Richard Pepper is a Partner at Macfarlanes, based in Brussels. He advises on European and UK antitrust law. He has extensive experience in global merger control and FDI reviews, representing clients in cartel and behavioural investigations, and counselling on all aspects of antitrust law. Richard Pepper works across a wide range of industries, including consumer goods, financial services, healthcare, mining, manufacturing, petrochemicals, private equity, technology, telecommunications, and transportation. He also teaches antitrust law at the Catholic University of Lille.
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On January 28, 2021, the Rotterdam District Court handed down a judgment in an appeal brought by Royal Dutch Shell (Shell) against an October 2019 magistrate ruling regarding the scope of legal professional privilege (LPP) over legal advice given by Shell’s in- house lawyers . The judgment is (...)
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On October 13, 2020, the European Commission published a call for contributions to determine if and how EU competition policy can better support the European Green Deal. The European Green Deal is a comprehensive action plan aimed at making Europe the world’s first climate neutral continent (...)
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On 5 September 2020, the UK Government accepted undertakings from Gardner Aerospace Holdings Limited not to proceed with its proposed acquisition of Impcross Limited, a UK-based manufacturer of components for the aerospace industry (including for military aircraft). Gardner is owned by (...)
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The CMA’s Guidance on applications for leniency and no-action in cartel cases provides detailed guidance on the principles and process for leniency applications. On 30 July 2020, the CMA invited comments on a proposed addendum to clarify the way the CMA will exercise its discretion in relation (...)
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On 22 June 2020, the UK Government introduced new measures allowing it to intervene in merger transactions “to maintain in the United Kingdom the capability to combat, and to mitigate the effects of, public health emergencies." The Government will be able to intervene on these grounds in any (...)
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On 17 June 2020, the Supreme Court handed down a much anticipated judgment concerning the default multilateral interchange fees (MIFs) set by Mastercard and Visa (together, the Appellants). The case considered appeals relating to three separate damages actions brought by retailers against (...)
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In a landmark Judgment delivered on May 28, the General Court overturned the European Commission’s 2016 prohibition of the Three/O2 UK mobile telecommunications merger. The Judgment raises the bar for the Commission in respect of (1) the legal standard the Commission must meet; (2) the (...)
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In a landmark Judgment delivered on May 28, the General Court overturned the European Commission’s 2016 prohibition of the Three/O2 UK mobile telecommunications merger. The Judgment raises the bar for the Commission in respect of (1) the legal standard the Commission must meet; (2) the (...)
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The COVID-19 pandemic has led to extreme demand and price volatility for certain products, as well as fluctuations in firms’ costs. As firms struggle to manage these changes, agencies are aggressively seeking to show they are preventing consumer exploitation—for example, as a result of (...)
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The COVID-19 pandemic creates unprecedented issues for businesses and the global economy as a whole. The antitrust community is at the early stages of reacting to the situation: agency staff are working hard to keep the wheels on their existing workload, while taking steps to alleviate immediate supply and liquidity issues; meanwhile, the antitrust bar has started to debate with characteristic alacrity the appropriate short, medium, and even long-term responses to the challenges raised by the outbreak.
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In a March 25, 2020 communication, the European Commission (“EC”) issued guidance on the screening of foreign direct investments (“FDI”) in the context of the COVID-19 pandemic. The communication identifies an increased risk of attempts by non-EU acquirers to obtain control over suppliers of (...)
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I. INTRODUCTION The COVID-19 pandemic presents unprecedented issues for businesses and we recognize that antitrust is unlikely to be your most important concern at this time. However, some forethought may mitigate risk of future exposure, and position your business as well as possible in (...)
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On October 11, 2020, the EU Foreign Direct Investment Regulation—which establishes a European framework for the screening of foreign investments into the European Union— entered into force. The legislation attempts to address growing concerns (compounded by the COVID-19 pandemic) regarding (...)
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On October 11, 2020, the EU Foreign Direct Investment Regulation—which establishes a European framework for the screening of foreign investments into the European Union—entered into force. The legislation attempts to address growing concerns (compounded by the COVID-19 pandemic) regarding (...)
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As COVID-19 continues to cause economic upheaval, undermine established business models, and jeopardise the long-term viability of important sectors of the economy, an increasing number of transactions may involve firms in severe financial difficulty. This may in turn increase the number of (...)
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Competition Case Law Digest 5th Edition - A Synthesis of US, EU and National Leading Cases
