrain. The case study focuses on the operation of the Olympic Charter as a transnational constitution of the Olympic movement. It shows that recourse to a constitutional vocabulary is not out of place in qualifying the function and authority of the Charter inside and outside the Olympic movement. Yet, the findings of the case study also nuance some of Teubner's descriptive claims and question his normative strategy.

Good read! (And do not hesitate to share your feedback)

New Position - Internship in International Sports Law - Deadline 15 August

The T.M.C. Asser Instituut offers post-graduate students the opportunity to gain practical experience in the field of international and European sports law.  The T.M.C. Asser Instituut, located in The Hague, is an inter-university research institute specialized in international and European law. Since 2002, it is the home of the ASSER International Sports Law Centre, a pioneer in the field of European and international sports law. More...

Human Rights Protection and the FIFA World Cup: A Never-Ending Match? - By Daniela Heerdt

Editor’s note: Daniela Heerdt is a PhD candidate at Tilburg Law School in the Netherlands. Her PhD research deals with the establishment of responsibility and accountability for adverse human rights impacts of mega-sporting events, with a focus on FIFA World Cups and Olympic Games. She recently published an article in the International Sports Law Journal that discusses to what extent the revised bidding and hosting regulations by FIFA, the IOC and UEFA strengthen access to remedy for mega-sporting events-related human rights violations.

The 21st FIFA World Cup is currently underway. Billions of people around the world follow the matches with much enthusiasm and support. For the time being, it almost seems forgotten that in the final weeks leading up to the events, critical reports on human rights issues related to the event piled up. This blog explains why addressing these issues has to start well in advance of the first ball being kicked and cannot end when the final match has been played. More...

Call for papers: Annual International Sports Law Conference of the International Sports Law Journal - 25 & 26 October - Asser Institute, The Hague

 Call for papers: Annual International Sports Law Conference of the International Sports Law Journal

Asser Institute, The Hague

25 and 26 October 2018

The editorial board of the International Sports Law Journal (ISLJ) is inviting you to submit abstracts for its second ISLJ Annual Conference on International Sports Law, which will take place on 25 and 26 October at the Asser Institute in The Hague. The ISLJ published by Springer in collaboration with Asser Press is the leading academic publication in the field of international sports law. Its readership includes academics and many practitioners active in the field. This call is open to researchers as well as practitioners. 

We are also delighted to announce that Prof. Franck Latty (Université Paris Nanterre), Prof. Margareta Baddeley (Université de Genève), and Silvia Schenk (member of FIFA’s Human Rights Advisory Board) have confirmed their participation as keynote speakers.

Abstracts could, for example, tackle questions linked to the following international sports law subjects:

  • The interaction between EU law and sport
  • Antitrust and sports regulation
  • International sports arbitration (CAS, BAT, etc.)
  • The functioning of the world anti-doping system (WADA, WADC, etc.)
  • The global governance of sports
  • The regulation of mega sporting events (Olympics, FIFA World Cup, etc.)
  • The transnational regulation of football (e.g. the operation of the FIFA Regulations on the Status and Transfer of Players or the UEFA Financial Fair Play Regulations)
  • The global fight against corruption in sport  
  • Comparative sports law
  • Human rights in sport 

Please send your abstract (no more than 300 words) and CV no later than 30 April 2018 to Selected speakers will be informed by 15 May.

The selected participants will be expected to submit a draft paper by 1 September 2018. All papers presented at the conference are eligible for publication in a special edition of the ISLJ.  To be considered for inclusion in the conference edition of the journal, the final draft must be submitted for review by 15 December 2018.  Submissions after this date will be considered for publication in later editions of the Journal.

The Asser Institute will cover one night accommodation for the speakers and will provide a limited amount of travel grants (max. 300€). If you wish to be considered for a grant please justify your request in your submission. 

Stepping Outside the New York Convention - Practical Lessons on the Indirect Enforcement of CAS-Awards in Football Matters - By Etienne Gard

Editor’s Note: Etienne Gard graduated from the University of Zurich and from King's College London. He currently manages a project in the field of digitalization with Bratschi Ltd., a major Swiss law firm where he did his traineeship with a focus in international commercial arbitration.

