Work Area: Merger Control

Ex-DOJ official: Expect more numerous and comprehensive second requests

A former Department of Justice official has said he expects the US antitrust agencies to issue broader information requests in their investigations as the Biden administration shifts the objectives of US antitrust enforcement.

14 July 2021

CMA begins first Phase II review in parallel with EU enforcer

The UK’s Competition and Markets Authority has fast-tracked its investigation into a proposed tie-up between two Finnish cargo equipment suppliers, marking the first time it has launched an in-depth review in parallel with the European Commission.

13 July 2021

EU orders multiple divestitures in Aon/Willis Towers Watson tie-up

The European Commission has cleared Aon’s €30 billion purchase of Willis Towers Watson following an in-depth probe, conditioned on the latter selling multiple business units to rival insurance broker Arthur J Gallagher.

09 July 2021

The Asia-Pacific Round-up (9 July 2021)

News in brief from the Asia-Pacific region… China cranked up its tech crackdown yet again with another slate of gun-jumping decisions. Meanwhile, reports surfaced this week that Korea’s competition watchdog is investigating Broadcom just as the US-based chipmaker wrapped up a monopolisation lawsuit at home. And a pair of mergers are working their way through lengthy merger probes – one in New Zealand and another in Singapore.

08 July 2021

France mulls defining shared workspaces as standalone market

France’s Competition Authority has launched a public consultation to determine if co-working spaces occupy a distinct market, as it examines a proposed joint venture between the state’s investment arm and a private equity group.

07 July 2021

Merger probe unearths non-compete agreement in Portugal

The Portuguese Competition Authority has fined two waste management companies and six of their employees almost €3 million after a merger investigation uncovered an illegal agreement to eliminate competition.

07 July 2021

Top Chinese official defends use of behavioural remedies

The top antitrust official at China’s competition authority has said that behavioural remedies for problematic mergers have a “unique advantage” since they can be tweaked and adapted over time to reflect shifts in the market.

07 July 2021

DOJ fights to fend off “premature discovery” in Aon/Willis Towers Watson

The Department of Justice has defended its challenge to Aon’s acquisition of Willis Towers Watson as a judge dealt the companies a blow by rejecting their request for a trial before their deal expires on 9 September.

07 July 2021

China to block Tencent’s merger of video game streaming sites

China’s competition authority will reportedly block Tencent’s proposal to merge the country’s two largest video game streaming sites.

06 July 2021

Russia looks to double thresholds for mergers and dominance

Russia’s competition watchdog has proposed doubling the threshold for mergers requiring antitrust approval and the level of annual revenue for a company to be considered dominant.

06 July 2021

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