Mergers & Covid-19

Mergers

The UK Competition Authority finds that a merger in the online secondary ticketing market raises competition concerns even after accounting for the COVID-19 difficulties (StubHub / viagogo) Free
British Competition Authority - CMA (London)
Merger of viagogo and StubHub raises competition concerns* viagogo’s purchase of StubHub raises competition concerns in the online secondary ticketing market in the UK, a CMA investigation has found. The Competition and Markets Authority (CMA) is concerned that the loss of competition brought (...)

The Australian Competition Authority continues its investigation into one major airline’s acquisition of 19.9% stake in another with increased concern for smaller airlines due to COVID-19 (Qantas / Alliance Airlines) Free
Australian Competition and Consumer Commission (Canberra)
Investigation into Qantas’s stake in Alliance Airlines continues* The ACCC is continuing to investigate Qantas Airways’ (Qantas) (ASX:QAN) acquisition of a 19.9 per cent stake in Alliance Aviation (Alliance) (ASX:AQZ) during these uncertain times in the aviation industry. Qantas acquired a 19.9 (...)

The German Parliament mitigates the consequences of COVID-19 by adopting a bill and temporarily amending national competition law to extend merger control review periods and suspend interest payments for antitrust fines Free
Morgan Lewis (Brussels)
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Morgan Lewis (Frankfurt)
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Morgan Lewis (Belgium)
Two key amendments to the German competition law entered into effect on May 29, 2020, temporarily extending merger control review periods and temporarily suspending interest payments for antitrust fines, further to a bill adopted by the German Parliament to mitigate the consequences of the (...)

The EU Commission opens in-depth investigation into a proposed merger between 2 leading airlines operating routes between Canada and Europe while recognizing the target markets are significantly impacted by the COVID-19 outbreak (Transat / Air Canada) Free
DG COMP (Brussels)
Mergers: Commission opens in-depth investigation into proposed acquisition of Transat by Air Canada* The European Commission has opened an in-depth investigation to assess the proposed acquisition of Transat by Air Canada, under the EU Merger Regulation. The Commission is concerned that the (...)

The German Federal Government tightens foreign direct investment control in light of COVID-19 following the guidance from the EU Commission on a possible increased risk of attempts to acquire healthcare capacities Free
Jones Day (Brussels)
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Jones Day (Brussels)
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Jones Day (Frankfurt)
On May 20, 2020, the German Federal government adopted the 15th amendment to the Foreign Trade and Payments Ordinance (AWV). The changes to the AWV will be effective shortly, after publication in the Federal Gazette. Prompted by the COVID-19 pandemic, the amendment expands the scope of (...)

The German Government tightens national foreign direct investment screening regime to better protect security-relevant businesses in the health sector from non-EEA take-overs in light of COVID-19 outbreak Free
Morgan Lewis (Washington)
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Morgan Lewis (Frankfurt)
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Morgan Lewis (Frankfurt)
A recent amendment to Germany’s foreign direct investment ordinance adds new businesses to the existing catalogue of critical infrastructures—in particular, in the health sector—that will be subject to foreign direct investment screening going forward. Germany is taking several legislative (...)

The Spanish Competition Authority clears merger of travel agencies (Barceló / Globalia)
Spanish Competition Authority (Madrid)
The CNMC authorises Barceló to purchase Globalia’s travel agency business* The CNMC has authorised, in the first phase, Barceló to acquire exclusive control of Globalia’s travel agency business. We do not anticipate this operation to have any adverse effects on competition in the markets affected (...)

The UK Competition Authority blocks sports-fashion merger finding that even with COVID-19 significantly impacting the relevant sector there would still be negative effects on the competition if the merger proceeded (JD Sports / Footasylum) Free
British Competition Authority - CMA (London)
CMA blocks sports-fashion merger* The CMA has blocked JD Sports’ purchase of close competitor Footasylum after finding it would leave shoppers worse off. Following an in-depth Phase 2 investigation, the Competition and Markets Authority (CMA) has concluded that this transaction would lead to a (...)

The UK Competition Authority blocks a sports-fashion retailer acquisition finding that even with COVID-19 significantly impacting the relevant sector, the transaction would lead to a substantial lessening of competition nationally (JD Sports / Foot asylum) Free
Van Bael & Bellis (Brussels)
On 6 May 2020, the UK’s Competition and Markets Authority (“CMA”) blocked the sports-fashion retailer JD Sports’ already completed purchase of sportswear retailer Foot- asylum. The CMA concluded that the parties were close competitors and the transaction would lead to a substan- tial lessening of (...)

