The UK Competition Authority issues its draft guidance concerning the application of competition law in the event of a no-deal Brexit scenario

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UK Competition Authority, Draft guidance on the effects of the UK’s ‘no deal’ exit from the European Union on the functions of the CMA, 28 January 2019

The UK Competition and Markets Authority (CMA) has issued a draft guidance paper (Draft Guidance) concerning the application of UK competition law in the event that the UK withdraws from the EU in a "no-deal" Brexit scenario. Contained in the Draft Guidance are specific guidelines on the impact of a no-deal Brexit on companies currently contemplating or pursuing M&A transactions. The Draft Guidance underlines the potentially serious implications for merging parties who expect to notify their transactions to the European Commission under the EU Merger Regulation (EUMR) over the coming weeks and months. While the UK's withdrawal from the EU has long been expected to raise some issues around the potential for overlapping merger control reviews to be triggered in the EU and UK, the

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  • Baker Botts (Brussels)
    Belgium 21 contributions 11653 visits
  • Baker Botts (Brussels)
    Belgium 7 contributions 4017 visits

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Matthew Levitt, David Cardwell, The UK Competition Authority issues its draft guidance concerning the application of competition law in the event of a no-deal Brexit scenario, 28 January 2019, e-Competitions January 2019, Art. N° 94986

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