CMA imposes record fine for breach of IEO in JD Sports/Footasylum merger

On 5 August 2020 the CMA published a penalty notice imposing a fine of £300,000 (the highest fine to date for a single breach of an initial enforcement order (IEO)) on JD Sports and its parent company Pentland Group, for breach of an IEO in the context of its completed acquisition of Footasylum. In October … Read more

CMA confirms unconditional clearance of Amazon’s acquisition of 16% stake in Deliveroo

Updated August 5, 2020 to add link to full report The CMA has today announced that it has unconditionally cleared Amazon’s acquisition of a 16% stake in Deliveroo (alongside other rights including board representation). Following an in-depth Phase 2 investigation, the CMA has concluded that the transaction will not substantially lessen competition. This confirms its … Read more

CMA win in competition director disqualification case

In the first application by the CMA for a competition disqualification order to reach the courts, the High Court, on 3 July 2020, imposed a competition director disqualification order for a period of 7 years on Mr Michael Martin, a former director of Gary Berryman Estate Agents, and ordered an interim payment of costs of … Read more

Foreign Investment: Rising Tides of Politics in Regulation

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

CMA’s continued focus on resale price maintenance

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

Significant amendments to UK merger control regime targeting foreign investment

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