Focus Antitrust - 5 October 2016
In The News
European Commission opens in-depth investigation into proposed Deutsche Börse/LSE merger
The European Commission has opened an in-depth phase 2 investigation into the proposed merger between Deutsche Börse AG and London Stock Exchange Group. The proposed merger would combine the exchanges of Germany, the United Kingdom and Italy, as well as several European clearing houses. Click here.
Articles 101 and 102
- The General Court has dismissed an appeal against the European Commission's rejection of a complaint alleging abuse of dominance by Split Port Authority. Click here.
- The European Commission has cleared the proposed acquisition of Faiveley Transport of France by US-based Wabtec following a phase 2 review. The Commission had concerns that, by eliminating one of only three strong suppliers of sintered friction materials for train brakes, the transaction would have led to reduced competition and price increases for these products. To address this concern, the parties will sell Faiveley’s friction materials business Faiveley Transport Gennevilliers. Click here.
- The CMA has launched a market study into digital comparison tools to investigate how they are working for consumers, business and the economy. Click here.
- The CMA is consulting on undertakings offered by Celesio following the CMA’s phase 2 merger investigation into Celesio’s acquisition of a number of Sainsbury’s pharmacies. Click here.
News & Insights
ICO issues British Airways with a ground-breaking fine
On 16 October 2020, The Information Commissioner’s Office (the “ICO”) imposed a monetary penalty notice fining British Airways .
The UAE’s recent laws on ultimate beneficial owners and economic substance
The UAE is ramping up measures to tackle tax avoidance and money laundering, the team look at two important new developments.