The UK Competition Authority clears merger between 2 online food delivery undertakings ahead of the statutory deadline for decision despite COVID-19 pandemic (Just Eat / Takeaway.com) Free
British Competition Authority - CMA (London)
CMA gives Just Eat and Takeaway.com deal the green light* The CMA has cleared the £6.2 billion merger between 2 food delivery companies. Just Eat plc (Just Eat) is one of the main food delivery firms in the UK market, while Takeaway.com N.V (Takeaway.com) operates in 11 countries overseas, (...)

The UK Competition Authority publishes guidance on its approach to merger control during the COVID-19 pandemic Free
Herbert Smith Freehills (London)
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Herbert Smith Freehills (London)
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Herbert Smith Freehills (London)
The Competition and Markets Authority (CMA) has published guidance on its approach to merger control during the COVID-19 pandemic. The guidance deals with procedural issues as well as substantive assessment, and makes it clear that on the whole the CMA’s approach remains one of ‘business as (...)

The UK Competition Authority clarifies its general approach to assessing mergers and its specific approach to assessing "failing firm" claims during the COVID-19 pandemic Free
British Competition Authority - CMA (London)
COVID-19: CMA approach to merger assessments* The CMA has today provided more detail on its general approach to assessing mergers during the Coronavirus (COVID-19) pandemic. Following its statement about working practices issued on 18 March, the Competition and Markets Authority (CMA) has set (...)

The Ecuadorian Competition Authority publishes new merger review procedure due to COVID-19 crisis Free
Pérez Bustamante & Ponce (Quito)
COVID-19: New, fast-track merger review procedure introduced in Ecuador Historically, crises have been catalysts of legal and political change. On occasion of the COVID-19 emergency, this week (April 20th, 2020) the Ecuadorian competition agency (‘Superintendencia de Control del Poder de (...)

The Indian Competition Authority continues to require electronic filing of merger notifications and announces further delays of notification deadlines due to the COVID-19 pandemic Free
Indian Competition Commission (New Delhi)
Measures in view of threat of CORONAVIRUS/COVID-19 pandemic* In continuation to the public notices issued on March 23, 2020, March 30, 2020 and April 13, 2020 wrt "Measures in view of threat of CORONAVIRUS/COVID-19 pandemic", the following additional arrangements are made: Information with (...)

The UK Competition Authority provisionally clears acquisition of an online food delivery business by a global online shopping company to prevent it from bankruptcy likely to happen due to economic effects of the COVID-19 outbreak (Amazon / Deliveroo) Free
British Competition Authority - CMA (London)
CMA provisionally clears Amazon’s investment in Deliveroo* In light of a deterioration in Deliveroo’s financial position as a result of coronavirus (COVID-19), the CMA has provisionally cleared Amazon’s investment in Deliveroo. After completing an initial, Phase 1, investigation, the Competition (...)

The UK Competition Authority provisionally clears the acquisition of a delivering food company despite COVID-19 (Deliveroo / Amazon) Free
Van Bael & Bellis (Brussels)
On 17 April 2020, approximately one week after the CMA found COVID-19 not to be an obstacle to its decision to block the Sabre/ Farelogix transaction, the CMA announced its provisional clearance of the acquisition by Amazon of a minority shareholding and certain rights in Deliveroo “in light of (...)

The Danish Competition Authority extends the suspension of merger review time limits during the COVID-19 crisis Free
Danish Competition and Consumer Authority (Copenhagen)
Suspension of time limits for merger review is extended* The Minister of Industry, Business and Financial Affairs has issued an order, which extends the suspension of merger review time limits until May 10. When companies wish to implement a merger, the Competition and Consumer Agency must (...)

The Danish Competition Authority suspends merger control deadlines due to the COVID-19 outbreak Free
Bird & Bird (Copenhagen)
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Bird & Bird (Copenhagen)
In an unprecedented move, the Danish merger control deadlines have been suspended from the 18 March due to the COVID-19 situation until 10 May for now. When undertakings wish to implement a larger merger, the Competition and Consumer Authority (“DCA”) must ensure that the merger will not (...)

