‘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
‘An application for a legal review into a plan to merge the roles of West Midlands mayor and police and crime commissioner (PCC) is due to be heard in court.’
BBC News, 12th March 2024
Source: www.bbc.co.uk
‘A recent criminal conviction secured by the Financial Conduct Authority (FCA) in a case of insider trading highlights the UK regulator’s intention to proactively crackdown on cases of market abuse – not just with criminal prosecutions but through the enforcement of regulation too, a former senior market regulator has said.’
OUT-LAW.com, 23rd February 2024
Source: www.pinsentmasons.com
‘The UK’s competition watchdog has provisionally ruled that Hitachi’s 1.7 billion euro (£1.36 billion) proposed purchase of Thales’s rail infrastructure could drive up prices and reduce service quality for passengers. The findings could lead to the merger being blocked.’
The Independent, 8th June 2023
Source: www.independent.co.uk
‘Following hot(ish) on the heels of the EU’s Digital Markets Act, the UK’s Digital Markets, Competition and Consumers Bill (“the Bill”) was published on 25 April 2023. It seeks to do three things: (1) to establish a new ex-ante regulatory regime for digital markets, conferring powers on the CMA, via its Digital Markets Unit, to impose conduct requirements and make “pro-competitive interventions” (“PCIs”) in relation to designated firms, and to impose hefty penalties for failure to comply; (2) to reform the existing competition law system, notably relating to merger controls, market inquiries and enforcement; and (3) to enhance consumer rights and enforcement. This post focusses on the first of these.’
Competition Bulletin, 17th May 2023
Source: competitionbulletin.com
‘A recent decision by the English Court of Appeal confirms the scope of the “doctrine of merger”, which is designed to prevent an abuse of court process by preventing parties from bringing multiple claims in respect of the same cause of action.’
OUT-LAW.com, 12th August 2021
Source: www.pinsentmasons.com
‘As many as 3,000 law firms could be forced to close or merge over the next few years after the conveyancing bubble bursts and the recession really kicks in, a leading law firm consultant has warned.’
Legal Futures, 8th December 2020
Source: www.legalfutures.co.uk
‘Ticketing site Viagogo may need to sell all or part of StubHub after an investigation by the UK’s competition watchdog found the merger of the two firms could lead to higher fees.’
BBC News, 22nd October 2020
Source: www.bbc.co.uk
‘The case arose out of a corporate demerger which took place in relation to a family owned company, S Notaro Holdings (“Holdings”), on 28 April 2011. The First Claimant (C1), and the First Defendant (D1) were siblings. Prior to the demerger, they were both shareholders in and directors of Holdings. Neither were majority shareholders. D1 held 43.75% of the shares in Holdings, and C1 held 31.25%. In the demerger, C1 gave up her shares in Holdings in exchange for some assets of Holdings or its subsidiaries being transferred to the Second Claimant (C2), a company formed for that purpose, owned and controlled by C1.’
Hailsham Chambers, June 2020
Source: www.hailshamchambers.com
‘A payments provider that breached an order to stop the integration of its UK business with a rival until a full merger investigation could be carried out has been fined £250,000 by the Competition and Markets Authority (CMA).’
OUT-LAW.com, 26th September 2019
Source: www.pinsentmasons.com
‘The High Court in England has ruled that the EU’s cross-border merger regulations meant that a pre-merger certificate from an EU member state court cannot be more than six months old when hearing an application for sanction of the merger, even where obtaining a second pre-merger certificate would be difficult.’
OUT-LAW.com, 4th September 2019
Source: www.pinsentmasons.com
‘The proposed merger between Sainsbury’s and Asda has been blocked by the UK’s competition watchdog over fears it would raise prices for consumers.’
BBC News, 25th April 2019
Source: www.bbc.co.uk
‘Changes in legislation are not necessary to “prevent mergers in digital markets which could harm existing or potential future competition or innovation”, the Competition and Markets Authority (CMA) has said.’
OUT-LAW.com, 27th March 2019
Source: www.out-law.com
‘The competition watchdog has launched a formal investigation into whether the proposed £12bn merger between Sainsbury’s and Asda could hurt consumers and the small businesses that supply the supermarkets.’
The Guardian, 23rd August 2018
Source: www.theguardian.com
‘The Competition and Markets Authority said it will be considering whether the merger could result in a substantial lessening of competition within any market or markets in the UK for goods or services.’
The Independent, 18th May 2018
Source: www.independent.co.uk
‘Trinity Mirror’s £200m deal to buy the Express and Star newspapers is to be investigated by media regulator Ofcom over issues including plurality and the editorial independence of Richard Desmond’s titles.’
The Guardian, 1st May 2018
Source: www.theguardian.com
‘Fox’s proposed takeover of Sky is not in the public interest on grounds of media plurality, the UK’s Competition and Markets Authority (CMA) has said.’
BBC News, 23rd January 2018
Source: www.bbc.co.uk
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