Region: Europe

EU Phase II probes at slowest pace in a decade, Dechert report finds

The European Commission’s in-depth merger investigations are exceeding 18 months on average, law firm Dechert’s latest quarterly merger tracking report has found.

30 July 2021

Google faces £920 million UK class action over app store rules

Plaintiff law firm Hausfeld is spearheading a proposed class action against Google that seeks almost £1 billion on behalf of 19.5 million UK consumers that allegedly overpaid for in-app content as a result of the company’s application store restrictions.

29 July 2021

CMA doles out £100 million in fines for excessive pricing of thyroid drug

The UK’s Competition and Markets Authority has hit Advanz Pharma and its two former owners with more than £100 million in fines for overcharging the country’s national health service for thyroid medication liothyronine over an eight-year period.

29 July 2021

EU clears Orange acquisition with remedies

The European Commission has cleared Orange’s €268 million acquisition of Telekom Romania, subject to the latter divesting its 30% minority shareholding in Telekom Romania Mobile Communications.

29 July 2021

France launches second market definition test during a merger review

France’s Competition Authority has opened a public consultation to determine the correct relevant market applying to its investigation of a deal in the temperature-controlled goods transport sector.

29 July 2021

Gide grows in France with partner promotion

Gide Loyrette Nouel has promoted counsel Laura Castex to partner in its Paris office.

28 July 2021

Italy accepts Telecom Italia and DAZN broadcasting commitments

Pay-TV provider DAZN has agreed to open access to its sports streaming content to non-Telecom Italia subscribers to resolve competition concerns related to a football broadcasting agreement, Italy’s Competition Authority has said.

28 July 2021

Spanish study finds Google, Facebook dominate digital ad sector

A market study by the Spanish antitrust watchdog has found that the country's digital advertising sector is dominated by Facebook and Google, which together control more than 70% of the market’s revenue.

27 July 2021

UK tribunal dismisses standalone abuse claim against Coca Cola bottler

The UK’s Competition Appeal Tribunal has thrown out a standalone damages claim brought by a drinks wholesaler against Coca Cola’s European bottler, emphasising that a breach of competition law is a “very serious allegation” that needs “proper and careful pleading”.

27 July 2021

EU sends Illumina/Grail to Phase II after Article 22 referral

The European Commission has launched its first in-depth review into a deal that falls below national merger notification thresholds, warning that Illumina’s proposed acquisition of Grail could allow the buyer to foreclose the latter’s rivals.

23 July 2021

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