ELECTRO RENT APPEALS FIRST EVER CMA FINE FOR GUN JUMPING.* Introduction and Summary An appeal has been launched against the UK competition regulator, the Competition and Markets Authority’s (CMA) first decision fining a party for gun jumping. On 20 July 2018, the Competition Appeal Tribunal (CAT) announced that Electro Rent Corporation (Electro Rent) had lodged an appeal against the decision of the CMA to impose a penalty of £100,000 on Electro Rent for failure to comply with an interim standstill obligation while its completed merger with Microlease was being investigated by the competition regulator . Electro Rent had notified the Monitoring Trustee of its intention to terminate the lease over its only UK premises but the CMA argued that the Monitoring Trustee had no authority to
The UK Competition Appeal Tribunal announces an appeal against the first fine for gun jumping (Electro Rent)
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