The Lithuanian Competition Authority announces that merger review might be delayed due to the COVID-19 outbreak making data collection from market participants more difficult Free
Lithuanian Competition Authority (Vilnius)
EXAMINATION OF MERGERS MAY LAST LONGER* As companies have temporarily suspended their business operations due to the Covid-19 outbreak, Konkurencijos taryba is struggling to receive information from businesses and informs companies that it may take longer than usual to implement the activities (...)

The UK Competition Authority blocks merger between online airline booking providers despite their sector being significantly impacted by the COVID-19 outbreak (Sabre / Farelogix) Free
British Competition Authority - CMA (London)
CMA blocks airline booking merger* Following an in-depth investigation, the CMA has blocked Sabre’s proposed takeover of Farelogix. Among other products and services, Sabre and Farelogix supply software solutions which help airlines to sell flights via travel agents including those that (...)

The UK Competition Authority blocks a proposed merger in the market for the supply of merchandising solutions and distribution systems to airlines despite the COVID-19 pandemic (Sabre / Farelogix) Free
Van Bael & Bellis (Brussels)
Despite the uncertain future facing the global travel industry as a result of the COVID-19 pandemic, on 9 April 2020, the UK’s Competition and Markets Authority (“CMA”) announced its decision to block the proposed Sabre/Farelogix transaction, citing concerns that “UK passengers [would] miss out on (...)

The Austrian Competition Authority requires electronic notification of mergers and announces delays in merger control due to COVID-19 restrictions Free
Austrian Competition Authority (Vienna)
Coronavirus (COVID-19) update 9.4.2020: current operations in the AFCA and regulations relating to merger notifications and examinations* Current regulations relating to merger notifications and examinations Due to the current traffic restrictions and statutory special rules relating to (...)

The UK Competition Authority states that a private hospital merger will be cleared if it can address local competition concerns, and recognizes the difficulty faced by merging parties due to the COVID-19 pandemic (Circle Health / BMI Healthcare) Free
British Competition Authority - CMA (London)
Private hospital merger to be approved if local concerns addressed* The CMA has found that the completed merger between Circle and BMI does not raise UK-wide competition concerns but could reduce competition in 2 local areas. Both Circle and BMI provide elective care to NHS and privately (...)

The UK Competition Authority recognizes that merging construction companies might be heavily affected by COVID-19 pandemic, but still requires them to address competition concerns before clearing the merger (Kingspan / Building Solutions) Free
British Competition Authority - CMA (London)
Construction products merger raises competition concerns* The CMA has found that Kingspan’s anticipated purchase of Building Solutions raises competition concerns in the supply of specialist insulation panels. Kingspan is the leading provider in the UK of standard foam sandwich panels, which (...)

The EU Commission announces that, amid the current COVID-19 crisis, it stands ready to deal with cases where firms can show very compelling reasons to proceed with a merger notification without delay Free
Freshfields Bruckhaus Deringer (Brussels)
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Freshfields Bruckhaus Deringer (London)
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Freshfields Bruckhaus Deringer (London)
Although many competition authorities are making considerable efforts to ensure “business as usual” during the COVID-19 crisis, the pandemic is inevitably having a material impact on merger control reviews around the globe. In addition to the obvious timing implications, deals are now being, and (...)

The EU Commission maintains adjustments to merger filing process made in response to COVID-19 crisis while underscoring need to protect competition Free
Van Bael & Bellis (Brussels)
The European Commission (the “Commission”) continues to encourage companies to delay any planned merger notifications until further notice in light of the COVID-19 pandemic, as it anticipates that it may face difficulties in collecting the information necessary to conduct its review, in (...)

The EU Commission and National Competition Authorities implement remote working for the vast majority of their workforces, presenting challenges in merger control during the COVID-19 outbreak Free
Orrick, Herrington & Sutcliffe (London)
Like most organisations, the European Commission (the "Commission") and national competition authorities ("NCAs") have implemented remote working for the vast majority of their workforces. This presents unique and unprecedented challenges in merger control, one of the regulatory areas with the (...)

The Canadian Competition Authority announces that its 2020 pre-merger notification thresholds will remain the same level as last year Free
Commonwealth Secretariat (London)
Canada’s Competition Bureau (the “Bureau”), which assists the Commissioner of Competition (the “Commissioner”) in the administration and enforcement of the Competition Act (the “Act”), announced on 1 April 2020 that the 2020 pre-merger notification transaction size threshold for acquiring an (...)

