Focus Antitrust - 23 January 2019
In The News
European Commission fines Mastercard €570 million in relation to cross-border card payment services
The European Commission has fined the card scheme Mastercard €570 million for limiting the possibility for merchants to benefit from better conditions offered by banks established elsewhere in the EU for card payment services. Click here.
CMA clears airport services merger
The CMA has today cleared Menzies Aviation’s takeover of part of Airline Services’ business after an in-depth investigation. The CMA found that the market for ground handling services has a strong recent history of companies entering and competing for contracts. The CMA also found that Menzies and Airline Services are not close competitors in the market for de-icing services. Click here.
Competition Appeal Tribunal finds CMA deadlines in Sainsbury’s/Asda merger unfair
Deadlines imposed by the CMA in the Sainsbury’s/Asda merger have been found unfair by the Competition Appeal Tribunal. The deadlines related to responses to CMA working papers and the timing of the main parties’ hearing with the CMA. Click here.
Articles 101 and 102
- The ECJ has dismissed an appeal by the European Commission against a General Court judgment that annulled the Commission's 2013 decision prohibiting the proposed acquisition of TNT by UPS. Click here.
- The European Commission has approved the proposed acquisition of Solvay's nylon business by BASF. The approval is conditional on the divestiture of a remedy package. Click here.
- The CMA has published the final version of updated guidance on its investigation procedures in Competition Act 1998 cases. Click here.
- The CMA has referred the anticipated acquisition by Top Online Partners Group Limited (TopCashback) of Maple Syrup Group Limited and its subsidiaries (Quidco) for an in-depth phase 2 merger investigation, following the parties deciding not to offer undertakings in lieu of a reference. The CMA is concerned that the merged company could decrease the amount of cashback paid to shoppers and increase advertising prices for businesses. Click here.
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Music to our ears? Well, perhaps not for Apple.
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Linking ESG and Executive Pay
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National Security and Investment Act granted Royal Assent
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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?
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Charles Russell Speechlys promotes five to Partner
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Charles Russell Speechlys boosts private wealth offering with the hire of an international tax team
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Proposed Takeover Code Amendments – Key Changes
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Competition and Markets Authority announces review of the EU vertical agreements block exemption
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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.
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Charles Russell Speechlys advises Fudco Partnership on sale to Exponent-backed Vibrant Foods
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Charles Russell Speechlys advises Polar Technology on investment by BGF
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Electrical safety standards in the private rented sector from 1 April 2021
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