Merger control

Competition and Markets Authority, Competition enforcement, Digital competition, Merger control, United Kingdom

, (Pinsent Masons LLP)/ /Leave a comment

Microsoft has said it will appeal a decision by the UK Competition and Markets Authority (CMA) to block its proposed acquisition of video games developer and publisher Activision Blizzard. Activision is the company behind a number of popular game series, including ‘Call of Duty’. Microsoft agreed a deal to acquire Activision for $68.7 billion in…

Abuse of dominance, Advocate General, European Court of Justice, Ex ante regulation, Judicial review, Merger control, Merger notification, Merger Thresholds, Mergers

, , , , (White & Case)/ /Leave a comment

The long-awaited European Court of Justice’s judgment in Towercast confirmed that national competition authorities (and national courts) can apply abuse of dominance rules to mergers that did not trigger EU and national merger control thresholds and were not referred to the European Commission under Article 22 of the EU Merger Regulation. However, uncertainties still remain….

Bahrain, Competition enforcement, Kuwait, Merger control, Merger notification, Merger regulation, Merger Thresholds, Mergers, Oman, Qatar, Saudi Arabia, UAE

(KARM Legal Consultants) and (Symbiosis International University)/ /3 Comments

Are big companies necessarily bad? If they are, how can we ensure that companies do not become too big and too bad? How can markets remain free, fair and competitive? Competition law has tried to answer these questions for centuries, with the most recent debates revolving around the alleged anti-competitive conduct of large tech companies….

Digital competition, Digital economy, Digital markets, Merger control, Merger Thresholds, Norway

, , (Advokatfirmaet Thommessen)/ /Leave a comment

In its judgement on 17 February 2023, Norway’s Supreme Court quashed the Norwegian Competition Authority’s prohibition of the 2019 acquisition of tech start-up Nettbil by media conglomerate Schibsted. This is the very first merger case heard by the Norwegian courts and represents an important development in Norwegian merger control.   Prohibition of a Below-Threshold Transaction…

European Commission, European Union, Foreign direct investment, Foreign investment, Foreign subsidies, Foreign Subsidy Regulation, Fundamental rights, Merger control, Merger notification, Mergers, Public procurement

(Norton Rose Fulbright, Belgium)/ /Leave a comment

The European Union’s (EU’s) new Foreign Subsidies Regulation (FSR), entered into force on January 12, 2023.  The FSR creates a unique new quasi-antitrust regime to combat distortions of competition in the EU internal market caused by subsidies multinationals receive outside the EU.  It imposes new mandatory notification and approval requirements for acquisitions of significant EU…

Merger control, Merger notification, Merger Thresholds, Mergers, Türkiye

(ICR Economic Research)/ /Leave a comment

In Turkey, a Phase II review takes 228 days on average, almost eight months from the day of merger notification. Although the Turkish Competition Authority (“TCA”) has prohibited only five proposed transactions during its 25-year tenure, both behavioural (11 cases) and structural remedies (15 cases) were imposed. The TCA conducted merger simulations in four cases,…

Argentina, Competition Law 2022, Competition policy, Merger control, Price fixing

(Allende & Brea)/ /Leave a comment

General considerations During 2022 there have been no changes regarding the competition law since it was last enacted in 2018. The bill approved by the Senate in February 2021 amending certain aspects of the law, was not discussed at the House of Deputies during 2022 and is expected to lose parliamentary status in February 2023….

Australia, Brazil, Egypt, European Union, Merger control, Merger notification, Mergers, Ukraine

, , , , , , , , , , , , , , , , , , , , (White & Case) and (White & Case, Belgium)/ /Leave a comment

Key Highlights The Ukraine War: Merger filing activity in Ukraine was down 61% compared to 2021, but the Ukrainian competition authority throughout 2022 reviewed over 300 mergers and continued to initiate merger investigations. Brazil filing activity rose steeply, up 47% compared to the five-year average for the same period (January – November) and up 6%…

Competition enforcement, Competition law, Competition Law 2022, Merger control, Slovakia

, , (Havel & Partners)/ /Leave a comment

The level of enforcement of competition law in Slovakia in 2022 was noticeably lower compared to previous years. Outside merger control, where the Slovak Antimonopoly Office’s (AMO) activity is less influenced by its leadership, the AMO was rather inactive. It issued no relevant decisions in the area of restrictive agreements and carried out only a…

Brexit, China, Competition policy, European Commission, European Union, Foreign direct investment, Foreign investment, Foreign subsidies, Foreign Subsidy Regulation, Merger control, Private investment, Property investment, Public procurement, Regulation, Remedies, State owned enterprise (SOE), Subsidies, Switzerland, Tax, Taxation, Tender, Trade Law, United Arab Emirates, United Kingdom, United States of America

(University of Vienna, Austria)/ /Leave a comment

On 12 January 2023, the new EU Foreign Subsidies Regulation (FSR) entered into force. The majority of the FSR will start to apply on 12 July 2023. The FSR constitutes a new investigatory review tool for the European Commission. It will focus on economic behaviour on the internal market by companies who received foreign subsidies…