‘Rules that govern takeover bids for many UK businesses are to be narrowed in scope in a move experts said will better align with the expectation of shareholders. The changes to the Takeover Code take effect from 3 February 2025.’
OUT-LAW.com, 19th November 2024
Source: www.pinsentmasons.com
‘The Court of Appeal in London has dismissed arguments that the Competition Appeal Tribunal (CAT) erred in law by permitting an “unfair pricing” argument and in its assessment of the “unfair trading conditions” argument.’
OUT-LAW.com, 23rd October 2024
Source: www.pinsentmasons.com
‘Much ink will be spilt over the Supreme Court’s decision in Tesco Stores v USDAW [2024] UKSC 28 relating to an implied contractual term preventing Tesco from firing (and then rehiring) employees in order to remove guaranteed retained pay, and consequential injunctive relief to prevent the same. Here, I consider only one issue from that decision that impacts on applications for injunctions in the employee competition sphere: the question of damages as an adequate remedy.’
Blackstone Chambers, 23rd September 2024
Source: www.employeecompetition.com
‘Champions are claiming success over Premier League and we look at what the ruling means and possible ramifications.’
The Guardian, 8th October 2024
Source: www.theguardian.com
‘Manchester City are claiming victory in their landmark legal battle with the Premier League over the associated-party transaction (APT) rules that govern commercial spending by state and multi-club ownerships.’
Daily Telegraph, 7th October 2024
Source: www.telegraph.co.uk
‘Greenwashing continues to be a significant focus for the UK’s competition regulator as its scrutiny of the fashion sector continues.’
Kingsley Napley Criminal Law Blog, 25th September 2024
Source: www.kingsleynapley.co.uk
‘The UK’s foreign investment screening regime saw an increase in the number of notifications in 2023-24, but fewer cases were subject to remedies or prohibitions compared to the previous year, as the regime “is settling in”, a legal expert has said.’
OUT-LAW.com, 16th September 2024
Source: www.pinsentmasons.com
‘Consumer protection laws, and particularly the Competition and Markets Authority’s (CMA) enforcement powers, have been substantially strengthened by landmark new UK legislation which elevates directly enforceable consumer protection rules to the same status as competition law.’
OUT-LAW.com, 16th September 2024
Source: www.pinsentmasons.com
‘The financial watchdog is to review the UK’s pure protection insurance market, amid concerns that competition in the sector is “not working well”.’
The Independent, 28th August 2024
Source: www.independent.co.uk
‘The UK financial watchdog is to investigate whether insurance companies are ripping off “vulnerable” customers who take out policies designed to financially protect them and their families in case of serious illness or death.’
The Guardian, 28th August 2024
Source: www.theguardian.com
‘Actions filed at the Competition Appeals Tribunal (CAT) encompass a staggering 544m class members, the equivalent of 8.1 actions for each person in the UK, according to new research.’
Legal Futures, 9th August 2024
Source: www.legalfutures.co.uk
‘The Competition Appeal Tribunal (CAT) has made an overseas funder’s compliance with key parts of the Association of Litigation Funders’ code of conduct a condition of granting a collective proceedings order.’
Legal Futures, 7th August 2024
Source: www.legalfutures.co.uk
‘The UK’s Competition and Markets Authority (CMA) is updating its guidance on competition-related administrative penalties, to reflect the enforcer’s expanded fining powers under the Digital Markets, Competition and Consumers Act 2024 (DMCCA).’
OUT-LAW.com, 22nd July 2024
Source: www.pinsentmasons.com
‘International Distribution Services (IDS) has been served with an £878m action by a newly formed company that said it represents an estimated 290,000 customers who claim they were overcharged as a result of Royal Mail’s behaviour.’
The Guardian, 20th June 2024
Source: www.theguardian.com
‘Amazon faces two new class action-style claims in the UK over alleged anti-competitive practices that those bringing the claims say have negatively impacted third-party sellers that use the company’s online marketplace.’
OUT-LAW.com, 17th June 2024
Source: www.pinsentmasons.com
‘Independent UK retailers have launched the biggest ever retail class action with a £1bn claim for damages against Amazon, which they allege has been pushing them out of its online marketplace.’
The Guardian, 7th June 2024
Source: www.theguardian.com
2024 c. 22 – Leasehold and Freehold Reform Act 2024
2024 c. 21 – Victims and Prisoners Act 2024
2024 c. 19 – British Nationality (Irish Citizens) Act 2024
2024 c. 18 – Building Societies Act 1986 (Amendment) Act 2024
2024 c. 13 – Digital Markets, Competition and Consumers Act 2024
Source: www.legislation.gov.uk
‘The UK’s Competition and Markets Authority (CMA) has launched an expedited statutory market investigation into the veterinary services sector in light of concerns it has identified in that industry following an initial review and consultation.’
OUT-LAW.com, 3rd June 2024
Source: www.pinsentmasons.com
‘The highly anticipated Digital Markets, Competition and Consumers (DMCC) Bill was passed by the UK Parliament on 23 May, marking the most important changes to UK competition law and consumer law in years.’
OUT-LAW.com, 28th May 2024
Source: www.pinsentmasons.com
‘Litigation funding has become an essential ingredient in collective actions for breaches of competition law brought in the Competition Appeal Tribunal (CAT). In the recent PACCAR proceedings, the Supreme Court was asked to rule on the nature and enforceability of litigation funding agreements (LFAs) between third-party litigation funders and group representatives where the success fee is determined as a percentage of the damages award. The Court held with a 4:1 majority (Lady Rose dissenting) that the LFAs in question are damages-based fee agreements (DBAs) and, as such, unenforceable. This judgment has wide-ranging consequences, as the CAT is unlikely to allow collective actions to proceed if the funding agreements cannot be relied on. The decision has caused uncertainty and upheaval in the funding market as a considerable number of funding agreements in collective proceedings contain DBAs. It also triggered legal challenges in collective proceedings where funders are seeking to amend the funding agreements to deal with the Supreme Court ruling. The fall-out from the decision suggests that funding rules for collective actions may need more legislative attention – litigation funding was given some thought during the drafting of the opt-out action regime, but the legal framework for litigation funding remains fragmented and open to interpretation.’
Legal Studies, 6th May 2024
Source: www.cambridge.org
© Inner Temple Library 2024