Topic: Gun-jumping

PayPal hit with gun-jumping fine over iZettle deal

The UK’s competition authority has fined PayPal £250,000 for unintentionally contacting UK-based customers about its acquisition of rival fintech iZettle during the enforcer’s merger review.

25 September 2019

Norway proposes €2 million gun-jumping fine

Norway’s competition authority has issued a statement of objections to a national supermarket chain for gun jumping, with the enforcer looking at fines of €2 million.

17 July 2019

Petrol company fined for gun-jumping

Circle K has paid a €803,724 fine for failing to notify Denmark’s competition authority that it acquired 72 service stations in 2016.

02 July 2019

EU fines Canon €28 million for gun jumping

Camera maker Canon will appeal against the European Commission’s fine for starting the acquisition of Toshiba Medical Systems (TMSC) before notifying the agency.

27 June 2019

Ireland’s first gun-jumping prosecution ends in second charitable donation

Ireland’s antitrust enforcer has secured a second guilty plea in its first criminal prosecution for gun-jumping.

14 May 2019

Ireland’s first gun-jumping prosecution ends in charitable donation

The first gun-jumping case referred by Ireland’s Competition and Consumer Protection Commission for prosecution has resulted in a guilty plea and €2,000 donation to a local charity.

10 April 2019

South Africa issues gun-jumping guidelines

The Competition Commission of South Africa has introduced new guidance that states it will calculate fines for failure to notify a deal based on merger filing fees, and will no longer use a turnover-based methodology.

03 April 2019

China steps up gun-jumping enforcement

China’s antitrust watchdog has fined three companies €105,628 for failing to notify three separate transactions.

13 March 2019

Report shows Kenyan enforcer is “flexing its muscles”

The Competition Authority of Kenya has released its annual report, revealing details of several previously unpublished probes and a gun-jumping fine.

19 February 2019

Australian court hands out gun-jumping fine

An Australian biotechnology company must pay a A$1.05 million (€660,387) penalty for signing an agreement to direct its customers to the company that was purchasing some of its assets before the deal actually completed, the country’s Federal Court has held.

13 February 2019

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