On April 20, 2022, the U.K. government announced amendments to the U.K. competition and consumer law regimes. [1] Changes to merger control include: Expanded conditions for killer acquisitions, which will eliminate the need for a U.K. overlap in acquirer and target activities intended to cover alleged “killer acquisition” fact patterns where the acquirer has a high share of supply (greater than 33%) and substantial U.K. presence (over £350 million).Increased jurisdictional thresholds that will (i) increase the turnover threshold and (ii) exempt from review deals between small businesses.Flexible timing for remedies, allowing remedies to be considered earlier in the Phase 2 process and also expand the ability for parties to request a “fast-track” reference to Phase 2.Increased penalties for
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The UK Parliament revamps antitrust rules with broader jurisdictional reach, tougher penalties and more flexible procedure for merger control
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