“Hope Smiles from the threshold of the year to come, Whispering ‘it will be happier’…” Introduction This quote from Alfred, Lord Tennyson might – I sincerely hope after recent events – be applicable to life generally in Brussels in 2017. But not so – I fear – in the world of EU merger control. It…

Introduction The Jersey Competition Regulatory Authority (the JCRA) has published its recommendations for proposed changes to the island’s merger control regime. Similar recommendations have also been published by the Guernsey Competition and Regulatory Authority (the GCRA) – which, with the JCRA, operates under the combined banner of the Channel Islands Competition & Regulatory Authorities or…

On August 19, 2016 the new Merger Regulation was adopted in Ukraine. This step is the next improvement after increasing notification thresholds aimed at improving merger control regime effectiveness in Ukraine. The key novelties of the new Merger Regulation include: introduction of requirements to applications within the simplified procedure adopted in May 2016; introduction of…

In June 2015, China pushed through a relatively bold liberalization of drug prices, moving from a regime where the government decides the prices or price ranges of the most commonly used drugs to a regime where the prices of most drugs are determined by market forces. Already then, the National Development and Reform Commission (NDRC)…

On 8 June 2016, the Chinese Ministry of Commerce (“MOFCOM“) released its decision to lift the conditions it had imposed on Walmart’s acquisition of 33.6% of the shares in Newheight Holdings. This acquisition in 2012 gave Walmart corresponding rights over Yihaodian, one of China’s best-known e-commerce supermarkets, through a reported “variable interest entity” (“VIE“) structure….

The European Commission recently published its decision clearing the joint acquisition by Electricité de France S.A. (EDF) and China General Nuclear Power Corporation (CGN) over a group of companies active in the nuclear energy sector. The decision provides a warning that transactions involving a Chinese State-owned enterprise (SOE) may trigger a mandatory notification to the…

Introduction In October 2015, following a phase II investigation, the European Commission published its decision to approve a JV between three of the largest collective management organisations (CMOs) in Europe, PRSfM (UK), GEMA (Germany) and STIM (Sweden).1)M.6800-PRSfM/ STIM/ GEMA/ JV. As in other recent music industry mergers, the Commission investigated whether the combination of the…

On March 18, 2016 the new law increasing notification thresholds (former draft law 2168a) was officially published. The law is expected to become effective on May 18, 2016. The current financial thresholds test has been substituted by the two new alternative ones (either A or B): Current financial thresholds to be met cumulatively (1+2+3) Expected…

Following over 20 years of deliberations and finally the entry into force of the first cross-sector competition law in the Philippines last summer, the newly established Philippine Competition Commission (“Commission”) has published an interim arrangement to accept simplified merger notifications. Notifications are mandatory for transactions which satisfy the transaction value threshold during the interim period….

DG COMP has published a study by the University of East Anglia analysing the European Commission’s approach to geographic market definition in recent cases.  It has reviewed ten cases from 2008-2014 where geographic market definition was a key issue.  The study looked at the Commission’s geographic market analysis in terms of the methodology used and…