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Supreme Court reinstates CAT's decision to award costs against the CMA in Pfizer and Flynn v CMA

On 25 May 2022 the Supreme Court handed down its judgment in Pfizer and Flynn v CMA [2022] UKSC 14, reinstating the Competition Appeal Tribunal's ("CAT's") decision to award Pfizer and Flynn costs arising from their successful appeal against the decision by the Competition and Markets Authority ("CMA") which found that Pfizer and Flynn had abused their dominant position in relation to the supply of epilepsy medication.  

Travers Smith advises Ancala Partners on the proposed €136.2 million acquisition of aerial emergency services businesses from Babcock International Group

Travers Smith LLP has advised its long-standing client Ancala Partners LLP (Ancala), the critical mid-market infrastructure investor, on the proposed €136.2 million acquisition of aerial emergency services businesses from Babcock International Group plc (Babcock) in Italy, Spain, Portugal, Norway, Sweden, Finland and Mozambique.

Post-termination non-compete clauses in B2B agreements: what's the Court of Appeal up to?

The challenge for a business when drafting a restrictive covenant is that if it seeks to constrain the other party's freedom to operate too much or for too long in the interests of protecting its own business, the courts may refuse to enforce the restriction. Two recent Court of Appeal rulings highlight some of the hazards in relation to post-termination non-compete obligations in B2B agreements.

UK confirms plans for tougher consumer protection regime

The UK Government has confirmed that it plans to introduce significantly stronger powers for the Competition and Markets Authority (CMA) to enforce consumer law, including the ability to impose fines of up to 10% of global turnover. This is a major change for consumer-facing businesses, although question marks remain over the exact timing.

UK Government confirms significant Competition law reform: but when will the bark be followed by bite?

Following lengthy debate, the Government has published details of the way in which it will reform the UK competition law landscape. However, with many aspects requiring legislative change, it is as yet unclear when these will be given teeth. Our briefing discusses the key changes to the merger, markets and competition law regimes. We will comment separately on the overhaul of the consumer law regime.

Sustainability and competition law: EU and UK partial 'green' light

With COP 26 still fresh in the memories of lawmakers, and both the European Green Deal and UK Government's 'Net Zero Strategy' setting the goal of being climate-neutral by 2050, it is no surprise that competition law is having to examine its interaction with the environmental, social and governance (ESG) agenda.

UK merger control - 6 key trends for 2022

Since the end of the Brexit transition period on 31 December 2020, the UK's merger control regime was untangled from the EU's one-stop shop, and has therefore operated as a standalone merger control regime in parallel to the EU. 12 months on, we have outlined 6 key trends in UK merger control below, and the impact of those trends for corporate transactions.

CMA Recommendation on Vertical Agreements: divergence from the EU?

On 3 October 2021, the UK Competition & Markets Authority ('CMA') published its recommendation to the Secretary of State for Business, Energy and Industrial Strategy as to whether the existing Vertical Agreements Block Exemption Regulation ('VABER'), both in force in the EU and retained from EU law following Brexit, should be renewed or varied in the UK. The retained VABER will expire on 31 May 2022 so, without a renewal or variation, an automatic exemption regime for vertical agreements would cease to apply in the UK.

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