News

Chip cartelists argue limitation defence in UK follow-on damages claim

Two members of the smart card chip cartel have told a UK court that Gemalto’s follow-on claim against them is time-barred because the technology company could have launched a damages action well before the European Commission issued its infringement decision.

13 January 2022

EU blocks Korean shipbuilding deal

The European Commission has blocked Hyundai Heavy Industries’ $2 billion acquisition of Daewoo Shipbuilding & Marine Engineering after the companies failed to offer formal remedies to address its concerns, bringing an end to a Phase II probe that started in 2019.

13 January 2022

UK court rejects NTN’s mitigation defence post-settlement

A UK appellate court has dismissed NTN’s claim that Fiat Chrysler mitigated any loss it suffered as a result of the ball bearings cartel, two days after the case was withdrawn because the companies settled the car maker's £80 million follow-on damages claim.

13 January 2022

UK finance regulator to probe competition in wholesale data markets

The UK’s Financial Conduct Authority said it will examine the state of competition in two separate data markets after benchmark providers and investment companies raised concerns related to high entry barriers for new entrants.

12 January 2022

Cœuré confirmed to lead French enforcer

France’s parliament has approved Benoît Cœuré as the national competition authority’s new president following confirmation hearings before the National Assembly and the Senate.

12 January 2022

Goodwin snags Kirkland & Ellis partner to launch European antitrust practice

Sarah Jordan is leaving Kirkland & Ellis after a decade to join Goodwin’s London office, launching the firm’s European antitrust practice as its first non-US competition partner.

12 January 2022

Google offers commitments to end German probe

Germany’s antitrust watchdog is consulting on commitments offered by Google to end a probe into its online news service, one week after the agency confirmed the company is subject to a host of new competition rules that target especially powerful platforms.

12 January 2022

Portuguese law bans MFNs on booking platforms

Online travel platforms have been banned from using most favoured nation clauses or offering certain below-cost pricing under a new Portuguese law that the country’s antitrust enforcer has criticised as antithetical to EU competition law.

11 January 2022

Shoosmiths opens in Brussels

Kiran Desai has left Ernst & Young to head the antitrust team at Shoosmiths’ newly-opened Brussels office.

11 January 2022

UK disqualifies director linked to pharma cartel

The former director of a pharmaceutical wholesaler that illegally exchanged information with rivals has committed to stay out of all company management for the next four years, to avoid the UK’s antitrust enforcer obtaining a court order against him.

11 January 2022

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