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The CMA, the new UK competition regulator, took up its powers on 1 April 2014. The CMA has assumed the competition functions of the OFT and the Competition Commission, which have been abolished.
The CMA will have strengthened powers to pursue competition cases and will enforce a revised cartel offence, which no longer includes a dishonesty element.
The CMA will also have enhanced powers when reviewing mergers and markets, although will be subject to new statutory deadlines for its investigations.
The final report follows a two-year investigation by the Competition Commission. The CMA has concluded that many private hospitals face little competition in local areas across the UK and that there are high barriers to entry, leading to higher prices for self-pay patients in many local areas - and for both self-pay and insured patients in central London, where HCA owns over half of the available overnight bed capacity.
The remedies package that the CMA is putting in place includes:
The European Commission has sent a statement of objections to Marine Harvest for early implementation of its acquisition of competitor Morpol.
In December 2012 Marine Harvest acquired a 48.5% stake in Morpol, subsequently increasing its stake to 87.1% in March 2013 and to 100% in November 2013. The transaction was notified only in August 2013 and cleared subject to conditions in September 2013 (see IP/13/896).
In the Commission's preliminary view, Marine Harvest failed to notify its project to acquire Morpol to the Commission before it was implemented, in breach of the EU Merger Regulation. If the infringement is confirmed, the Commission may impose a fine of up to 10% of the company's annual worldwide turnover.
This article was written by Paul Stone.
For more information please contact Paul on +44 (0)20 7203 5110 or firstname.lastname@example.org