Impact of new KPPU merger control regulation on asset transactions in Indonesia

On 2 October 2019, the Indonesian Competition Commission (“KPPU”) issued Regulation No. 3 of 2019 on Evaluation of Company Mergers, Consolidations or Share Acquisitions that May Result in Monopolistic Practices and/or Unfair Business Competition (“Regulation 3”). While Regulation 3 came into effect on 3 October, it only became public on 14 October. Read more

CMA imposes yet another fine for failure to comply with document requests under Section 109 Notices

The CMA today published a penalty notice addressed to Sabre Corporation in the context of its anticipated acquisition of Farelogix Inc, for its failure to comply with two Section 109 Enterprise Act Notices.  The anticipated acquisition is currently being examined by the CMA after its Merger Intelligence Committee identified the transaction as requiring further investigation … Read more

Secretary of State intends to accept undertakings in connection with the proposed acquisition of Inmarsat by Connect BidCo

On 9 October 2019 the Secretary of State for Digital, Culture, Media and Sport (SoS) announced that she is intending to accept undertakings offered by the parties to the proposed acquisition of British satellite operator Inmarsat plc by Connect BidCo (a private-equity led Consortium including equity funds based in Canada). This deal has been closely … Read more

Vestager nominated to remain as Commissioner for Competition

On 10 September 2019 European Commission President-Elect Ursula von der Leyen presented her list of nominees for the next College of Commissioners, due to take office on 1 November 2019. In an unexpected turn of events, she has proposed that Margarethe Vestager continues in her current role as the Commissioner for Competition, alongside a new … Read more

CMA requires reversal of integration steps pending investigation into Bottomline/Experian Payments Gateway merger

On 6 August 2019 the UK Competition and Markets Authority (CMA) published an unwinding order requiring the reversal of post-completion integration steps taken in the completed acquisition by Bottomline Technologies Limited (Bottomline UK) of Experian Limited’s Experian Payments Gateway business (the EPG business). The order is intended to restore the market position to what it … Read more

ACCC Case theory Terminal

In July 2017, Aurizon and Pacific National entered into a number of agreements for the sale and purchase (or subcontract) of Aurizon’s Acacia Ridge Terminal, its interstate intermodal business and its Queensland intermodal business. The ACCC alleged that in doing so Aurizon and Pacific National reached an understanding that had (or Pacific National’s proposed acquisition … Read more