We are delighted to share with you our newly updated report on Foreign Investment: Rising Tides of Politics in Regulation, which reflects a swathe of recent changes to Foreign Direct Investment (FDI) regimes around the world against the backdrop of the Covid-19 pandemic. FDI filings have become an increasingly important piece of the regulatory jigsaw … Read more
On 29 June 2020 the CMA imposed total fines of £5.8 million for resale price maintenance (RPM) in the musical instruments and equipment sector, in three separate cases. This follows the fines imposed in August last year on Casio (£3.7 million) and in January this year on Fender (£4.5 million) for similar conduct and brings … Read more
On 24 June 2020, the Constitutional Court (“Court”) issued its decision in the Competition Commission’s appeal from the Competition Appeal Court (“CAC”) in Competition Commission v Pickfords Removals SA (Pty) Ltd (CCT123/19) [2020] ZACC 14. The judgment dealt with: the effective date of complaint initiation into a prohibited practice in circumstances where a firm was … Read more
In an earlier blog post we discussed the ‘evaluation and fitness check roadmap’ conducted by the European Commission (Commission) in relation to its 1997 Notice on the definition of relevant markets (Notice). In light of the initial feedback received by the Commission, on 26 June 2020 it published a ‘public consultation for the 2020 Evaluation … Read more
JD Sports has filed an appeal with the Competition Appeal Tribunal (CAT) against the decision by the CMA to prohibit its acquisition of rival retailer Footasylum, with the appropriate treatment of Covid-19 a key area of dispute between the parties and the CMA. Among the grounds of appeal published on 23 June 2020, JD Sports … Read more
The UK Government has a significant choice to make over the next few weeks: it has to decide on its approach to protecting national security in a changing global landscape, while maintaining the country’s appeal – built up over the last 40 years – as an attractive and predictable jurisdiction for business and trade, welcoming … Read more
The automotive industry is unquestionably evolving at considerable pace, whether through advances in connectivity and autonomy in vehicles, developments in the way that consumers access and use vehicles or changes driven by the “electric revolution” and the unprecedented industry disruption caused by the Covid-19 pandemic. In the latest article in a series entitled “Views on … Read more
Introduction On 23 June 2020, the German Federal Supreme Court (FSC) overturned the temporary injunction granted by the Higher Regional Court of Düsseldorf in August 2019, which suspended the German Federal Cartel Office’s (FCO’s) landmark abuse of dominance decision against Facebook, pending final determination of the company’s appeal (see our earlier blog post). In its February … Read more
The UK government has announced two significant amendments to the UK merger control regime, intended to enhance its powers to scrutinise certain foreign direct investment (“FDI”) into the UK, against the backdrop of the Covid-19 pandemic and wider national security concerns. These amendments come ahead of the National Security and Investment Bill (“NS&I Bill”), which … Read more
