Focus Antitrust - 09 January 2019
In The News
CMA and other authorities express concerns re Siemens/Alstom merger
A joint letter from the CMA and other national competition authorities has been sent to the European Commission setting out concerns about the proposed merger of the mobility business of Siemens AG with Alstom SA. Click here.
European Commission invites comments on commitments offered by NBCUniversal, Sony Pictures, Warner Bros and Sky in pay TV investigation
The European Commission is seeking comments on commitments offered by NBCUniversal, Sony Pictures, Warner Bros, and Sky to address the Commission’s competition concerns relating to contractual clauses preventing the cross-border provision of pay TV services. Click here.
European Commission issues statement of objections in relation to bond trading cartel
The European Commission has informed four banks of its preliminary view that they colluded to distort competition in secondary market trading in the EEA of supra-sovereign, sovereign and agency bonds denominated in US Dollars. The Commission has concerns that at different periods between 2009 and 2015, the four banks exchanged commercially sensitive information and coordinated on prices concerning US dollar denominated bonds. Click here.
Articles 101 and 102
- The ECJ has dismissed an appeal against the General Court judgment which upheld the European Commission decision that found that.
- The General Court has dismissed an appeal against the European Commission's decision.
- The European Commission has agreed to the request submitted by France and Germany asking it to review Fincantieri's proposed acquisition of Chantiers de l'Atlantique. The Commission considers that the transaction could significantly harm competition in shipbuilding, in particular in the global cruise ship market. Click here.
- Following a public consultation, the CMA has formally accepted commitments
- The CMA has cleared an agreement under which Aer Lingus has taken over scheduled passenger flights, previously operated by CityJet, on the London City Airport to Dublin route. Click here.
- The CMA is proposing to refer TopCashback’s purchase of Quidco for a detailed phase 2 merger investigation, unless the parties offer suitable undertakings in lieu of a reference. The CMA is concerned that the merger may lead to lower cashback rates for shoppers and higher prices for businesses using these sites. Click here.
- The CMA has referred the anticipated acquisition by Thermo Fisher Scientific Inc of the electron microscope peripherals business of Roper Technologies Inc (the Gatan business) for an in-depth phase 2 merger investigation. Click here.
- The General Court has dismissed an appeal.
For more information please contact Paul Stone on +44 (0)20 7203 5110 or at email@example.com.
The Future of Property Careers
Join to our panel discussion and Q&A with industry leaders on the range of opportunities within the property and construction sector.
Procuring modular housing: Is MMC becoming mainstream?
Is Modern Methods of Construction becoming mainstream? Read what it means for Development and Procurement here.
Dual class share structures: how do they work and what are the pros and cons?
Dual class share structures allow a shareholder, for example the founder, to retain voting control over a company.
Q&A: Talking the telecoms talk
Georgina Muskett and Jonathan Wills answer queries on Electronic Communications Code agreement.
Property Patter: Navigating the complexities of Pharmacy Property
Pharmacy property is a specialist area which contains many traps for the unwary.
COVID-19 Vaccination – can an employer make it compulsory for employees?
We review what legal issues to take into account when considering to make vaccination compulsory as an employer.
Music to our ears? Well, perhaps not for Apple.
A feud first began when the music streaming giant, Spotify, filed a complaint against music streaming provide rand competitor, Apple Inc.
Linking ESG and Executive Pay
How does a business go about embedding a focus on strong ESG performance into the structures and culture of its organisation?
National Security and Investment Act granted Royal Assent
The Act establishes a new regime for the review of mergers, acquisitions and other transactions that could threaten national security.
Recent Trends In Firewall Legislation: BVI, Bermuda And Gibraltar
Charles Russell Speechlys advises Waverton on acquisition of Cornerstone Asset Management
Established in July 2010 and with offices in Edinburgh and Glasgow, Cornerstone offers wealth management and financial planning advice.
What do the new Debt Respite Scheme Regulations mean for Landlords and Tenants?
This will provide legal protection from creditors in the form of either a breathing space or a mental health crisis moratorium.
Charles Russell Speechlys promotes five to Partner
The promotions are effective 1 May 2021 and are accompanied by one Legal Director and 15 Senior Associate promotions.
Risk allocation in commercial leases: the High Court considers rent suspension, insurance and frustration arguments
Read our summary of the full judgement on the latest Covid arrears case.
Charles Russell Speechlys boosts private wealth offering with the hire of an international tax team
Robert Reymond will be joined at the firm by Leigh Nicoll, Emma Tyrrell and Oliver Cooper.
Proposed Takeover Code Amendments – Key Changes
The Consultation Paper has now been followed by a corresponding response paper which made certain modifications to the initial proposals.
Competition and Markets Authority announces review of the EU vertical agreements block exemption
The UK Competition and Markets Authority is reviewing the future application of the EU vertical agreements block exemption in the UK.
Playing Copycat – Why have M&S begun legal action against Aldi over Colin the Caterpillar?
M&S’s chocolate caterpillar was the first of its kind to land on our supermarket shelves, over 30 years ago.
Building Back Better: Future Gazing
What’s next for the hospitality industry post-pandemic?
Building Back Better: Re-examining your proposition
Why hospitality businesses should re-examine their proposition now