Glovo and Delivery Hero raided again

The European Commission has conducted another round of raids on the premises of Glovo and Delivery Hero as it widens an ongoing antitrust probe to cover possible no-poach agreements and illegal information exchanges.

21 November 2023

Amendments to UK digital markets bill could crash regime, opposition lawmaker warns

Allowing the world’s most powerful tech companies to launch merits-based appeals against fines imposed by the UK’s Digital Markets Unit could “pull down” the entire regime intended to police them, a shadow minister has claimed.

21 November 2023

German court overturns national security deal block for the first time

The German government breached due process rules when blocking the sale of a domestic ventilator manufacturer to a Chinese buyer, a court has ruled.

21 November 2023

Italy blocks Safran purchase of local defence business

The Italian government has prohibited Safran’s proposed $1.8 billion purchase of a Raytheon subsidiary because of concerns about maintaining domestic production lines for defence products.

21 November 2023

Squire Patton Boggs snags Stroock’s national security team

The foreign investment control team at failed firm Stroock & Stroock & Lavan has joined Squire Patton Boggs in Washington, DC.

21 November 2023

CMA unveils package of reforms to in-depth merger process

The UK’s Competition and Markets Authority has proposed a slew of reforms to its Phase II merger process, dubbed a “real step-change” to the operation of the country’s merger regime.

20 November 2023

EU sends SO to Adobe/Figma

Adobe is ready to progress remedy discussions with the European Commission after the agency warned its acquisition of Figma risks harming competition unless a fix is offered.

20 November 2023

Korea hits dry ice cartel with €3.5 million fine

Six companies colluded to fix prices and allocate the market for dry ice sold to four ice cream companies over 12 years, Korea’s Fair Trade Commission has said.

20 November 2023

Australia considers US-style merger notification regime

The Australian government is consulting on whether to implement a mandatory, suspensory merger regime that would force the national competition authority to go before local courts to block or remedy deals.

20 November 2023

Turkey issues fourth hub-and-spoke cartel decision

L’Oréal and eight cosmetic companies have agreed to pay nearly €10 million in fines to settle allegations of resale price maintenance, online sales restrictions and hub-and-spoke cartel violations in Turkey.

17 November 2023

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