The UK Parliament issues an independent report which calls for streamlining and enhanced legal predictability in the national antitrust regime

Commissioned by the U.K. government to review its antitrust regime, Conservative Member of Parliament John Penrose’s “Power to the People” report proposes streamlined, modest changes rather than wholesale reform to the current regime. The report’s recommendations are outlined below: Merger reviews and antitrust investigations should be done “faster, better,” with all but the most complicated cases resolved “within weeks or months rather than years.” Companies should be able to resolve cases at any time with remedies, and investigations should take place within a transparent and predictable legal framework; The powers of the recently announced Digital Markets Unit (DMU) of the U.K. Competition and Markets Authority (CMA) should be ring-fenced to avoid regulatory creep, and its ex ante ability

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Skadden, Arps, Slate, Meagher & Flom (London)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)

Quotation

Bill Batchelor, Frederic Depoortere, Giorgio Motta, Ingrid Vandenborre, Aurora Luoma, Nick Wolfe, Alexander Kamp, Tom R. Selwyn Sharpe, The UK Parliament issues an independent report which calls for streamlining and enhanced legal predictability in the national antitrust regime, 16 February 2021, e-Competitions February 2021, Art. N° 100097

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