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Mergers

The EU Court of Justice puts an end to the extensive interpretation by some competition authorities of the concept of gun jumping (Ernst & Young)
Kramer Levin Naftalis & Frankel (Paris)
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Kramer Levin Naftalis & Frankel (Paris)
In its judgment of 31 May 2018 (Case C-633/16, Ernst & Young), the European Court of Justice (ECJ) ruled that the termination of a cooperation agreement in connection with a M&A transaction prior to its clearing under merger control rules does not constitute a gun jumping practice. (...)

Regulatory

The EU Court of Justice clarifies the scope of the regulatory framework for three-party schemes but individual assessment is needed to determine whether fee caps apply (American Express / HM Treasury)
Cleary Gottlieb Steen & Hamilton (Brussels)
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Cleary Gottlieb Steen & Hamilton (London)
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Cleary Gottlieb Steen & Hamilton (London)
In 2015, the EU Interchange Fee Regulation (the “IFR”) introduced price caps on the interchange fees paid between banks for processing credit and debit card payments. These fee caps attempt to address concerns identified in a series of antitrust investigations into Visa and Mastercard through (...)

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