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
Tag: Transactions
German regulator overturned: No substantial activity in Germany
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
Leaky towards the press, rigid towards China: German FDI review in movement
German foreign investment control has taken centre stage in the last two weeks: After the German government just about (partially) approved a limited Chinese investment in the Hamburg port, this week it has set out to prohibit two Chinese acquisitions in the semiconductor space. Not only the number of difficult reviews in a very short … Continue reading Leaky towards the press, rigid towards China: German FDI review in movement
Sighting of a rare animal: Clearance for a transaction that raises concerns
In (EU/German) merger control, M&A deals that significantly impede effective competition are to be prohibited. That rule is set in stone. Right? Not entirely: The German Bundeskartellamt has cleared a transaction that it would generally have had to prohibit, making use of a rarely used provision in German merger control. The case (Westenergie/Rheinenergie) was about … Continue reading Sighting of a rare animal: Clearance for a transaction that raises concerns
Killing acquisitions in the digital age?
Every year, the German Bundeskartellamt invites its “Working Group on Competition Law” to gather and discuss a certain topic. It was that time of the year again last week, when the group came together to debate “Merger control in the digital age - Challenges and development perspectives.” Here is an attempt at reading the tea … Continue reading Killing acquisitions in the digital age?
Three points from the Monopolies Commission 2022 Biennial Report
Earlier this month, the German Monopolies Commission published its new Biennial Report: “Competition 2022”. The report is a 325 pages “beast” with six chapters. There is lots of interesting stuff for the antitrust connoisseur in there, but too much ground to cover in a post with a length of our liking. So, this post will … Continue reading Three points from the Monopolies Commission 2022 Biennial Report
EU General Court rules on Illumina/Grail: The EU Commission may call in transactions
It is an absolute landmark case: Today, the EU’s General Court has ruled on Illumina v Commission. The case concerns the question whether the EU Commission may conduct merger control reviews of transactions that neither reach the merger thresholds of the Commission nor of Member States. The General Court has confirmed that the Commission indeed … Continue reading EU General Court rules on Illumina/Grail: The EU Commission may call in transactions
The next big thing in merger control: Labour markets?
Labour markets have been a “trending” antitrust topic for a while (see, e.g., here). And for our readers in the US, and even more so in South Africa, linking labour markets to merger control might not be so new, after all. But if one listens closely in Europe, the effects of M&A deals on labour … Continue reading The next big thing in merger control: Labour markets?
Facebook, Giphy, Kustomer – Regulators’ views diverging?
The UK competition regulator CMA has ordered Facebook* to divest Giphy. Earlier this year, the CMA cleared Facebook’s acquisition of Kustomer in Phase I, a deal now under heavy scrutiny by the European Commission. As much as antitrust regulators emphasize a tough stance on acquisitions by big tech, is there a risk of diverging views? … Continue reading Facebook, Giphy, Kustomer – Regulators’ views diverging?
A look at three of Europe’s most political transactions right now
This post takes a closer look at three of the transactions currently undergoing review in Europe with the heaviest political implications, and on what can be drawn from them. With M&A activity on record levels, times will be far from boring for antitrust and foreign investment control regulators. While transactions will be assessed on the … Continue reading A look at three of Europe’s most political transactions right now