Topic: Gun-jumping

China issues swathe of gun-jumping fines to Alibaba and Tencent

China’s State Administration for Market Regulation has issued maximum fines to Alibaba, Tencent and several other large technology companies for failing to report 43 transactions over the past eight years.

22 November 2021

Judge promises “tight leash” on discovery in ACCC merger challenge

The judge presiding over the Australian Competition and Consumer Commission’s application for a permanent injunction to block a proposed tie-up between two IVF providers has said he will “keep a very tight leash” on the authority’s discovery requests.

11 November 2021

Ecuador issues largest-ever gun-jumping fine

Ecuador’s competition authority has fined the conglomerate Sia Products over €2 million for failing to notify the establishment of a new trust that gave it majority control over a paper products maker, marking the largest sanction the enforcer has ever imposed for gun-jumping.

08 November 2021

EU hits Illumina/Grail with interim measures

The European Commission has ordered Illumina and Grail to keep their businesses separate to prevent “irreparable” damage to competition after the companies completed their deal in the middle of the enforcer’s in-depth review.

29 October 2021

Australia seeks court injunction to halt fertility clinic deal

Australia’s competition watchdog has urged the country’s Federal Court to issue an interim injunction against two IVF providers, after the companies said they would close their proposed merger before the enforcer completed its deal review.

13 October 2021

EU court upholds largest-ever gun-jumping fine

The EU’s General Court has confirmed the European Commission was correct to fine Altice for gun-jumping but reduced the record-breaking penalty by €6.2 million after finding that the company took steps to inform the enforcer about the deal before it was formally notified.

22 September 2021

First-ever merger fine signals new era for COMESA

COMESA’s Competition Commission has issued its first-ever merger-related fine on two telecommunications companies for gun-jumping, which observers say marks the “dawn of a new era” for antitrust enforcement in the region.

09 September 2021

Portugal fines insurance company for gun-jumping

Portugal’s Competition Authority has issued its fourth-ever gun-jumping decision, fining an insurance company €300,000 for failing to notify its now-abandoned acquisition of a real estate investment fund.

24 August 2021

Illumina faces EU gun-jumping probe over Grail acquisition

The European Commission has opened a gun-jumping investigation into Illumina, two days after the biotechnology company completed its acquisition of Grail in the midst of the EU’s in-depth merger review.

20 August 2021

Illumina closes Grail deal without EU approval

Illumina has closed its €5.9 billion acquisition of Grail despite an ongoing EU Phase II probe, reiterating its claims that the European Commission has no jurisdiction to review the tie-up.

19 August 2021

Get unlimited access to all Global Competition Review content