1. Prelude

On the 10th of June, 1958, the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, widely known as the “New York Convention”, was signed in New York by 10 countries.[1] This rather shy figure progressively grew over the decades to now reach 157 signatory countries, turning the New York Convention into the global recognition and enforcement instrument it is today. As V.V. Veeder’s puts it, “One English law lord is said to have said, extra judicially, that the New York Convention is both the Best Thing since sliced bread and also whatever was the Best Thing before sliced bread replaced it as the Best Thing.”[2]

However, among the overall appraisal regarding the New York Convention, some criticisms have been expressed. For instance, some states use their public policy rather as a pretext not to enforce an award than an actual ground for refusal.[3]  A further issue is the recurring bias in favor of local companies.[4] Additionally, recognition and enforcement procedures in application of the New York Convention take place in front of State authorities, for the most part in front of courts of law, according to national proceeding rules. This usually leads to the retaining of a local law firm, the translation of several documents, written submissions and one, if not several hearings. Hence, the efficiency of the New York Convention as a recognition and enforcement mechanism comes to the expense of both money and time of both parties of the arbitral procedure.

In contrast with the field of commercial arbitration, where the New York Convention is often considered the only viable option in order to enforce an award, international football organizations, together with the Court of Arbitration for Sport (“CAS”), offer an effective enforcement alternative. This article aims at outlining the main features of the indirect enforcement of CAS awards in football matters in light of a recent case. More...

The International Partnership against Corruption in Sport (IPACS) and the quest for good governance: Of brave men and rotting fish - By Thomas Kruessmann

Editor's note: Prof. Thomas Kruessmann is key expert in the EU Technical Assistant Project "Strengthening Teaching and Research Capacity at ADA University" in Baku (Azerbaijan). At the same time, he is co-ordinator of the Jean-Monnet Network "Developing European Studies in the Caucasus" with Skytte Institute of Political Studies at the University of Tartu (Estonia).

The notion that “fish rots from the head down” is known to many cultures and serves as a practical reminder on what is at stake in the current wave of anti-corruption / integrity and good governance initiatives. The purpose of this blog post is to provide a short update on the recent founding of the International Partnership against Corruption in Sport (IPACS), intermittently known as the International Sports Integrity Partnership (IPAS), and to propose some critical perspectives from a legal scholar’s point of view.

During the past couple of years, the sports world has seen a never-ending wave of corruption allegations, often followed by revelations, incriminations and new allegation. There are ongoing investigations, most notably in the United States where the U.S. Department of Justice has just recently intensified its probe into corruption at the major sports governing bodies (SGBs). By all accounts, we are witnessing only the tip of the iceberg. And after ten years of debate and half-hearted reforms, there is the widespread notion, as expressed by the Council of Europe’s (CoE’s) Parliamentary Assembly (PACE) Resolution 2199/2018 that “the sports movement cannot be left to resolve its failures alone”. More...

Asser International Sports Law Blog | Our International Sports Law Diary <br/>The <a href="" target="_blank">Asser International Sports Law Centre</a> is part of the <a href="" target="_blank"><img src="/sportslaw/blog/media/logo_asser_horizontal.jpg" style="vertical-align: bottom; margin-left: 7px;width: 140px" alt="T.M.C. Asser Instituut" /></a>

Asser International Sports Law Blog

Our International Sports Law Diary
The Asser International Sports Law Centre is part of the T.M.C. Asser Instituut

The Russian Ballet at the CAS Ad Hoc Division in Rio - Act IV: On Bringing a sport into disrepute

Editor's note: This is the fourth part/act of our blog series on the Russian eligibility cases at the CAS ad hoc Division in Rio.

Act IV: On Bringing a sport into disrepute

Paragraph 2 of the IOC Decision: “The IFs will also have to apply their respective rules in relation to the sanctioning of entire NFs.” 


In paragraph 2 of its Decision, the IOC mentioned the possibility for IFs to “apply their respective rules in relation to the sanctioning of entire NF's”.This is exactly what the International Weightlifting Federation (IWF) did when it decided on 29 July 2016 to exclude the whole Russian Weightlifting Federation (RWF) from the Rio Olympics for having brought the sport into disrepute. Indeed, Article 12. 4 of the IWF Anti-doping Policy, foresees that:

“If any Member federation or members or officials thereof, by reason of conduct connected with or associated with doping or anti-doping rule violations, brings the sport of weightlifting into disrepute, the IWF Executive Board may, in its discretion, take such action as it deems fit to protect the reputation and integrity of the sport.”More...

The Russian Ballet at the CAS Ad Hoc Division in Rio - Act III: On being sufficiently tested

Editor's note: This is the third part/act of our blog series on the Russian eligibility cases at the CAS ad hoc Division in Rio.

Act III: On being sufficiently tested 

Paragraph 2 of the IOC Decision: “The IFs should carry out an individual analysis of each athlete’s anti-doping record, taking into account only reliable adequate international tests, and the specificities of the athlete’s sport and its rules, in order to ensure a level playing field.”

