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New merger guidelines greatly rewrite the framework for reviewing M&A transactions

On July 19, 2023, the Federal Trade Commission and Department of Justice Antitrust Division announced sweeping changes to how they review deals. The agencies published new “Merger Guidelines” that identify the competition...more

Gun-jumping and breaching merger remedies generate heavy sanctions

Antitrust authorities continued their aggressive campaign against procedural merger control infringements in 2022. A total of EUR113.8m fines were imposed in 70 decisions across the jurisdictions surveyed....more

Global trends in merger control enforcement (UPDATED)

We have collected and analysed data on merger control activity for 2022 from 26 jurisdictions. We give you the key trends and developments from the past year, focusing in particular on the EU, UK, U.S. and China. ...more

FTC targets unfair methods of competition in policy statement

Policy change expands the Agency’s oversight under Section 5 of the FTC Act and abandons the application of the “Rule of Reason.”...more

U.S. criminal antitrust enforcement priorities take shape through inter-agency and global coordination

The DOJ Antitrust Division is amplifying the Biden Administration’s whole-of-government approach to antitrust enforcement by seeking cooperation from enforcers outside the U.S....more

Antitrust in focus - March 2021

In early March we published our latest Global trends in merger control enforcement report. In it, we analyse data for 2020 from 26 jurisdictions (focusing on the EU, UK, U.S., and China) and look ahead at what to expect from...more

Covid–19 coronavirus update: global application of antitrust rules (UPDATED)

Adverse economic or social conditions have not historically tended to affect the general application and enforcement of antitrust rules. This remains the overall position in the circumstances of Covid-19, with many antitrust...more

Covid–19 coronavirus update: global application of antitrust rules

Adverse economic or social conditions have not historically tended to affect the general application and enforcement of antitrust rules. This remains the overall position in the circumstances of Covid-19, with many antitrust...more

Covid–19 coronavirus: global merger review (updated 13 November 2020)

Merger review processes are being impacted worldwide as merger control authorities adapt to take account of the consequences of Covid-19. While critical transactions are likely to be reviewed, as far as possible, in...more

Covid–19 coronavirus update: global application of antitrust rules (updated 13 November 2020)

Adverse economic or social conditions have not historically tended to affect the general application and enforcement of antitrust rules. This remains the overall position in the circumstances of Covid-19, with many antitrust...more

Covid–19 coronavirus update: global application of antitrust rules (updated)

Adverse economic or social conditions have not historically tended to affect the general application and enforcement of antitrust rules. This remains the overall position in the circumstances of Covid-19, with many antitrust...more

Industry utilities in the financial industry: antitrust risks

The regulatory response to the global financial crisis has impacted nearly all major functions of the investment banking industry, including trading, capital and liquidity requirements, risk management, compliance and...more

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