The COMESA Competition Authority encourages electronic merger notifications, extends deadline for document submission, suspends physical meetings, and warns of possible investigation delays due to COVID-19 pandemic Free
Common Market for Eastern and Southern Africa (Comesa) (Lusaka)
NOTICE OF INTERIM MEASURES IN MERGER REVIEW OF THE COMESA COMPETITION COMMISSION DUE TO THE COVID-19 PANDEMIC* The COMESA Competition Commission (the Commission) is aware that these are unprecedented, uncertain and challenging times for undertakings and other stakeholders. In view of this, the (...)

The COMESA Competition Commission issues guidance on timing and other implications for merger review relating to the COVID-19 pandemic Free
Primerio (Washington)
COMESA retains 30-day merger notification requirement during COVID pandemic, but loosens some rules* The COMESA Competition Commission (CCC) has, along with several other competition-law enforcers on the African continent, issued new guidance on timing and other implications relating to the (...)

The US FTC provides guidance on COVID-19’s impact on HSR filing timelines Free
McDermott Will & Emery (Washington)
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McDermott Will & Emery (Washington)
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McDermott Will & Emery (Washington)
In a prior note we provided guidance on COVID-19’s Impact on HSR Filing Timelines. The Agencies had indicated that early termination would not be granted while FTC operated on a temporary e-filing system. Today, the Agencies have updated that guidance and as of March 30 will again grant early (...)

The Serbian Competition Authority publishes its new guidelines on notification deadlines for merger during the COVID-19 crisis Free
Karanovic & Nikolic (Belgrade)
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Karanovic & Nikolic (Belgrade)
The Impact of COVID-19 Outbreak on Merger Control Matters in Western Balkans* The COVID-19 pandemic has been heavily affecting economies and countries across the globe. In such circumstances, ensuring the undisturbed work of the competition authorities is difficult, but important in order to (...)

The French Competition Authority publishes its adaptation of the time limits and procedures during the COVID-19 outbreak Free
French Competition Authority (Paris)
Adaptation of the time limits and procedures of the Autorité de la concurrence in times of health emergency* Background The Autorité specifies to businesses how the rules regarding deadlines and procedures will be adapted due to the state of health emergency. Following the adoption of the law (...)

The Australian Competition Authority provides guidance for the merger clearances, authorisations, notifications and CTMs during the COVID-19 pandemic Free
Australian Competition and Consumer Commission (Canberra)
COVID-19 pandemic - what it means for ACCC merger clearances, authorisations, notifications and CTMs* With the recent and increasing impact of the COVID-19 pandemic, the ACCC’s Merger & Authorisation Review Division will provide ongoing guidance regarding any changes in our operations (...)

The UK Competition Authority clarifies that the UK merger control regime is still operating despite the COVID-19 pandemic Free
Ashurst (London)
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Ashurst (London)
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Ashurst (London)
Whilst Covid-19 is not expected to lead to changes to the core legal and policy principles underpinning merger control regimes around the world, it is worth noting that: merger control regimes are still in operation, albeit filing processes and regulatory reviews may take a bit longer and some (...)

The Portuguese Competition Authority allows payment of a gun-jumping fine in instalments due to the COVID-19 outbreak (Hospital Particular do Algarve) Free
Van Bael & Bellis (Brussels)
In September 2019, the Portuguese Competition Authority (“AdC”) imposed a fine of € 155,000 on Hospital Particular do Algarve (“HPA”) for gun-jumping, finding that HPA had acquired sole control of Hospital de São Gonçalo de Lagos without the AdC’s prior approval. The AdC has recently announced that it (...)

The Portuguese Competition Authority fines a hospital for gun jumping but accepts payment of the fine in multiple installments not to negatively affect the hospital’s operations during the COVID-19 pandemic (Hospital Particular do Algarve) Free
Portuguese Competition Authority (Lisbon)
AdC fines Hospital Particular do Algarve for gun-jumping* The AdC fined Hospital Particular do Algarve, SA (HPA) in the total amount of 155,000 euros for acquiring sole control of Hospital de S. Gonçalo de Lagos S.A. (HSGL) without prior notification of the acquisition and, consequently, (...)

The Irish Competition Authority encourages delay of merger filings and establishes a temporary process for electronic notification of mergers as special measures due to COVID-19 Free
McCann FitzGerald (Dublin)
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McCann FitzGerald (Brussels)
On 18 March, the CCPC issued a statement encouraging merging parties where possible to delay merger filings until further notice, and establishing a temporary process for electronic notification of mergers. In an effort to ensure business continuity in merger review amid the COVID-19 outbreak, (...)

