A blog about the intersection of antitrust, foreign investment control, politics, and everything in between
News broke yesterday that the German government prohibited the acquisition of 45% of the shares in a German satellite company by a Chinese acquirer. The notable twist: The acquirer already held 53% of the shares in the target. Kleo Connect is a German start-up that wants to provide global satellite data communications. 53% of its … Continue reading Germany blocks the full acquisition of an already majority-owned company
The EU’s Foreign Subsidies Regulation started to apply about a month ago. Most observers expected the regulation’s strongest impact to be on M&A transactions, not least because the European Commission does not exactly seem to have an abundance of staff to deal with the new rules. Yet, the regulator received at least two complaints against … Continue reading EU Commission already under pressure to investigate foreign subsidies?
Anyone who still doubted that politics play an increasing role in antitrust should by now be convinced of the opposite: The recent appointment of the new Chief Economist at the European Commission is another instance where antitrust made it to the mainstream press across Europe. This post provides a short summary of what happened and … Continue reading Politics in antitrust – Look no further
The EU’s Foreign Subsidies Regulation will start to apply in about two weeks. While some things are still in limbo, the European Commission has published a Q&A to clarify certain topics. The Q&A admittedly went online earlier this month, but I could not find a good summary so far – so I thought the one … Continue reading Clarifications on Foreign Subsidies
Even though it is raining while I am writing this, summertime is here, and with it high season for festivals and concerts. Agencies help with organizing and booking artists for these sorts of events. As in any other area, antitrust regulators are tasked with keeping the market open, at least to the extent they have … Continue reading Circumventing a merger prohibition
Antitrust used to be a niche. Known to practitioners and experts, of course. Cases were kept, progressed, and negotiated in that environment. Those times are long gone. We have seen an increasing trend towards companies turning to publicity and PR campaigns as a tool in both merger control and antitrust proceedings. PR work is used … Continue reading PR campaigns in antitrust
Today, the European Commission adopted a package to simplify its merger control process for transactions that do not raise concerns. Many practitioners will agree that in the past, opting to submit a simplified filing did not necessarily simplify or expedite a case. Let’s take a look at how the Commission intends to change that. Merger … Continue reading Simplifying EU merger control filings
Co-authored by Friederike Melters. Earlier this month, the European Court of Justice (ECJ) declared dawn raids by the European Commission invalid. The decisions confirm that a “procedural” step like a dawn raid can be appealed by itself and that it can be invalid because of previous procedural mistakes. They tie in with other court decisions, … Continue reading Procedural errors – rich case law and five key takeaways
This week has seen two highlights in cartel investigations: Coordinated international dawn raids in the fragrance industry and a warning to small businesses that they are not exempt from antitrust enforcement. Here are the key reasons why both cases are important. For years, we have observed decreasing numbers of leniency applications, cartel cases and cartel … Continue reading Cartels are back!?
The ruling was admittedly published already at the end of last year, but I feel it did not receive the attention it deserved, and I was anyway interested in taking a deeper dive: The Higher Regional Court of Duesseldorf found that the German Federal Cartel Office (FCO) did not have jurisdiction to review Meta’s acquisition … Continue reading German regulator overturned: No substantial activity in Germany
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