Work Area: Merger Control

CFIUS official: Legacy tech can cause national security threats

A top US foreign investment review official has said legacy technology can be just as important as “state of the art” technology from a national security perspective.

08 December 2022

Canadian government proposes overhaul of FDI regime

Canada has proposed several amendments to its foreign investment control law, including a new pre-implementation filing requirement for certain investments in prescribed sectors and higher penalties for noncompliance.

08 December 2022

DOJ, FTC and CMA officials to headline GCR Live: Law Leaders Global

Tickets are now available for GCR Live: Law Leaders Global in Miami, where enforcers, lawyers and economists from the EU, US and UK are set to gather in February.

08 December 2022

Survey finds merger control more opaque and combative under Biden

Merger reviews by the US antitrust agencies have become less transparent and more adversarial during the Biden Administration, particularly at the Federal Trade Commission, a survey of industry practitioners has found.

08 December 2022

CMA likely to accept divestiture offer in Baker Hughes acquisition

The UK’s antitrust enforcer has said it plans to accept Baker Hughes’ offer to divest its entire UK coiled tubing and pumping business to resolve concerns that the company’s purchase of Altus Intervention could leave oil and gas operators worse off.

07 December 2022

Finnish companies restructure JV to avoid in-depth probe

One of Finland’s largest energy companies and a local heat pump supplier have withdrawn a joint venture notification to the country's competition authority during a Phase II probe after indicating they will restructure the deal so it no longer hits turnover thresholds.

07 December 2022

UK conditionally clears pair of foreign investments

The UK government has imposed national security-related remedies on the acquisition of UK eSIM company Truphone by a pair of European billionaires, on the same day it also placed restrictions on a Chinese electric power company’s acquisition of control over a London-based construction company.

06 December 2022

Collusion concerns drive Spanish scrutiny of three-to-two news distribution deal

A Spanish periodicals distributor’s plan to buy out the subsidiary that it currently co-owns with a rival warrants a Phase II probe because the tie-up could facilitate collusion between the two competitors, the country’s competition enforcer has said.

06 December 2022

EU lays out path to dissolve Illumina/Grail

The European Commission has ordered Illumina and Grail to comply with a package of divestment and transitional measures as they unwind their deal to restore competition and continue the “innovation race” for early cancer detection tests.

05 December 2022

Enforcers have undervalued innovation, CMA chief economist says

The UK’s chief competition economist has said antitrust authorities have allowed too many mergers in the tech space because they “undervalue innovation” and have become “paralysed” in the face of uncertainty.

05 December 2022

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