UK: Leaseholders to get compensation after antitrust probe

UK: Leaseholders to get compensation after antitrust probe

Homeowners who were mis-sold leasehold properties may be able to get compensation after the competition watchdog announced it will investigate the issue, reported the Telegraph. There are more than four million leasehold properties in England, of which 100,000 are considered to be “unfair,” according to lender Nationwide. In the worst cases the ground rent charged […]

UK: Regulator investigates JD Sports deal to buy Footasylum

UK: Regulator investigates JD Sports deal to buy Footasylum

The UK’s competition regulator has announced it is investigating JD Sports’ acquisition of Footaslyum. JD Sports completed a deal in March to buy the high street footwear specialist for £90 million (US$114.3 million). Both JP Sport Fashion and the owner of Footasylum, the Pentland Group, have been issued with an initial enforcement order as investigations […]

Economic Evidence and the Rights of the Defense: UK vs EU Merger Control

Economic Evidence and the Rights of the Defense: UK vs EU Merger Control

May 2019 CPI Europe Column edited by Anna Tzanaki (Competition Policy International) & Juan Delgado (Global Economics Group) presents: Economic Evidence and the Rights of the Defense: UK vs EU Merger Control By Tanya Macrae (Allen & Overy LLP)1 Click here for a PDF version of the article   The issue of procedural fairness in UK and EU merger […]

UK: EY Slaughter and May hires to fight back against audit reforms

UK: EY Slaughter and May hires  to fight back against audit reforms

Slaughter and May is advising the audit giant on whether it can challenge recommendations made by the competition watchdog, which are designed to overhaul the disgraced sector following a string of corporate scandals, sources told the Telegraph. The auditor is the only one of the Big Four that is prepared to do battle with the […]

UK: UK disqualifies two construction directors for collusion

UK: UK disqualifies two construction directors for collusion

The CMA has secured the disqualification of 2 former directors of CPM Group Ltd following CPM’s admission that it breached competition law. The move follows the Competition and Market Authority’s (CMA) statement of objections issued on 13 December 2018, alleging that 3 suppliers of pre-cast concrete drainage products – CPM Group, (CPM), Stanton Bonna, and […]

UK: CMA alleges piano supplier illegally prevented price discounts

UK: CMA alleges piano supplier illegally prevented price discounts

The Competition and Markets Authority (CMA) has issued a Statement of Objections to Casio Electronics Co. Ltd (Casio) which, as part of its business, supplies digital pianos and keyboards to UK retailers. The CMA has provisionally decided that Casio implemented a policy designed to restrict retailers’ freedom to set their own prices online between 2013 […]

UK: Construction suppliers accused of “cartel” behavior to raise prices

UK: Construction suppliers accused of “cartel” behavior to raise prices

Acting on a tip-off, UK antitrust regulator the Competition and Markets Authority (CMA) is investigating three groundworks products suppliers for alleged “cartel” behavior intended to reduce competition and keep prices high. The firms are M.G.F. Trench Construction Systems, Vp Plc and Mabey Hire, which acted as whistleblower of the alleged breaches of law. The CMA […]

UK: Ecolab’s purchase of Holchem probed

UK: Ecolab’s purchase of Holchem probed

The Competition and Markets Authority (CMA) has been investigating Ecolab’s acquisition of Holchem. The companies make and supply cleaning chemicals for businesses that manufacture food, drink and dairy products. Access to competitively-priced, safe and effective cleaning products and services is an important part of the supply of food and drink within the UK. Following its […]

UK: CMA clears RWE purchase of stake in E.ON

UK: CMA clears RWE purchase of stake in E.ON

Britain’s Competition Markets Authority (CMA) announced on Monday, April 8, it had cleared German utility RWE’s purchase of rival E.ON’s renewables business and nuclear electricity generation assets, reported Reuters. Under the deal, RWE will take a 16.7% minority stake in E.ON. “The CMA has decided, on the information currently available to it, not to refer […]

UK: Regulator eyes Visa’s Earthport deal

UK: Regulator eyes Visa’s Earthport deal

The UK Competition and Markets Authority (CMA) on Thursday said it’s investigating whether Visa’s $320 million purchase of Earthport, a UK-based cross-border payments provider, would lessen local market competition. In February, Visa trumped Mastercard Inc’s bid with a sweetened offer of about 247 million pounds, prompting Earthport to recommend shareholders to accept the Visa offer. […]

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