Whilst not traditionally a focus of the Competition and Markets Authority (“CMA”), the UK’s labour markets now form one of the CMA’s strategic priorities, as outlined in its 2023 to 2024 Annual Plan....more
2/16/2024
/ Anti-Competitive ,
Cartels ,
Collective Bargaining ,
Cost-of-Living Adjustment (COLA) ,
Department of Justice (DOJ) ,
Employer Liability Issues ,
Enforcement Priorities ,
EU ,
European Commission ,
Federal Trade Commission (FTC) ,
Government Investigations ,
Information Reports ,
Member State ,
New Guidance ,
No-Poaching ,
Non-Compete Agreements ,
Proposed Rules ,
UK ,
UK Competition and Markets Authority (CMA) ,
Wage and Hour ,
Wage-Fixing
The Digital Markets, Competition and Consumers Bill (“DMCC”) introduces a framework to govern ‘big tech’ in the UK, similar in aim to the EU’s Digital Markets Act (“DMA”). The bill is currently at report stage in the House of...more
8/2/2023
/ Antitrust Provisions ,
Competition ,
Consumer Protection Laws ,
Digital Marketplace ,
Digital Markets Strategy ,
EU ,
European Commission ,
Merger Controls ,
Mergers ,
Pending Legislation ,
UK Competition and Markets Authority (CMA)
As we reported previously, on 25 April this year the UK Government introduced the Digital Markets, Competition and Consumers Bill (“DMCC Bill”). Many of the headlines about the DMCC Bill have understandably related to the new...more
6/20/2023
/ Antitrust Provisions ,
Competition ,
Competition Act ,
Complex Corporate Transactions ,
Consumer Protection Laws ,
Corporate Counsel ,
Digital Marketplace ,
Digital Markets Strategy ,
Extraterritoriality Rules ,
Merger Controls ,
Mergers ,
Proposed Amendments ,
Threshold Requirements ,
UK ,
UK Competition and Markets Authority (CMA)
The UK’s Competition and Markets Authority (“CMA”) has published its long-awaited draft guidance on sustainability agreements between competitors (the “Draft Guidance”). In doing so, it acknowledges that collaborations...more
Welcome to Banking Bites! This is our short summary flagging some key developments in your sector that we hope will inform your activities in your market....more
11/10/2022
/ Anti-Fraud Provisions ,
Anti-Money Laundering ,
Banking Sector ,
Business Interruption ,
Commercial Court ,
Coronavirus/COVID-19 ,
Cryptoassets ,
Disparate Impact ,
Economic Sanctions ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Financial Stability Board ,
Fraud ,
Greenwashing ,
Imports ,
Liquid Natural Gas ,
NYDFS ,
Russia ,
Trade Restrictions ,
UK ,
UK Parliament ,
Ukraine
The Digital Markets Act (DMA), introduces stricter rules for ‘big tech’ in the EU and comes into force today, November 1 2022. The DMA forms part of the European Commission’s new package of legislation governing conduct in...more
Following on from its first annual report on the National Security and Investment Act (“NSIA”) in June 2022 ), on 19 July 2022 the UK’s Department for Business, Energy & Industrial Strategy (“BEIS”) published its first set of...more
7/26/2022
/ Acquisitions ,
Annual Reports ,
BEIS ,
Insolvency ,
National Security ,
New Guidance ,
Notice Requirements ,
Reorganizations ,
Shareholders ,
Transfer of Control ,
UK
On the 13 July 2022, the General Court upheld the European Commission’s decision to accept a referral from Member States under Article 22 of the EU Regulation n°139/2004 on merger control (“EUMR”) to review a deal that fell...more
On 16 June 2022, the UK’s Department for Business, Energy & Industrial Strategy (“BEIS”) published its first annual report into the performance of the National Security and Investment Act (“NSIA”) regime. The report - which...more
New High Court case considers nature and scope of the Quincecare duty -
In June, the Court of Appeal expanded the scope of a bank’s duty of care to protect its customers from fraud to encompass instructions by those other...more
6/21/2022
/ Bank of England ,
Banks ,
Civil Monetary Penalty ,
Climate Change ,
Criminal Liability ,
Duty of Care ,
Economic Sanctions ,
EU ,
European Commission ,
Financial Accounting ,
Fraud ,
Insurance Industry ,
Member State ,
Money Laundering ,
Office of Financial Sanctions Implementation (OFSI) ,
Payment Systems Regulator (PSR) ,
Prudential Regulation Authority (PRA) ,
Risk Factors ,
Russia ,
Third-Party Service Provider ,
UK ,
UK Regulatory Reforms
Welcome to Banking Bites! This is our short summary flagging key developments in the UK that we hope will inform your activities in your market....more
5/17/2022
/ Anti-Money Laundering ,
Antitrust Violations ,
Banking Sector ,
Corporate Governance ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Economic Sanctions ,
Ethnicity ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
FTSE ,
Modern Slavery Act ,
Retail Banks ,
Russia ,
UK ,
UK Competition and Markets Authority (CMA) ,
Ukraine
On 20 April 2022, the Department of Business, Energy and Industrial Strategy (BEIS) published its reforms to competition and consumer policy in the UK (see here for the reforms in full). The proposals follow BEIS’ July 2021...more
The European Commission (“EC”) is consulting on new rules for collaborations between competitors by inviting comments on two draft Horizontal Block Exemption Regulations on Specialisation and R&D (“HBERs”) and accompanying...more
The way in which we buy groceries has vastly transformed over the last few years given the increasing prominence of online sales and delivery services, a trend exacerbated by the global pandemic. As society’s buying habits...more
The increasing importance of the internet has caused EU and US antitrust regulators to look closely at a range of trading policies including restrictions on internet sales, geo-blocking, use of on line platforms, MFN clauses...more
7/16/2018
/ Advertising ,
Competition ,
Digital Single Market ,
E-Commerce ,
EU ,
European Commission ,
Geo-Blocking ,
Member State ,
Online Platforms ,
Price-Fixing ,
Sales & Distribution Agreements ,
Treaty on the Functioning of the European Union (TFEU)
On 26 April 2018, the European Commission (the “Commission“) published a long awaited draft regulation on promoting fairness and transparency in online platforms, introducing some new rules for the operators of platforms...more