The UK OFT decision in car club merger highlights complexities of UK’s "voluntary" merger review regime (Zipcar, Streetcar)

On 10 August 2010, the UK Office of Fair Trading (OFT) referred Zipcar‘s already-completed acquisition of Zipcar to the UK Competition Commission (CC) for an in-depth investigation. Zipcar and Zipcar now must suspend further integration of their businesses, pending the outcome of the CC's investigation. The OFT's reference decision is an important reminder that - although merging parties may complete UK transactions without UK merger clearance - the competition authorities still may investigate the transaction, suspend further integration of the businesses, and in exceptional circumstances require the completed transaction to be unwound. I. ZipcarStreetcar completed prior to notification Zipcar operates the world's largest car club service. It started operations in the UK in 2007 and

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Authors

  • Cadwalader Wickersham & Taft (Brussels)
  • London School of Economics

Quotation

Tom Bainbridge, Jarleth M. Burke, The UK OFT decision in car club merger highlights complexities of UK’s "voluntary" merger review regime (Zipcar, Streetcar), 10 August 2010, e-Competitions Bulletin August 2010, Art. N° 33662

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