In our latest client alert, we take a detailed look at the key differences between the Japanese foreign investment regime and the newly proposed UK regime, and discuss whether the UK should consider adopting any of the Japanese exemptions – read about it in full, here.
McCarran-Ferguson Act repeal heads to the president as part of the Competitive Health Insurance Reform Act
On December 22, 2020, the U.S. Senate unanimously approved the Competitive Health Insurance Reform Act (CHIRA), previously passed by the House on September 21. If signed by the president, CHIRA would repeal health insurers’ federal antitrust immunity under the McCarran-Ferguson Act for state regulated activity that constitutes the business of insurance. CHIRA preserves some protections for compiling historical loss data, determining loss development factors, and performing certain actuarial services, as well as for developing standard insurance policy forms.
The COVID-19 pandemic and competition law challenges
The Competition and Markets Authority continues to assert that competition rules have and will continue to apply fully throughout the crisis, even though competition authorities have introduced certain changes in processes which enable flexibility in the approach in which their powers are exercised. But, the uncertainty that still exists around the pandemic makes it difficult to forecast the long-term impact of the crisis on competition law and enforcement. In our latest client alert, we look at the long-term effect of the pandemic on a number of key merger cases, and we also look to the future to consider what might be coming down the track.
The UK’s new National Security and Investment Bill – what do you need to know?
In our latest client alert, we provide a practical overview of the UK’s recently published National Security and Investment Bill, which forms part of a new regime that greatly extends the government’s power to intervene in takeovers of UK businesses if there is a threat to national security.
In addition to proving background on this latest move, we address the following areas which may be of particular interest:
- Mandatory notification
- Qualifying entities and assets
- Voluntary notification
- Trigger events
- The Secretary of State’s “call-in” power
- The call-in power is retrospective
- Investment Security Unit
- Penalties and remedies
- Merger thresholds and the CMA.
Access the full piece here.
Does competition law have a role in achieving a greener economy?
Under what conditions can competition law be a force that is enabling, rather than obstructive? We examine how competition law may be a useful tool to achieve a greener economy, in our latest client alert.
Recent cases highlight limitations in price-gouging enforcement
Since the start of the global pandemic, state attorneys general continue to actively pursue price-gouging investigations against individuals and entities, but courts seem to be taking a different, more business-friendly approach. Recent case developments and law amendments highlight the fact that price-gouging laws are subject to limitations. Our team explores these issues in our latest client alert.
The new EU FDI screening rules are now fully in force – what are the key features that you should know about?
The EU Foreign Direct Investment Screening Regulation introduces the first EU-wide foreign investment screening cooperation mechanism and enables the European Commission and Member States to comment on foreign investments that happen in other Member States. As these rules became fully applicable and operational from 11 October 2020, we pinpoint the key features of the EU’s FDI Screening Regulation, identify the key impact for investors and look ahead to the future. Read our latest client alert for the full update.
Third Circuit rejects courts’ authority to award monetary relief under Section 13(b) of the FTC Act
On September 30, 2020, the United States Court of Appeals for the Third Circuit reversed a historic district court award ordering disgorgement of $448 million in profits to consumers of testosterone replacement drugs under Section 13(b) of the Federal Trade Commission (FTC) Act, adding fuel to the fire of the current circuit split over this section’s interpretation. We outline the key details and offer our analysis of the issue in our client alert.
Decision in hiQ Labs, Inc. v. LinkedIn Corp. fuels debate over antitrust-privacy issues
On September 9, 2020, a federal judge in California dismissed antitrust claims brought by hiQ Labs, Inc. against LinkedIn Corp., holding that hiQ’s antitrust claims failed to properly define the relevant market. This case highlights the rising likelihood of data-related disputes by commercial parties and the potential for data access restrictions to prompt competition claims. Our recent client alert details the case and its implications.
A client resource guide to navigating global price gouging laws
With reports of excessive pricing on the rise around the globe, it is critical that companies understand the price gouging rules and regulations and their enforcement in each country where they do business. Our team has compiled a global price gouging resource guide to help our clients navigate the differing approaches taken by governments and regulatory authorities.