Keeping you up to date on Competition & EU law developments in Europe and beyond
Welcome to the May edition of our newsletter. Skies are clearing, both metaphorically with the roll out of vaccines and literally as summer approaches. This month, our In Focus article looks at the European Commission's Guidelines of the Article 22 EU Merger Regulation's referral mechanism. This long existing provision is dusted off to enable the Commission to scrutinize transactions that do not meet national or EU thresholds but may nonetheless raise competition law concerns.
A hot debate is triggered by the European Commission’s controversial new Article 22 Referral Guidance. Is it really the Commission’s game plan to claim jurisdiction over potential “killer acquisitions”? Should international companies in digital and pharma sectors worry that even small transactions face scrutiny by the Commission even if no domestic merger thresholds are triggered and even after completion?
Recent months have seen a flurry of legislative, regulatory and soft law initiatives and proposals that impact the digital sector. This article briefly answers some of the questions we regularly receive, putting the main elements of the most important recent initiatives together...Read more>
For more information contact Hein Hobbelen
The Office for the Protection of Competition published an annual report summarizing its significant activities in 2020 and outlining the agenda for 2021. It seems that the electronic communications, pharmaceutical, transportation, construction and ecommerce industries will be...Read more>
On the 27th April 2021, the Danish Competition Appeals Tribunal upheld a June 2020 decision by the Danish Competition Council. The DCC concluded that FK Distribution, as the biggest distributor of unaddressed mail (print circulars) in Denmark, had abused its dominant position...Read more >
For the first time in Finnish merger control history, parties to a merger committed to an upfrontbuyer provision. On 19 April 2021, the Finnish Competition and Consumer Authority approved the merger between Altia Oyj and Arcus ASA subject to conditions...Read more >
For more information contact Päivi Tammilehto
The French Competition Authority has recently issued an opinion closing the sector inquiry it launched in the payment sector in January 2020. The FCA’s report mainly focuses on the disruption brought by new technologies and new market players in the sector, in particular BigTech...Read more >
Is Facebook abusing its dominant position in the market by collecting data on its own platforms and on thirdparty websites and combining it in a large data pool? The Federal Cartel Office (“FCO”) has decided that unless the users consent to the use of the data, Facebook is abusing its position...Read more >
For more information contact Maren Steiert
Alongside its enforcement powers, the Italian Competition Authority also has a legislative advisory role where it issues proposals to the Italian Government, in view of the annual competition law. The Authority’s 2021 recommendations, issued on 23 March mostly relate to areas...Read more >
Earlier this year the Polish Competition Authority (“UOKiK”) published its guidelines on the rules of imposing and calculating fines for companies breaching competition law. Although the New Guidelines provide for increased transparency of fining policy, the fact that UOKiK will...Read more >
On 29 April 2021, the Spanish Royal DecreeLaw 7/2021 entered into force, modifying the Spanish Competition Act (“LDC”) due to the transposition of the Directive 2019/1 – known as the “ECN+ Directive” – which aims to achieve a more effective application of competition rules by the National Competition Authorities (“NCAs”) and to improve the functioning of the...
For more information contact Candela Sotés.
On 6 May 2021, the Netherlands Authority for Consumers & Markets (“ACM”) published its updated market study into the rollout in the Netherlands of fibreoptic broadband networks for households (FibertotheHome). The ACM started its FttH market study in April 2019 in response to...
On 29 April 2021, the UK National Security and Investment Bill was granted Royal Assent and has therefore formally become law. The new National Security and Investment Act (NSIA), is not yet in force but it is expected to become effective later this year...
For more information please contact Anthony Rosen
On April 10, 2021, China’s watchdog, the State Administration for Market Regulation (“SAMR”) released its decision on imposing a RMB18.228 billion (USD $2.8 billion equivalent) on the ecommerce giant Alibaba...Read more >
This update was provided by our partner Allbright Law Offices China.
Thursday 3 June, 15:00 16: 00 CEST
Join us for a lively panel discussion assessing the differences in the rules of legal privilege between jurisdictions around the world in the context of an investigation. During the discussion our international group of panelists, representing the UK, the EU, Middle East, the PRC and U.S., will dissect:
Moderator: Evelyn TjonEnFa (Partner, EU)
We’ll provide legal detail in addition to a highlevel business summary overview.
Register for the event here.
Wednesday 9 June Additional details for this webinar will follow shortly
We will be hosting a second webinar on the practicalities of dealing with legal privilege during investigations. During the discussion our international group of panellists, representing the UK, the EU, Middle East, the PRC and U.S., will dissect:
Milano Finanza Best Lawyers and Best Corporate Law Firms 2021
Congratulations to Rome-based partner Federico Marini Balestra and our Italian Competition & EU team for being ranked in the 'Best Lawyers' and 'Best
Corporate Law Firms' category by the business review Milano Finanza.