News

Competition authority withdraws block exemption for beer producers

Premium 01 August 2005

Beer producers Efes and Tuborg have had their block exemption on exclusive distribution agreements withdrawn, as the exemption is a barrier to market entry.

OFT approves exclusive newspaper distribution agreements

Premium 01 August 2005

In order to ensure consistency with the EC regime, the UK system for notification of agreements under the Competition Act 1998 (the CA) was abolished on 1 May 2004. The OFT does, however, offer a system of confidential, informal advice. Further, where a case raises novel or unresolved questions about the application of EU or UK competition law and the OFT considers there is an interest in clarifying that point for the benefit of a wider audience, it may issue written guidance in the form of a published opinion.

Parallel trade and the pharmaceutical

Premium 01 August 2005

Following the European Court of Justice’s recent refusal to rule on the substantive issues put before it by Greece’s Competition Authority, Europe’s pharmaceutical industry will be waiting for a long time, possibly years, before clarity is obtained on the option of dominant manufacturers refusing supplies in order to limit the parallel trade by pharmaceutical wholesalers to other European markets.

Teva overtakes Novartis as number one

Premium 29 July 2005

Israeli drugmaker Teva Pharmaceuticals may reclaim its place as the world's biggest generic drug producer, after agreeing to a $7.4 billion merger with US drugmaker Ivax.

US court upholds "Three Tenors"

Premium 29 July 2005

A US appeals court has upheld a decision by the Federal Trade Commission that restrictions on competition between joint ventures' own products violate antitrust law.

Maersk hints at end to price-fixing

Premium 29 July 2005

Danish shipping firm AP Møller-Maersk has offered concessions to the European Commission in an attempt to steer through its 2.3 billion euro takeover of P&O Nedlloyd.

Clifford Chance hires FTC competition specialist

Premium 29 July 2005

Paul Frontczak has returned to Clifford Chance LLP's competition practice in Washington, DC, following a two-year stint at the US Federal Trade Commission.

Home Depot buys top US water company

Premium 29 July 2005

The Home Depot Inc, the world's largest home improvement chain, is to acquire National Waterworks Holdings Inc for $1.35 billion.

NASCAR sued by Kentucky racing track

Premium 29 July 2005

The National Association of Stock Car Auto Racing (NASCAR) is being sued by a local speedway circuit that says it is violating US antitrust law.

Fortress breaks into German housing

Premium 29 July 2005

US fund manager Fortress Investment has bought German real estate company NILEG Immobilien for 1.5 billion euros.