Proposed merger reforms: ACCC seeks to increase power to block deals

The Australian Competition and Consumer Commission (ACCC) has proposed radical changes to the way mergers are regulated in Australia recommending the introduction of a mandatory and suspensory merger review process with limited merits review by the Australian Competition Tribunal. We have three key takeaways: compared to the current process, parties will be required to meet … Read more

Port of Newcastle to remain unregulated, but time-frames to be reviewed

By Paul Burton In a decision that will be welcomed by many of Australia’s port operators, for the second time in less than two years, the Federal Treasurer has decided that the shipping channel service at the Port of Newcastle should not be regulated. The Treasurer’s decision on 16 February 2021 is in response to … 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

The impact of COVID-19 on competition law in the consumer sector (UK, Australia and Asia)

The Covid-19 health crisis raises substantial challenges for businesses and consumers and has had a significant impact on competition law affecting the consumer sector. While the particular implications will vary by jurisdiction, some common trends may be identified. One broader development is that competition authorities have recognised that certain forms of temporary cooperation between businesses, … Read more

FEDERAL COURT RELEASES REASONS IN TPG & VODAFONE MERGER CASE

On 13 February 2020, the Federal Court of Australia declared that the proposed merger between TPG Telecom Limited (TPG) and Vodafone Hutchison Australia (Vodafone) would not have the likely effect of substantially lessening competition in the retail mobile market, and therefore would not contravene of section 50 of the Competition and Consumer Act 2010 (CCA). … Read more

COVID-19 Pressure Points: managing competition issues whilst allowing businesses to collaborate (Australia)

The COVID-19 pandemic has resulted in a rush of applications to the ACCC seeking to  authorise coordination as between competitors which might otherwise contravene provisions of the Competition and Consumer Act (CCA). The ACCC has responded quickly and dedicated significant staff to assess these applications. As of 8 April 2020, the ACCC has made 16 COVID-19 interim … Read more

ACCC CONTINUES FOCUS ON TECH AND ESSENTIAL SERVICES AS PART OF BROAD RANGING PRIORITIES

The ACCC’s 2020 enforcement priorities provide an insight into its focus areas and a preview of matters that are likely to develop over the course of 2020. This year’s priorities highlight a continued focus on key consumer facing industries, with technology and essential services (such as electricity and telecommunications) continuing to be focal points. The … Read more