Daniil Andienko and 16 other members of the Russian rowing team challenged the decision of the World Rowing Federation (FISA) to declare them ineligible for the Rio Olympics. The FISA Executive Committee took the decision on 24 July 2016 because they had not “undergone a minimum of three anti-doping tests analysed by a WADA accredited laboratory other than the Moscow laboratory and registered in ADAMS from 1 January 2015 for an 18 month period”.[1] In their submissions, the Russian applicants did not challenge the IOC Decision, and thus the criteria enshrined in paragraph 2, but only its application by FISA.[2] The Russian athletes argued that FISA’s decision deviated from the IOC Decision in that it was imposing as an additional requirement that rowers must “have undergone a minimum of three anti-doping tests analysed by a WADA accredited laboratory other than the Moscow laboratory and registered in ADAMS from 1 January 2015 for an 18-month period”.[3] The Panel acknowledged that “the IOC Executive Board decision does not refer explicitly to the requirement of three tests or to a period of 18 months”.[4] Nonetheless, it “finds that the Challenged Decision is in line with the criteria established by the IOC Executive Board decision”.[5] Indeed, the IOC’s Decision “provides that in order to examine whether the level playing field is affected or not (when admitting a Russian athlete to the Rio Olympic Games), the federation must look at the athlete's respective anti-doping record, i.e. examine the athlete's anti-doping tests” and that “[i]n doing so, the IOC Executive Board decision specifies that only "reliable adequate international tests" may be taken into account”.[6] In this regard, the Panel, and FISA, share the view that “a reliable adequate international test can only be assumed if the sample has been analyzed in a WADA-accredited laboratory outside Russia”.[7]More...

The Russian Ballet at the CAS Ad Hoc Division in Rio - Act II: On being implicated

Editor's note: This is the second part/act of our blog series on the Russian eligibility cases at the CAS ad hoc Division in Rio.


Act II: On being implicated

Paragraph 2 of the IOC Decision: The IFs to examine the information contained in the IP Report, and for such purpose seek from WADA the names of athletes and National Federations (NFs) implicated. Nobody implicated, be it an athlete, an official, or an NF, may be accepted for entry or accreditation for the Olympic Games.”


The second, and by far largest, wave of complaints involved Russian athletes barred from the game under paragraph 2 of the IOC Decision. None of those were successful in their appeals as the CAS sided with those IFs which took a tough stance with regard to the Russian State doping system. The first set of cases turned on the definition of the word “implicated” in the sense of paragraph 2 of the IOC Decision. In this regard, on 2 August the IOC sent a communication to the IFs aiming at providing some general guidelines. It reads as follows:

"In view of the recent appeals filed by Russian Athletes with CAS, the IOC considers it necessary to clarify the meaning of the notion "implicated" in the EB Decision.

The IOC does not consider that each athlete referred to in the McLaren Lists shall be considered per se "implicated. It is for each International federation to assess, on the basis of the information provided in the McLaren lists and the Independent Person Report, whether it is satisfied that the Athlete in question was implicated in the Russian State-controlled doping scheme.

To assist the International Federations in assessing each individual case, the IOC wishes to provide some information. In the IOC's opinion, an athlete should not be considered as "implicated" where:

·       The order was a "quarantine".

·       The McLaren List does not refer to a prohibited substance which would have given rise to an anti-doping rule violation or;

·       The McLaren List does not refer to any prohibited substance with respect to a given sample."

The CAS went on to address this question concretely in three cases analysed below. More...

The Russian Ballet at the CAS Ad Hoc Division in Rio - Act I: Saved by the Osaka Déjà-Vu

Since it was first introduced at the Atlanta Games in 1996,[1] the CAS ad hoc Division has never been as crowded as it was during this year’s Rio Olympics. This is mainly due to the Russian doping scandal, which has fuelled the CAS with Russian athletes challenging their ineligibility to compete at the Games. The CAS recently revealed that out of 28 awards rendered, 16 involved Russian athletes challenging their ineligibility. This Russian ballet is a direct result of the shocking findings of Richard McLaren’s Independent Person (IP) Report ordered by the World Anti-Doping Agency (WADA). McLaren’s investigation demonstrated that the Russian State was coordinating a sophisticated doping system. The revelation triggered an outrage in the media and amongst other competitors. Numerous calls (especially by WADA and various National Anti-Doping Organisations) were heard urging the IOC to ban the entire Russian delegation from the Olympics. The IAAF decided to exclude the whole Russian athletics team, [2] with the exception of Darya Klishina, but, to the disappointment of many, the IOC refused to heed these calls and decided, instead, to put in place a specific procedure to assess on a case-by-case basis the eligibility of Russian athletes.

