Following the European Commission’s prohibition of the Alstom-Siemens transaction, the French and German governments published a manifesto calling for a reform of current EU merger rules, in order to shape a “European industrial policy fit for the 21st Century”. This manifesto appears to be directly addressed to the next European Commission, which will be renewed following the European elections this year.
German Minister of Economics suggests revising EU and German merger control regulations to enable the creation of European champions – and keeps FDI options on the table to prevent acquisitions by non-European players
The UAE Competition Committee has become operational and therefore mergers and acquisitions may be subject to review in the near future. The UAE Competition Committee held its first meeting of the year last month (on 26 March 2018) in which it discussed the development of guidelines and standards related to the implementation of UAE competition
Since 2017, new merger control thresholds have been in effect in Germany and Austria which do not depend on the revenues generated by the parties but, rather, on the value of the transaction.
The federal government is open. But less than three weeks remain under the current reprieve and another shutdown seems possible. Although the Federal Communications Commission tapped on-hand fees to support uninterrupted operations earlier this week, the FCC will start to run out of time – and money – if the stalemate over the budget continues
In the first major transaction approval under Ajit Pai’s Chairmanship, the Federal Communications Commission (“FCC”) recently approved, subject to targeted, transaction-specific conditions, license and authorization transfers in connection with CenturyLink’s $34 billion acquisition of Level 3. The FCC’s recitation of its merger review standard in its order (the “CenturyLink-Level 3 Order”) differed somewhat from the description
Current legislative changes in the German Competition Act and the Federal Forest Act bring a set of new antitrust exemptions. We briefly present them in our blog:
1. Cooperation between press companies
2. Mergers within cooperative or savings bank associations
3. Cooperation in the timber industry
Digital is trump! – Market definition and new dominance criteria for digital markets
On 9 June 2017, the 9th amendment of the German Act Against Restraints of Competition (ARC) entered into effect introducing important amendments for companies to German competition law. The reform deals with two main issues: the implementation of the European Cartel Damages Actions Directive (for a comprehensive coverage of the various new regulations) and the adaption of German competition law to the challenges of the digital economy.
The new provisions amongst others deal with merger control, the handling of “free” services, e.g. social media, and companies with the assessment of market power, in particular in the digital industry. This reform is likely to shape the competition law practice in Germany and Europe over the next years.
On 9 June 2017, the 9th amendment of the German Act Against Restraints of Competition (ARC) entered into effect introducing important amendments for companies to German competition law (please see the highlights of the 9th amendment of the ARC here). The reform deals with two main issues: the implementation of the European Cartel Damages Actions Directive (for a comprehensive coverage of the various new regulations, please see here) and the adaption of German competition law to the challenges of the digital economy.
The new provisions amongst others deal with merger control, the handling of “free” services, e.g. social media, and with the assessment of market power, in particular in the digital industry. This reform is likely to shape competition law practice in Germany and Europe over the next years. Many questions remain open, especially in the practical handling of the newly introduced size-of-transaction test in German merger control. This will lead to an increased need for coordination between companies and the Federal Cartel Office (FCO).
The 9th reform of the German Competition Act is due to take effect on 9 June 2017. It primarily transposes the EU Cartel Damages Directive into German law. On top, it brings a number of other amendments. Here is a summary of the reform’s highlights. 5:00 New rules for enforcing cartel damage claims It is the reform’s
The Green Book for digital platforms recommends changes to the German Act against Restraints of Competition. In particular, thresholds for merger control proceedings shall be adapted so that even companies with small turnover figures would be subject to German merger control as long as a certain transaction value will be met. Furthermore, even though a platform use is free it can still constitute a market under competition law terms.
In June 2015 Microsoft paid between EUR 100-200 million for the relatively unknown “6Wunderkinder GmbH” – a company which generates its revenue primarily through the operation of “Wunderlist”, a to-do list app. This acquisition is an example of the current practice of start-up acquisitions by estab-lished “big players”. Due to their low turnover, companies like 6Wunderkinder are not subject to German merger control. The “2016 Annual Economic Report” shows that the Federal Government wants to introduce an additional threshold within the scope of the 9th amendment to ARC (German: GWB).
The global antitrust landscape is ever evolving. Staying abreast of developments and trends to navigate successfully and mitigate potential risks is essential.
On 14 January 2013, the Competition Commission for the Common Market for Eastern and Southern Africa (“COMESA”) became operational. This creates a new supranational merger control regime in Africa which companies will now have to navigate. The new regime contains a number of potentially significant issues for dealmakers, including broad jurisdictional thresholds with extensive reach