The Brazilian Competition Authority implements measures in line with WHO recommendations against the spread of the COVID-19 Free
Mattos Filho Advogados (Sao Paulo)
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Mattos Filho, Veiga Filho, Marrey Jr. & Quiroga (Sao Paulo)
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Mattos Filho Veiga Filho Marrey Jr & Quiroga (New York)
The Brazilian antitrust authority has implemented measures in line with WHO recommendations against the spread of the COVID-19, and activities are being carried out without major impacts, although deadlines in conduct cases are now suspended and delays in certain matters cannot be altogether (...)

The Danish Competition Authority suspends its time limits for merger review for 14 days as special measure due to COVID-19 Free
Danish Competition and Consumer Authority (Copenhagen)
Time limits for merger control are suspended for 14 days* The Minister of Industry, Business and Financial Affairs has issued an order implying that the time limits for merger control are suspended for 14 days. When companies wish to implement a larger merger, the Competition and Consumer (...)

The French Competition Authority encourages the delay of new mergers, requires electronic submission, and extends processing times as special measures due to COVID-19 Free
French Competition Authority (Paris)
Adaptation of merger control procedures due to Coronavirus COVID-19* Given the health situation in France, the Autorité de la concurrence is forced to put in place extensive preventive measures. The services of the Autorité are working remotely since 17 March 2020. Time limits for processing (...)

The Irish Competition Authority announces temporary changes to the merger notification process due to the COVID-19 outbreak Free
Matheson (Dublin)
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Matheson (Dublin)
In light of the ongoing Covid-19 pandemic, the Irish Competition and Consumer Protection Commission (“CCPC”) announced on 18 March 2020 temporary measures to assist it in complying with binding statutory deadlines and to ensure business continuity in the review of notified mergers and (...)

The US DOJ extends its timing of merger investigations by 30 days and allows electronic filing of Hart-Scott-Rodino submissions among special measures due to COVID-19 Free
US Department of Justice - Antitrust Division (Washington)
Justice Department Announces Antitrust Civil Process Changes for Pendency of COVID-19 Event* Process Changes Will Ensure that the Department Can Carry Out Its Enforcement Mission While Protecting the Health and Safety of Its Employees and the American Public The Department of Justice (...)

The Spanish Government updates foreign investment screening regime in light of COVID-19 and prohibits or severely limits the foreign acquisition of companies active in sectors related to public order, public security or public health Free
Callol, Coca & Asociados (Madrid)
The rapid spread of Covid-19 has led to its consideration as a global pandemic. Spain, currently at the epicenter of the crisis, has declared the state of alarm last Sunday. To ease the effects of the Covid-19 crisis in the economy, the Spanish Government approved yesterday Royal Decree-Law (...)

The French Competition Authority is not able to guarantee the usual processing delays for mergers since its staff is working remotely during the COVID-19 situation Free
Baker Mckenzie (Paris)
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Baker Mckenzie (Paris)
The French government has taken preventive measures due to COVID-19, thereby forcing the members of the French Competition Authority to work remotely since 17 March 2020. This situation is already impacting on merger control: “Although we are striving to ensure continuity of public service, (…) (...)

The US FTC and DOJ adopt new mergers procedures in response to the COVID-19 pandemic outbreak Free
Jones Day (Washington DC)
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Jones Day (Washington DC)
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Jones Day (Washington DC)
The FTC and DOJ have adopted new procedures in response to the novel coronavirus (COVID-19) pandemic. The changes are intended to help the agencies stay open during the crisis, but merging parties should expect lengthier antitrust reviews until normal operations resume. All merger filings with (...)

The EU Commission adjusts merger filing process in response to COVID-19 crisis
Van Bael & Bellis (Brussels)
The European Commission (the “Commission”) has announced that it will face delays in its merger review process as a result of the COVID-19 pandemic. In particular, the Commission has stated that it may not be able to collect information from third parties efficiently and may have limited access (...)

The Finnish Competition Authority requires companies to contact the Authority before notifying new merger transaction due to COVID-19 outbreak Free
Bird & Bird (Helsinki)
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Bird & Bird (Helsinki)
Due to the novel coronavirus the Finnish Competition & Consumer Authority ("FCCA") has published a statement requiring companies to contact the FCCA before filing a new merger control notification and specifically agreeing with the FCCA that a notification may be filed. This requirement is (...)