The IOC’s Decision (IOC Decision) of 24 July foresees that the International Federations (IFs) are competent to determine whether each Russian athlete put forward by the Russian Olympic Committee (ROC) to participate in the Olympics meets a specific set of conditions. Moreover, the ROC was also barred from entering athletes who were sanctioned for doping in the past, even if they have already served their doping sanction. In the end, a majority of the Russian athletes (278 out of 389 submitted by the ROC) cleared the IOC’s bar relatively easily, but some of them did not, and many of the latter ended up fighting for their right to compete at the Rio Olympics before the CAS ad hoc Division.[3] In the following blogs, I will analyse the ten published CAS awards related to Russian athletes.[4] It is these legal fights that I suggest to chronicle in the following parts of this blog. To do so, I have divided them in five different (and analytically coherent) Acts:

International and European Sports Law – Monthly Report – August 2016. By Kester Mekenkamp.

Editor’s note: This report compiles all relevant news, events and materials on International and European Sports Law based on the daily coverage provided on our twitter feed @Sportslaw_asser. You are invited to complete this survey via the comments section below, feel free to add links to important cases, documents and articles we might have overlooked.    

The Headlines

For the world of Sport, the elsewhere known “sleepy month” of August turned out to be the total opposite. Having only just recuperated from this year’s Tour de France, including a spectacular uphill sprint on bicycle shoes by later ‘Yellow Jersey’ winner Chris Froome, August brought another feast of marvellous sport (and subsequent legal drama): The 2016 Olympic Games in Rio de Janeiro.More...

Sports arbitration and EU Competition law: the Belgian competition authority enters the arena. By Marine Montejo

Editor's note: Marine Montejo is a graduate from the College of Europe in Bruges and is currently an intern at the ASSER International Sports Law Centre.

On 14 July 2016, the Belgian competition authority refused to grant provisional measures to the White Star Woluwe Football Club (“The White Star”), which would have allowed it to compete in the Belgian top football division. The club was refused a licence to compete in the above mentioned competition first by the Licences Commission of the national football federation (“Union Royale Belge des Sociétés de Foootball Association” or “URBSFA”) and then by the Belgian court of arbitration for sports (“Cour Belge d’Arbitrage pour le Sport” or “CBAS”). The White Star lodged a complaint to the national competition authority (“NCA”) and requested provisional measures. The Belgian competition authority rendered a much-overlooked decision (besides one commentary) in which it seems to accept the reviewability of an arbitral award’s conformity with EU competition law (articles 101 and 102 TFEU). More...

From Lord of the Rings to Lord of the Drinks – A legal take on the downfall of Yuri van Gelder at the Rio Olympics. By Guido Hahn (Erasmus University Rotterdam)

Editor’s note: Guido graduated cum laude from the Vrije Universiteit Amsterdam. He teaches law at the Erasmus Universiteit Rotterdam. He specializes in sports law and provides legal advice for the professional sports sector.


This blog is a commentary on a recent case that hit like a bombshell in the Netherlands (and beyond) during the recent Olympic Games in Rio. The case concerns a Dutch athlete, Yuri van Gelder, who reached the Olympic finals in his sport, got sent home by ‘his’ NOC (NOC*NSF) after a night out in Rio and launched legal proceedings in front of a Dutch court to claim back his place in the finals. This commentary will attempt to explain the Dutch ruling and evaluate whether a different legal route would have been possible and preferable. More...

Bailing out your local football club: The Willem II and MVV State Aid decisions as blueprint for future rescue aid (Part 2)

This is part two of the blog on the Willem II and MVV State Aid decisions. Where part one served as an introduction on the two cases, part two will analyze the compatibility assessment made by the Commission in two decisions.

The compatibility of the aid to MVV and Willem II (re-)assessed

Even though it was the Netherlands’ task to invoke possible grounds of compatibility and to demonstrate that the conditions for such compatibility were met, the aid granted to both Willem II and MVV was never notified. The Netherland’s failure to fulfill its notification obligation, therefore, appears to be at odds with the Commission’s final decision to declare the aid compatible with EU law. Yet, a closer look at the Commission’s decision of 6 March 2013 to launch the formal investigation shows that the Commission was giving the Netherlands a ‘second chance’ to invoke grounds that would lead to a justification of the measures.More...

Month List


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" alt="" />