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The Antitrust Week In Review

Posted  06/12/17
Here are some of the developments in antitrust news this past week that we found interesting and are following. EU antitrust regulators to investigate $38 billion Qualcomm, NXP deal. EU antitrust authorities opened an investigation on Friday into Qualcomm’s $38-billion bid for NXP Semiconductors, ratcheting up pressure on the U.S. smartphone chipmaker to offer concessions to address their concerns. Qualcomm, which supplies chips to Android smartphone makers and Apple, is...

The Antitrust Week In Review

Posted  06/5/17
Here are some of the developments in antitrust news this past week that we found interesting and are following. Exclusive: Google faces hefty EU fine in shopping case by August – sources. EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving...

The Antitrust Week In Review

Posted  11/14/16
Here are some of the developments in antitrust news this past week that we found interesting and are following. Trump’s Policies May Bring Fresh Wave of Deals.  With a man who is co-author of “The Art of the Deal” as president-elect, deal making can be expected to increase.  This rise will be determined by whether a Trump administration can govern with stability.  And then there is the biggest factor these...

The Antitrust Week In Review

Posted  08/29/16
Here are some of the developments in antitrust news this past week that we found interesting and are following. Mylan May Have Violated Antitrust Law in Its EpiPen Sales to Schools.  Schools across the country keep EpiPens in their nurses’ offices in case a student has a severe allergic reaction.  For years, Mylan Pharmaceuticals has been selling the devices to schools at a discounted price, giving them a break from...

European Parliament Adopts Revised Directive On Payment Services (PSD2)

Posted  10/8/15
A View from Constantine Cannon’s London Office By James Ashe-Taylor and Yulia Tosheva The European Parliament formally adopted the revised Directive on Payment Services (PSD2) today. The new law, proposed by the European Commission in July 2013, aims to enhance consumer protection, innovation and security of payment services.  Among the key changes introduced by the new rules are the following: Introduction of strict security requirements for the initiation and processing...

UK Passes Consumer Rights Bill Introducing Opt-Out Antitrust Class Actions

Posted  03/26/15
A View from Constantine Cannon’s London Office By Richard Pike The United Kingdom announced today that the Consumer Rights Bill has passed its final legislative hurdle and has been adopted as the Consumer Rights Act 2015 – heralding a major overhaul of consumer protection law in the UK. Schedule 8 of the Act contains radical new provisions designed to boost private antitrust enforcement in the UK.  Most noteworthy is the...

European Commission Announces Agreement To Cap Interchange Fees For Card-Based Payments

Posted  01/7/15
A View from Constantine Cannon’s London Office By Yulia Tosheva and James Ashe-Taylor The European Commission has announced that the European Parliament and the European Council have reached a long-awaited political agreement on the Commission’s proposal for a Regulation on Interchange Fees for Card-based Payment Transactions. The Regulation will introduce maximum fees for four-party card schemes’ consumer debit and credit cards, prevent card schemes from forcing retailers to accept all types...

EU Accepts Visa Interchange Fee Caps

Posted  03/3/14
By Aymeric Dumas-Eymard Visa has just closed a chapter of its antitrust woes in the European Union. On February 26, 2014, the European Commission announced that it had rendered legally binding the commitments offered by Visa Europe to cap its yearly weighted average Multilateral Interchange Fees (MIFs) for consumer credit card transactions at a level of 0.3% of the value of the transaction.  The cap will apply with immediate effect...

Umbrella Liability For Price Fixing: Does The Forecast Call For More Damages In The EU And U.S.?

Posted  02/10/14
A View from Constantine Cannon’s London Office By Irene Fraile and Ankur Kapoor The European Union may be on the verge of embracing “umbrella liability”—a theory of liability that would significantly increase the exposure of members of anticompetitive cartels. The European Court of Justice is being urged by one of its advocates general to hold that, under EU law, victims of cartels can seek damages from cartel members for higher...

Europeans Evolving Toward More Plaintiff-Friendly Private Damages Action Rules

Posted  12/5/13
 A View from Constantine Cannon’s London Office By James Ashe-Taylor and Julia Schaefer The governing institutions of the European Union are moving ahead with proposals that could enable consumers and businesses victimized by antitrust violations to have a better chance at recovering damages from cartel members. Earlier this week, ministers from all 28 member states of the EU agreed at a meeting of the Council of the European Union to...
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