News

Germany: Increased publicity for merger control proceedings

Premium 01 April 2002

Greater publicity for merger control proceedings through the publication of all formal decisions and a list of notified transactions on the Internet contributes to more transparency in the proceedings and follows the approach of the European Commission. The list of notified transactions enables third parties to better monitor merger or acquisition activities of other market participants in order to intervene at an early stage in the proceedings. Even if they are not contacted by the FCO during its investigations, third parties can now more easily get involved and apply to participate in the proceedings if their interests are materially affected by a notified transaction.

Canadian oil merger may test Bureau

Premium 01 April 2002

Two of Canada’s biggest oil and gas companies, PanCanadian and Alberta Energy Company, are to merge in a C$6.1-billion stock-and-debt deal.

Australia: 'Competitive' terms of trade not a monopsony

Premium 01 April 2002

Terms of trade are, once again, under the spotlight as the Federal Court decides, in ACCC v Australian Safeway Stores Pty Ltd, that highly competitive terms of trade do not constitute the exercise of monopsony power by a retailer against its wholesale suppliers.

P&O Princess/Royal Caribbean referred to UK Commission

Premium 01 April 2002

The battle for P&O Princess Cruises has come down to (as one newspaper columnist described it) 'a series of bets on regulatory approval'. Central to the analysis is competition clearance.

Court settles long-running cargo block exemption controversy

Premium 01 April 2002

The European Court of First Instance has handed down a key ruling on the scope of the block exemption applying to international cargo shipping companies.

Spain: Proposed merger control guidelines offer greater clarity

Premium 01 April 2002

The guidelines on Spanish merger control rules are to be welcomed in so far as they will reduce uncertainty as to the outcome of the first-stage merger control procedure. The transparency of this procedure has been recently improved with the introduction of an obligation on the part of the SDC to publish the report it issues at the end of the first-stage investigation. Both the Guidelines and publishing the result of the SDC’s first-stage report will undoubtedly make it easier for industry and advisers to assess the risk of a transaction being referred for a second-stage investigation.

Czech Republic: New Competition Act in force

Premium 01 April 2002

As of July 1, 2001, the new Act No. 143/2001 Coll. on the Protection of Economic Competition governs most competition issues under Czech law, and in this respect replaces Act No. 63/1991 Coll. on the Protection of Economic Competition.

Mexico: Federal Competition Commission unveils its agenda for 2002

Premium 01 April 2002

In a particularly positive speech recently, the Chairman of the Federal Competition Commission identified the areas that needed to be addressed by the agency and spelt out the policy and advocacy activities he expects the Commission to be engaging in over the coming year.

Cartel Office blocks Liberty's German media plans

Premium 01 April 2002

Liberty Media’s bid to create a strong position in the German cable TV sector collapsed last month when the German regulator, the Bundeskartellamt (Cartel Office), vetoed the US media investor group’s proposed purchase of Deutsche Telekom’s six TV cable networks for US$4.7 billion.

Denmark: Amended proposal on changes to the Competition Act

Premium 01 April 2002

The new Danish government has resubmitted the proposals to amend the Danish Competition Act which were tabled by the previous government, though in a slightly amended version.