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

First competition CPO granted by the CAT in Merricks

On 18 August 2021 the Competition Appeal Tribunal (CAT) approved the first application for a collective proceedings order (CPO) under the UK’s competition class action regime introduced in 2015, in Walter Hugh Merricks CBE v Mastercard Incorporated and Others.  The application was initially turned down by the CAT in 2017 but was remitted to it … Read more

National Security and Investment: UK Government confirms commencement date for new regime and publishes new guidance, regulations and consultation

On 20 July 2021, the UK Government announced the commencement date of the substantive provisions of the National Security and Investment Act 2021 (the “Act“), and published new guidance for business on the requirements of the Act, new Draft Notifiable Acquisition Regulations, and a new consultation draft of the Section 3 Statement (also known as … Read more

Global Competition Review EMEA Antitrust Review 2022 – HSF’s EU Merger Control chapter now available online

Members of the HSF Brussels competition team have written their annual chapter as a contribution to the latest edition of the highly-regarded Global Competition Review (GCR) EMEA Antitrust Review, which provides a comprehensive summary of key recent EU merger control developments. The chapter covers key jurisdictional, procedural and substantive developments in EU merger control from … Read more

EU Commission publishes draft revised VBER and Vertical Guidelines

On 9 July 2021, following a comprehensive consultation process, the EU Commission (Commission) published its proposals for a revised Vertical Block Exemption Regulation (Draft VBER) and Draft Vertical Guidelines, due to replace the current regime which expires on 31 May 2022. The previous evaluation steps (see here for more detail) identified a number of areas … Read more