Loosely based on the lyrics of the band Wu-Tang Clan, the Court of Justice of the European Union (CJEU) took a closer look at the acquisition of a Hungarian gravel pit in its judgment of 13 July 2023, C- 106/22, and found some rather big “stones” to turn around with regard to FDI in Europe….
European Union and United States legislators are increasingly concerned about the potentially distortive effects “foreign” subsidies may have on M&A transactions. EU and US authorities are both poised to require transaction parties to provide extensive information to allow authorities to evaluate subsidies granted by other jurisdictions. How do these initiatives compare, and how will the…
The Spanish National Markets and Competition Commission (CNMC) has approved Communication 1/2023 of 13 June, published in Spain’s Official State Journal (BOE) on 30 June 2023, (i) establishing that the authority holding sanctioning powers in matters of competition is the competent authority for imposing a public procurement ban, and (ii) setting out the general criteria…
Sport itself is all about the competition on the pitch. However, sports federations’ actions and regulations have come increasingly into the focus of competition watchdogs and courts worldwide. A well-known example is the dispute over the establishment of the European Super League. As the recently announced merger between golf associations PGA and L.I.V. demonstrates, competition…
Introduction On 29 June 2023, the European Court of Justice (ECJ or Court) issued its judgment in case C-211/22, where it reiterates the legal framework applicable to vertical price fixing agreements under EU competition law. The focus on the need to assess the legal and economic context in which the agreement is celebrated is particularly…
On June 23, 2023, amendments to the Canadian Competition Act (Act) took effect which now make it a per se criminal offence for unaffiliated employers to agree, conspire or arrange to: “Fix, maintain, decrease or control salaries, wages or terms and conditions of employment” (wage-fixing agreements); or “Not solicit or hire each other’s employees” (no-poach/non-solicit…
On July 6, 2023, the German parliament adopted the “Competition Enforcement Act.” The new law still lacks final approval by the Bundesrat, which will not be granted before the end of September, but this is only a formality. It marks the 11th amendment to the Act against Restraints on Competition (ARC11), Germany’s national antitrust law….
Three years after the introduction of Spain’s FDI General Screening Mechanism (in 2020), Spain has finally approved its FDI Implementing Regulation (for the entire text, unfortunately only available in Spanish, please click here). Although many of the rules now in force could be found in drafts made available by the Ministry for Industry, Commerce and…
Introduction Three weeks ago, the Spanish Supreme Court delivered its first rulings on damages claims in the trucks cartel. Given that Spanish courts have been the most active in the EU on this case (see the stream of judgments issued by the Courts of Appeal in Figure 1, 85% are available at CENDOJ), there was…
On 4 July 2023, the Court of Justice resolved the conundrum around the potential interaction between data protection regulation and competition law following the legal opera that started in 2019 with the German competition authority’s case against Facebook/Meta’s processing activities (for a summary of the case, see here). The ruling hops onto Advocate General Rantos’…
