The demons of Fleet Street

Technology companies have fundamentally altered the news industry – at least, that is the argument made to competition enforcers by news media companies that want to merge. Janith Aranze explores the analytical framework around such deals, and what the future holds for an industry trying to adapt to the digital landscape.

22 October 2018

Internet saved the TV star

In June, the US Department of Justice lost its lawsuit to block the merger between AT&T and Time Warner. Charles McConnell and Pallavi Guniganti explore how the changing landscape of content creation and distribution enabled the third-biggest telecommunications company in the world to buy what was once the largest media company.

22 October 2018

Vertical Mergers: Paradigm shift or evolution?

A month before a US court ruled to allow AT&T to acquire Time Warner, GCR held its seventh annual Telecoms, Media and Technology conference in London. Allen & Overy partner Antonio Bavasso moderated a panel on vertical mergers in the TMT sectors; the speakers were Cristina Caffarra at Charles River Associates, Cleary Gottlieb Steen & Hamilton partner Daniel Culley, Sky’s chief strategy and commercial officer, Mai Fyfield, and University of Zurich professor of economics Gregory Crawford.

22 October 2018

Digesting the Android decision

In July, the European Commission finally issued its second long-anticipated decision against Google. This time, the EU competition enforcer found that the company had abused its dominance in several markets by imposing restrictions on its Android mobile device operating system. Tom Madge-Wyld gauged the opinions of several lawyers on these findings and their consequences, the theories of harm, the remedy, and the wider implications the case may have for enforcement in the technology sector.

22 October 2018

A view from Brussels

Margrethe Vestager began her five-year term as European commissioner for competition in November 2014. With 18 months remaining, she spoke with Tom Madge-Wyld in May about falling leniency rates, hotel booking-style cross-border investigations, the need for interim measures and the purpose of her global public relations push.

22 October 2018

California’s antitrust bar

As the world’s fifth-largest economy, the state of California and its local enforcement agencies feed a sizeable antitrust bar. Pallavi Guniganti looks at the best of the West Coast.

22 October 2018

Two sides of the Atlantic on two-sided markets

At the end of June, the US Supreme Court used the term “two-sided market” for the first time. Its American Express ruling promises to fuel many years of debate, including whether the US court has diverged from its European counterpart’s 2014 judgment in Cartes Bancaires. Three Dechert lawyers – partner Michael Weiner in New York; and partner Alec Burnside and associate Adam Kidane in Brussels – take a trans­atlantic look at the question.

17 October 2018

The Aspen Italy decision: A "quick look" assessment leaves open questions

Skadden Arps Slate Meagher & Flom partner Ingrid Vandenborre and associate Stanislas de Villoutreys advise Aspen Pharmacare in relation to the ongoing proceeding of the European Commission that excludes Italy. In their commentary, they consider that the Aspen decision of Italy’s Competition Authority, upheld by the Regional Administrative Tribunal of Lazio’s judgment, has skipped the unfairness analysis set out by European Court of Justice in United Brands. The commentary is based on the Aspen decision and judgment as published.

15 October 2018

Do you need competition approval to buy a single share?: Indian merger control and non-controlling minority acquisitions

Proposed amendments to the Competition Commission of India’s merger control regulations again raise the issue of its jurisdiction over non-controlling minority shareholding acquisitions. Arshad (Paku) Khan and Anisha Chand of Khaitan & Co discuss the possibility that it might not.

03 October 2018

The Irish Question

Ireland’s close relationship with multinational companies has agitated the European Commission, which accuses it of offering anticompetitive state aid. Hettie O’Brien looks at whether the small nation can afford to lose its corporate allies

24 July 2018

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