30 April 2020
Update Of The Draft Bill Concerning The German Associations Sancitons Act
www.twobirds.com/en/news/articles/2020/germany/update-referentenentwurf-verbandssanktionengesetz

The German Federal Ministry of Justice and Consumer Protection (BMJV) has revised the draft bill of the German Associations Sanctions Act (VerSanG-E), which was first circulated in August 2019, and recently published it ...

16 December 2020
More robust procedures can be expected in Commission investigations
www.twobirds.com/en/news/articles/2020/global/more-robust-procedures-can-be-expected-in-commission-investigations

In October 2020, the General Court of the European Union (GC) issued an important decision in the joined Casino cases which promises to ensure that competition investigations will be more robust and afford greater ...

14 May 2020
COVID-19 and Diverted Profits Tax investigations
www.twobirds.com/en/news/articles/2020/global/covid19-and-diverted-profits-tax-investigations

With HMRC reportedly suspending civil investigations as a result of the COVID-19 pandemic, what steps should those taxpayers currently under or at risk of a Diverted Profits Tax ("DPT") investigation be taking now?

15 January 2021
Bribery and corruption in M&A transactions - What to look out for
www.twobirds.com/en/news/articles/2021/global/bribery-and-corruption-in-ma-transactions-what-to-look-out-for

Merging two businesses raises many practical and cultural issues quite apart from whether the process is a success in purely business terms. Increasingly, the ethical temperature and compliance culture of a target ...

16 November 2020
Quantification of cartel damages – first German Court recourses to freehand estimation
www.twobirds.com/en/news/articles/2020/germany/quantification-of-cartel-damages

The Regional Court of Dortmund is the first German court quantifying a cartel damage claim by estimating the amount of damage on the basis of § 287 of the Code of Civil Procedure of Germany. In contrast to the previous ...

16 November 2020
The CNMC investigates a potential abuse of dominant position in the Spanish natural gas market
www.twobirds.com/en/news/articles/2020/spain/the-cnmc-investigates-a-potential-abuse-of-dominant-position-in-the-spanish-natural-gas-market

Same as in many other countries, the gas sector is crucial in Spain given its strategic importance and its necessary use for many industrial and consumer applications. The Spanish Competition Authority ("CNMC") has ...

15 June 2020
Commission seeks views on 'gatekeeper' platforms and a new competition tool
www.twobirds.com/en/news/articles/2020/global/commission-seeks-views-on-gatekeeper-platforms-and-a-new-competition-tool

On 2 June, the Commission launched a public consultation on its forthcoming Digital Services Act plus a New Competition Tool and is requesting feedback on roadmaps including one on ex ante regulatory instruments for ...

17 December 2019
German act to implement the 5th EU money laundering directive
www.twobirds.com/en/news/articles/2019/germany/gesetz-zur-umsetzung-der-fuenften-eu-geldwaescherichtlinie

To implement RL (EU) 2018/843 (so-called 5th EU Money Laundering Directive) the German Federal Government published – subsequent to the draft bill of the Federal Ministry of Finance – a draft legislation on 31.07.2019. ...

16 December 2020
Digital platforms – let the games begin!
www.twobirds.com/en/news/articles/2020/global/digital-platforms-let-the-games-begin

The spotlight remains firmly focussed on the digital platforms as we look ahead to 2021. Regulators across the Globe are expecting to have strengthened tools at their disposal alongside ex-post competition law. The ...

04 February 2020
HMRC announce 'Global Day of Action'
www.twobirds.com/en/news/articles/2020/global/hmrc-announce-'global-day-of-action'

HMRC recently announced a day of action targeting suspected facilitation of tax evasion and money laundering offences which they believe amount to more than £200million in the UK alone.