Far from over: Gaming mega deal keeps regulators busy

At the beginning of the year, we blogged about the video-gaming industry and outlined some of the reasons why it might face more scrutiny from antitrust regulators in the future. The obvious trigger for our post was Microsoft’s announcement to acquire Activision Blizzard in a mega $69 billion deal. Although the antitrust proceedings worldwide seem … Continue reading Far from over: Gaming mega deal keeps regulators busy

Comeback of leniency: More than a first step?

The decreasing number of leniency applications seems to be one of the main concerns of antitrust regulators (and private litigation firms) these days. Many argue that leniency applicants are an easy target for civil damage claims and need to be better protected in order to increase the number of leniency applications. Whilst this debate is … Continue reading Comeback of leniency: More than a first step?

Regulators got it wrong: Courts reduce fines across Europe

The question of whether to appeal a cartel fine in court is often not an easy one for the companies involved – not least because some courts in Europe even have the power to increase fines. To give companies new “hope” for the future, this post brings together a number of recent court decisions across … Continue reading Regulators got it wrong: Courts reduce fines across Europe

Cooperations – more room in times of crisis?

On this blog, we already observed that cooperations between competitors – be it on the purchasing or selling end – have become a welcomed alternative to M&A projects, especially in times of crisis. Two recent cases of the German Federal Cartel Office (FCO) give helpful guidance on if and how cooperations can be justified even … Continue reading Cooperations – more room in times of crisis?

Private equity in the spotlight – In the US and beyond?

Deal certainty and timing predictability are key issues in every transaction involving private equity investors. So, preparing apostilled versions of registry excerpts for merger control filings in jurisdictions where a-never-heard-of subsidiary of a portfolio company has negligible sales to two de-minimis-customers to get clearance in four months has understandably never evoked cheers by clients. However, … Continue reading Private equity in the spotlight – In the US and beyond?

Right to equal treatment in cartel cases…or not?

One or the other company that has been investigated in a cartel case may know the feeling: In more or less informal discussions with the authority, one is overcome by the impression of not being fully informed about the status of the investigation, while other affected companies could have received more information. Whilst this is … Continue reading Right to equal treatment in cartel cases…or not?

Novel or unresolved – The Commission’s draft informal guidance notice

A bit overshadowed by other big legislative processes (we know what we are talking about), the Commission has also been actively updating its notices currently not so much in the focus of the public eye. Having made some progress on the simplified procedure in merger control cases already, the Commission recently presented an updated draft … Continue reading Novel or unresolved – The Commission’s draft informal guidance notice

Tech, sports and…Greece – A week full of news

Big tech, sports, labour markets and authorities' rediscovered delight in unannounced inspections – the week has been full of news regarding antitrust’s most trending topics. As we blogged about most of them before (or wrote about them somewhere else), we could not decide which of them drew most of our attention. So, we opted to … Continue reading Tech, sports and…Greece – A week full of news

Take it or leave it: Referrals in the EU

There has been quite some talk lately about how the European Commission and national regulators will deal with their respective competences once the Digital Market Act has been set into force. In merger control, referrals in both directions are well established with some very crucial legal and political questions currently in the spotlight. An opportunity … Continue reading Take it or leave it: Referrals in the EU