Background In 2004, the European Union modernised the rules and procedures that govern the enforcement of its competition law. The entry into force of Council Regulation (EC) No 1/2003 on 1 May 2004 brought about the most comprehensive reform of the enforcement rules since they were first laid down in 1962. The EU moved from…
Last week, the European Commission adopted an updated version of its Informal Guidance Notice (“the IGN”), the mechanism that allows businesses to seek clarity regarding the compliance of specific activities with EU competition law. The substance of the IGN is animated by “guidance letters”, informal documents intended to provide legal certainty to undertakings facing novel…
On September 29th 2022, the Commission published Guidelines on the application of Union competition law to collective agreements regarding the working conditions of solo self-employed persons (hereinafter: the Guidelines). The first draft of this document was released almost a year ago as part of a package including a proposed Directive on platform work. The Guidelines,…
The long-awaited Google Android decision is out (see the press release here or the full text here). The General Court has dismissed Google’s action almost in its entirety, slightly reducing the record fine from 4.343 billion euros to (still a record) 4.125 billion euros. This post gives a very first overview of the judgment and…
On 18 May and 22 June 2022, the EU General Court upheld two European Commission prohibition decisions. Both judgments endorsed the European Commission’s assessment of the mergers at issue, recognising a broad margin of discretion in the European Commission’s evaluation of the concentrations’ effects and the remedies. Key takeaways The EU General Court (“GC”)…
Sustainability as a policy priority It is no news that sustainability is an important topic of competition policy across the EU. There is clear consensus that competition law enforcement should be careful not to hinder cooperation between companies, even competitors, that facilitates the realisation of or progress towards reaching sustainability goals of climate policy (or…
On September 6, 2022, the European Commission (Commission) announced that it had prohibited the acquisition by Illumina Inc., a U.S company supplying sequencing- and array-based solutions for genetic and genomic analysis, of Grail LLC, another U.S. company that develops blood tests for the early detection of cancers, under the EU Merger Regulation (EUMR). Grail has…
Regulation 2019/452 (as amended, the FDI Regulation) inserted the European Commission (the Commission) into a hitherto jealously guarded area of EU Member State authority – screening of foreign direct investment (FDI) for threats to security and public order. The FDI Regulation sets out minimum requirements for Member States’ FDI screening regimes and a mechanism for…
Background The recent proliferation of foreign direct investment regimes (“FDI”) in Europe baffles practitioners and deal makers alike. Why is my acquisition of, say, a developer of grapes in Spain potentially subject to CFIUS-like rules? Can my carefully crafted leveraged buyout of a niche Polish producer of NFTs derail out of national security concerns because…
The final text of the DMA, after the Council’s final approval last 18th July, opened up, yet again, speculation on its enforcement. Although the Commissioner for the Internal Market Thierry Breton promptly confirmed that DG Connect would be the Directorate to apply and oversee the compliance of the DMA’s rules and obligations, several questions still…
