Nyhet

A shift in EU merger control policy and practice could affect deal certainty and create opportunities for complainants

26 april 2021

The European Commission is expanding its control of mergers and acquisitions within the existing legal framework, allowing national authorities to refer a transaction they do not have jurisdiction over for review in Brussels.

While referrals from national authorities to the Commission have always been possible, the Commission would previously not take the case where the transaction was not subject to merger control approval by any national authority. The parties to a transaction could therefore safely complete a deal that was not subject to notification under the EU Merger Regulation or the merger control regimes in any of the member states. This is no longer necessarily the case. Following a shift in policy, the Commission is now prepared to scrutinise transactions that do not meet the thresholds for mandatory notification in any member state. To this effect, the Commission recently adopted new guidance on the application of the referral mechanism in the EU Merger Regulation (here). Soon after, the Commission decided to accept referral requests from a number of member states to assess the proposed acquisition of GRAIL by Illumina under the EU Merger Regulation (see here). In some situations, the national competition authorities are therefore now encouraged by the Commission to request a referral to the EU of deals that they are not competent to assess under their domestic rules, because the applicable thresholds are not fulfilled, and that are worth reviewing at the EU level. This shift in policy and practice is primarily intended to capture so called killer acquisitions - an acquisition of a maverick or future entrant that would eliminate an important competitive force - and other potentially anti-competitive mergers and acquisitions where the turnover of the parties involved do not adequately reflect their competitive importance. This risk must be taken into account in the planning of a deal and preparing the transaction agreements. For third parties that may be negatively affected, the shift creates further opportunities for complaints and intervention. 

Så ändras reglerna om cabotagetransporter och utstationering den 2 och 21 februari 2022

Regeringen har beslutat om ett antal nya regler rörande cabotagetransporter, kombinerade transporter, beställaransvar kör- och vilotider samt utstationering.
21 januari 2022

Kärnkraft och naturgas inkluderas i klimattaxonomin – nytt förslag från EU-kommissionen

EU-kommissionen översände den 31 december 2021 ett förslag till en expertgrupp inom Kommissionen samt medlemsstaterna om att inkludera kärnkraft och naturgas i klimattaxonomin, det vill säga EU:s klassificeringssystem för miljömässigt hållbara verksamheter.
20 januari 2022

All time high när transaktionsåret 2021 summeras

Ett rekordår med en all time high. Med en ökning på 50 % i antal transaktioner, och ett totalt transaktionsvärde på 48 miljarder EUR, var 2021 det mest transaktionsintensiva året någonsin för Vinge.
13 januari 2022