Region: United Kingdom

Construction company director allowed to continue after disqualification order

The High Court of England and Wales has allowed the director of a construction company to remain in his post despite being disqualified for bid-rigging, disregarding the protests of the UK’s Competition and Markets Authority.

25 May 2023

UK issues chargesheet in government bond cartel probe

The UK’s Competition and Markets Authority has accused HSBC, Morgan Stanley, Citi, Deutsche Bank and Royal Bank of Canada of unlawfully exchanging commercially sensitive information about government bonds in the aftermath of the global financial crash.

24 May 2023

UK interchange fee claimants must be subject to cross-examination, Mastercard argues

The UK’s specialist competition tribunal should reject interchange fee claimants’ push to use survey data as factual evidence instead of individual oral testimony at trial, Mastercard has said.

24 May 2023

Private equity firms held to same level of scrutiny in merger probes, says CMA official

A top official at the UK’s antitrust enforcer has said private equity acquisitions are not subjected to heightened scrutiny, less than a week after the agency raised concerns about corporate groups acquiring independent veterinary practices.

24 May 2023

CAT ruling in Merricks clarifies application of limitation and prescription legislation

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In this follow-on proceeding to a 2014 CJEU decision on Mastercard, the CAT continues to unpick the relationship between limitation/prescription and competition regulations, maintaining its focus on claims arising before the tribunal’s subjection to relevant general legislation in October 2015.

24 May 2023

UK interchange claimants seek to rely on specific evidence to refute pass-on

Claimants seeking damages from Visa and Mastercard for charging allegedly unlawful interchange fees are urging the UK’s specialist competition tribunal to allow them to submit specific pricing and sales evidence to refute pass-on claims, less than a year after the tribunal questioned the reliability of such information.

23 May 2023

Flexible merger remedies needed to tackle sustainability issues, CAT member claims

A member of the UK’s Competition Appeal Tribunal has urged enforcers to use behavioural remedies to approve a merger that raises competition issues if the deal would help facilitate the fight against climate change.

23 May 2023

CAT urged to split hearings on carriage and certification in parallel Google claims

Two proposed class representatives seeking up to €25 billion in damages from Google have urged the UK’s Competition Appeal Tribunal to decide which claim is best placed to proceed ahead of a full certification hearing, thereby taking a different approach to that adopted – and criticised – in the Forex carriage dispute.

19 May 2023

Lawmakers push for stricter CMA oversight

UK lawmakers have suggested a specialist regulatory committee should oversee the UK’s Competition and Markets Authority, after questioning the powers the agency would receive under incoming legislation to reign in large technology companies.

19 May 2023

CMA threatens in-depth probe into private equity-backed vet acquisitions

A private equity-owned veterinary group must remedy its acquisition of 12 practices to avoid an in-depth probe, the UK’s Competition and Markets Authority has said, while underlining its wider focus on the rapidly concentrating sector.

19 May 2023

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