News

EU in “unchartered territory” with new foreign subsidy law, Vestager says

The EU’s competition commissioner has said “there may be a hiccup or two” in the implementation of the bloc’s new foreign subsidies regulation, stating certain aspects of the new law place the agency in “unchartered territory”.

06 March 2023

Another UK claimant settles trucks lawsuit

Transportation provider Ryder has settled its follow-on damages claim against DAF six weeks before trial, ending its litigation against members of the EU trucks cartel.

06 March 2023

Turkey fines Elon Musk for gun-jumping

Turkey’s Competition Authority has fined Elon Musk 0.1% of his gross domestic income from last year for failing to notify his $44 billion acquisition of Twitter.

06 March 2023

CMA successfully challenges another vet deal

Europe’s largest veterinary service provider has offered to roll back its purchases of eight independent practices after the UK’s Competition and Markets Authority demanded remedies to address its concerns about the deals.

06 March 2023

Australia consults on foreign investment register

The Australian government is seeking feedback on proposed guidelines for a new register that would force foreign investors to notify completed deals in certain sectors even if they do not trigger national security thresholds.

06 March 2023

Top French court dismisses Orange's damages appeal

France’s top court has upheld a ruling ordering Orange to pay damages for abusing its dominance in several French territories but the judgment remitted the case back to a lower court to recalculate interest payments.

03 March 2023

DMA will not identify new infringements, Bacchiega says

It is not the role of the Digital Markets Act to explore new forms of anticompetitive behaviour or “undo the past”, the European Commission official tasked with implementing the regulation has insisted.

03 March 2023

UK financial services regulator flags competition concerns in trade data market

A probe by the UK’s Financial Conduct Authority has warned that the domestic market for trade data used by banks and other investors is overly concentrated to the detriment of competition and consumers.

03 March 2023

MLAB and Baker Botts add new partners in Europe

MLAB Abogados has rehired Robert Vallina as a partner in Madrid, while Baker Botts has promoted Adam Dawson to its partnership in Brussels and Dina Jubrail to special counsel in London.

03 March 2023

Viva Air files for insolvency after regulator rejects failing firm defence

Viva Air has blamed Colombia’s aviation regulator for its decision to file for insolvency, claiming the authority took too long to review its proposed acquisition by Avianca after the merging parties argued the failing firm defence.

03 March 2023

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