The EU Commission encourages the delay of merger notifications and electronic submission as special measures due to COVID-19 Free
DG COMP (Brussels)
SPECIAL MEASURES DUE TO CORONAVIRUS / COVID-19* DELAY OF MERGER NOTIFICATIONS DG COMP has put in place a number of measures to ensure business continuity in the enforcement of the EU Merger Regulation. However, due to the complexities and disruptions caused by the Coronavirus, companies are (...)

The EU Commission encourages companies to delay merger notifications until further notice due to the COVID-19 outbreak Free
Bird & Bird (Düsseldorf)
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Bird & Bird (Brussels)
Challenges created by the COVID-19 crisis Novel Coronavirus (COVID-19) is having a major impact on the “business continuity" of courts and regulatory authorities. This affects, in particular, merger control proceedings as these are typically subject to specific time limits that the authorities (...)

The US DoJ announces antitrust civil process changes for the pendency of COVID-19 events and confirms that the HSR review process will be significantly impacted Free
McDermott Will & Emery (Washington)
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McDermott Will & Emery (Washington)
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McDermott Will & Emery (Washington)
With COVID-19-related closures rolling in daily, you may have questions about the operating status of the federal government’s antitrust enforcement agencies. Currently, the HSR review process does not seem to be significantly impacted, although the agencies will not grant a request for early (...)

The EU Commission announces that companies were encouraged to delay new merger notifications until further notice because of the complexities and disruptions caused by the current COVID-19 outbreak Free
Hogan Lovells (Brussels)
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Hogan Lovells (Brussels)
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Hogan Lovells (Milan)
The current COVID-19 pandemic is posing unprecedented challenges on our public health systems and communities. It is also heavily impacting economic activity, including for companies in the midst of M&A or joint venture transactions. Deals that are subject to merger control review in the (...)

The US FTC Premerger Notification Office temporarily institutes mandatory e-filing system as a special measure due to COVID-19 Free
US Federal Trade Commission (FTC) (Washington)
Premerger Notification Office Implements Temporary e-Filing System* Due to the developing COVID-19 coronavirus pandemic, and consistent with guidance from the Office of Personnel Management, the Premerger Notification Office (PNO) will implement a temporary e-filing system. During this (...)

The EU Commission encourages companies to delay merger notifications originally planned until further notice where possible due to COVID-19 Free
White & Case (Brussels)
COVID-19 is changing our lives more rapidly and more profoundly than we could have ever imagined. All over the world, governments order their countries into lockdowns, factories stop producing, people stop buying, citizens are confined to their four walls and businesses switch to working (...)

The US DoJ and FTC issue guidance on merger review during the COVID-19 outbreak and confirm that they continue to operate despite merging parties expecting lengthier reviews Free
Jones Day (Washington DC)
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Jones Day (Washington DC)
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Jones Day (Washington DC)
The FTC and DOJ have adopted new procedures in response to the novel coronavirus (COVID-19) pandemic. The changes are intended to help the agencies stay open during the crisis, but merging parties should expect lengthier antitrust reviews until normal operations resume. All merger filings with (...)

The US DoJ and FTC implement policies in response to COVID-19 including new measures to the HSR e-filing system Free
White & Case (Brussels)
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White & Case (Washington)
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White & Case (Washington)
Last week, in response to the outbreak of the Coronavirus disease (COVID-19), the antitrust agencies in the United States and European Union issued policies that will affect, and may delay, merger filings and reviews. On March 13, 2020, the US Department of Justice (“DOJ”) and Federal Trade (...)

The US DoJ and FTC publish a public statement regarding their ongoing commitment to antitrust enforcement in mergers and acquisitions during the COVID-19 crisis Free
Morgan Lewis (New York)
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Morgan Lewis (Washington)
US antitrust laws already on the books facilitate rapid investment without government delay: important practical tools and rules for dealmakers and their counsel in the wake of the coronavirus (COVID-19) pandemic and the current economic challenges. Recently, leaders of both the US Antitrust (...)

The Chinese Competition Authority publishes a formal statement on revised procedures for merger filings during the COVID-19 crisis Free
O’Melveny & Myers (Brussels)
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O’Melveny & Myers (Washington DC)
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O’Melveny & Myers (Hong Kong)
These moves follow similar actions by the State Administration for Market Regulation (“SAMR”), China’s antitrust authority. On February 6, SAMR issued a formal statement laying out revised procedures for merger filings, prohibiting face-to-face meetings and requiring parties to submit pre-merger (...)

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