The European Commission (EC) has imposed a fine of around EUR432 million on genomics company Illumina for closing its acquisition of blood-based cancer test developer GRAIL before the conclusion of the EC’s merger control...more
7/19/2023
/ Competition ,
Corporate Counsel ,
EU ,
EUMR ,
European Commission ,
European Merger Control Regulation ,
Gun-Jumping ,
Life Sciences ,
Merger Controls ,
Pharmaceutical Industry ,
UK
On 1 June 2023, the European Commission (EC) adopted revised Horizontal Block Exemption Regulations on research & development agreements (R&D BER) and specialisation agreements (Specialisation BER) (jointly referred to as...more
6/14/2023
/ Algorithms ,
Anti-Competitive ,
Competition ,
Cooperation Agreement ,
Data-Sharing ,
EU ,
European Commission ,
Exemptions ,
Horizontal Agreements ,
National Security Agency (NSA) ,
Popular ,
Sustainability ,
Treaty on the Functioning of the European Union (TFEU)
The UK government has published a much-anticipated Bill which will make significant changes to the UK competition and consumer rules and bolster the powers of the Competition and Markets Authority (CMA). Revised merger...more
The UK government has published a much-anticipated Bill to shake up the competition and consumer regime. Front and centre is a brand new UK digital markets regime. The new rules aim to boost competition in the digital sector...more
Navigating the international foreign direct investment (FDI) landscape is becoming ever more complex. In 2022 we saw a proliferation of new FDI regimes, a stream of revisions to existing rules and unprecedented levels of...more
Antitrust authorities continued their aggressive campaign against procedural merger control infringements in 2022. A total of EUR113.8m fines were imposed in 70 decisions across the jurisdictions surveyed....more
We have collected and analysed data on merger control activity for 2022 from 26 jurisdictions. We give you the key trends and developments from the past year, focusing in particular on the EU, UK, U.S. and China.
...more
The UK Competition and Markets Authority (CMA) has reimposed fines on Pfizer and Flynn Pharma for abusing their dominant positions by charging excessive and unfair prices for phenytoin, an anti-epilepsy drug. ...more
In a landmark ruling, the EU General Court (GC) has confirmed the European Commission (EC)’s decision to accept a referral request from France (and other Member States) for the assessment of gene-sequencing firm Illumina’s...more
In a landmark ruling, the EU General Court (GC) has confirmed the European Commission (EC)’s decision to accept a referral request from several Member States for the assessment of gene-sequencing firm Illumina’s acquisition...more
On 10 May 2022, the UK Government announced that it intends to legislate on measures to promote competition, strengthen consumer rights and protect households and businesses as part of its Digital Markets, Competition and...more
On 10 May 2022, the European Commission (EC) published the revised Vertical Block Exemption Regulation (VBER), together with the accompanying revised Guidelines on Vertical Restraints (Vertical Guidelines), which will replace...more
UK competition rules are facing unprecedented levels of change. Last month we reported on the UK Government’s intentions for broad reforms to the competition and consumer law regimes. Now, the Government has set out the...more
Following a consultation in summer 2021, which set out a suite of wide-ranging proposals for reforms to UK competition and consumer laws, the UK Government has now confirmed the changes that it plans to take forward.
...more
This newsletter is a summary of the antitrust developments we think are most interesting to your business. Louise Tolley, PSL Counsel based in London, is our editor this month (learn more about Louise in our Q&A feature at...more
3/29/2022
/ Antitrust Division ,
Antitrust Provisions ,
Competition ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
European Competition Network (ECN) ,
International Competition Network ,
Merger Controls ,
Mergers ,
Price-Fixing ,
UK Competition and Markets Authority (CMA)
In a significant move, Saudi Arabia’s General Authority for Competition has prohibited Delivery Hero’s planned acquisition of rival food delivery app The Chefz....more
The UK government has taken a further step in preparation for the commencement of the UK’s strengthened national security regime on 4 January 2022. ...more
The General Court has largely upheld the European Commission’s decision to fine Altice a record amount for breaching procedural merger control rules in relation to its acquisition of PT Portugal. The ruling will likely...more
In a move aimed at driving growth and delivering competitive markets that work for consumers, the UK government has published two consultations on proposals for reform of the UK competition and consumer rules.
...more
Since the UK’s Competition and Markets Authority (CMA) published its Digital Markets Strategy in 2019 (see our alert on its 2019 priorities) it has completed many of the priority tasks it had assigned itself – including...more
Following Brexit, with some limited exceptions, the EU State aid rules no longer apply in the UK. The UK Government (the Government) has made clear that it intends to establish a new UK subsidy regime, with the UK-EU Trade...more
The end of the Brexit transition period at 11pm on 31 December 2020 gives rise to significant changes to the application of antitrust and merger control rules in the UK.
...more
The European Commission (EC) has published its draft Digital Markets Act (DMA), which will introduce broad reforms to the application of EU competition law to ‘gatekeepers’ in the digital sector. The proposals set out...more
Under State aid rules, UK and EEA Member State governments may not generally provide selective assistance to businesses without prior approval from the European Commission (EC). This includes assistance in the form of...more
Merger review processes are being impacted worldwide as merger control authorities adapt to take account of the consequences of Covid 19. While critical transactions are likely to be reviewed, as far as possible, in...more