The UK Competition Authority gradually moves towards a mandatory notification regime

In recent years, the Competition and Markets Authority (CMA) has become noticeably more pro-active and interventionist in reviewing transactions. In 2019 more than 50% of mergers referred to Phase 2 were prohibited or abandoned. At Phase 2 in 2020, the CMA has already issued three prohibitions and another four transactions have been abandoned. Only one has been cleared. Despite the UK operating a voluntary notification regime, the CMA has available to it an extensive range of powers to intervene in transactions, which it is increasingly exercising, making the regime, in practice, one of mandatory notification. This article assesses two recent developments that will further confirm and reinforce this trend: the CMA’s proposed revision to its jurisdictional guidance and the recent

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  • Bird & Bird (London)
  • Bird & Bird (London)

Quotation

Chloe Birkett, Peter Willis, The UK Competition Authority gradually moves towards a mandatory notification regime , 8 December 2020, e-Competitions December 2020, Art. N° 98388

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