Competition and EU

Royal Mail

Ashurst client Royal Mail hit with £50m fine for competition breaches

Royal Mail, advised by a team from Ashurst, has been unable to fend off a £50m fine from Ofcom, after an investigation into the business’s practices in 2014 found the delivery giant had “abused its dominant position in bulk mail delivery”. Three-partner firm Towerhouse advised Whistl, then known as TNT, which was trying to break into […]

road, countryside, lorry, motorway

Addleshaws kicks off £5bn trucks litigation in CAT tribunal first

Backhouse Jones, alongside Addleshaw Goddard, has filed an application on behalf of 3,500 clients in proceedings against nine truck manufacturers which, if successful, could be worth as much as £5bn. The two firms have filed the joint application for a collective proceedings order (CPO) with the Competition Appeal Tribunal (CAT). Should the CAT give the […]

Google

Clifford Chance secures victory over Cleary in landmark Google dispute

Cleary Gottlieb Steen & Hamilton-represented Google has been hit with a record £3.8bn (€4.3bn) fine by the European Union Commission (EC) for breaching EU antitrust rules. This is the second record EC antitrust fine that Google has been hit with in two years, following a £2.1bn (€2.4bn) fine in 2017, both of which were pursued […]

Analysis

The Lawyer Awards 2016: transactional teams

Slaughter and MayCompetition team of the year   The award-winning Slaughter and May competition team won an advisory spot last year on a groundbreaking appeal in the electricity and gas sector. The firm advised Northern Powergrid as it lodged an appeal to the Competition and Markets Authority (CMA) against Ofgem’s decision to modify the electricity […]

Clive Freedman, 7KBW

Star legal writers: regulatory and competition

This week’s top briefings writers from TheLawyer.com cover the regulatory and competition sectors, including how philanthropic fundraising through crowdfunding can clash with insurance claims, new UK public procurement rules, and Ukraine sanctions law.

Panel

Briefing live: Romania

Panellists at The Lawyer’s recent Romania briefing heard much to encourage them to get involved in the country When it comes to investing in Romania there’s no time like the present, according to panellists at The Lawyer’s recent Briefing Live event on the country, held in association with Popovici Nitu & Asociatii. The watchword was […]

Deirdre Trapp

Freshfields’ competition team still sets the pace in spite of market shift

Magic circle firm’s ACT dept refuses to play second fiddle to corporate. By Gavriel Hollander Freshfields Bruckhaus Deringer’s antitrust, competition and trade (ACT) team has, it is fair to say, stood head and shoulders above its UK rivals for some time. But with merger control not the lucrative stream it once was, this might be the […]

Featured Briefings

Competition law & director disqualification

The UK’s Competition and Markets Authority (“CMA”) is consulting on proposed revisions to its current guidance on director disqualification in competition law cases (the “Current Guidance”). The consultation on the CMA’s proposed revised guidance (the “Draft Revised Guidance”) closes at 17:00 GMT on Thursday 13 September 2018, and follows the director disqualifications secured by the CMA […]

First decisions prohibiting concentrations issued in Bulgaria

On 19 July, 2018 the Bulgarian Commission for the Protection of Competition (the “CPC”) prohibited two concentrations. The first being the sale of the second largest media conglomerate in Bulgaria, Nova Broadcasting Group AD (“Nova Broadcasting”), (owner of Nova TV), to PPF Bidco, (owned by Czech businessman Petr Kellner), and secondly the sale of CEZ’s assets […]

CMA publishes final report on Heat Networks calling for new regulation

On 23 July 2018, the Competition and Markets Authority (CMA) published its final report in its market study into heat networks. The CMA conducted a comprehensive seven-month study to assess whether households are “getting a good deal” and found that new regulation is required in order to protect heat network customers in a similar way to existing […]

Beware of RPM: Commission issues fines for resale price-fixing

On 24 July 2018, the European Commission issued four decisions fining Asus, Philips, Denon & Marantz and Pioneer, for a total of €111m, for fixing or establishing minimum resale prices on online retailers, a commercial practice also known as resale price maintenance (RPM). According to the EC, such RPM practices restricted online retailers’ ability to […]

Competition regulation of Mongolia

The competition law regulates matters related to the creation of conditions for fair competition in the market for business entities, identification and implementation of legal and organisational grounds for prohibition, restriction and prevention of any activities impeding competition. This law is effective in the territory of Mongolia and other countries, if the entity engages in […]

Increased interest of competition authorities for distribution agreements

In recent years, competition authorities in Europe have shown an increased interest in vertical agreements which may infringe national or supranational competition laws. A vertical agreement is a term used in competition law to define agreements between companies operating at different levels of the supply chain. Examples of vertical agreements include agency agreements, supply agreements, […]

UK merger control – requests for information

By Samuel R Beighton and Bola Ajayi The UK’s Competition and Markets Authority (the “CMA”) has recently imposed financial penalties for procedural breaches under the UK merger control regime, including…

Blockchain and its competition law risks

By Dimitris Sinaniotis … Blockchain technology and its uses raise significant questions about various issues, from security and privacy issues to liability and jurisdiction concerns with regards to potential disputes or fraud claims. An issue that has received relatively minimal attention however is whether the use of blockchain technology could raise competition law risks….

Antitrust: Staggering €4.34bn fine imposed on Google

The European Commission’s 39-­month long investigation into Google’s Android operating system ends with a record­breaking antitrust fine of €4.34bn imposed on Google. The US tech giant was fined for imposing illegal restrictions on Android device manufacturers and mobile network operators, in order to cement its already super dominant position in general internet search services. The […]

Serbia: Western Balkan Competition Forum on horizon

The Serbian Competition Authority and the European Bank for Reconstruction and Development (EBRD) have launched an initiative to establish a regional competition forum. The forum will include all Western Balkan states (Serbia, Bosnia and Herzegovina, Montenegro, Kosovo, Macedonia and Albania) and two EU member states (Slovenia and Croatia). It will, therefore, include all of former […]

CMA proposes pension investment reforms

On 18 July 2018, the Competition and Markets Authority (“CMA”) published its provisional decision as part of its investment consultancy and fiduciary management services market investigation. The provisional decision can be found here. Market investigations are a tool available to the CMA under the Enterprise Act 2002, which allow the CMA to look in a wide-ranging […]

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