Global Competition Law is primarly a practitioner's guide presenting the most salient aspects of the major competition laws country by country, giving an overview of their structure and most charasteristic elements.
Global Competition Law also provides insight into possible future developments in the field.

Global Competition Law

The Enterprise and Regulatory Reform Act passed on 25 April 2013 merged the Competition Commission and the Office of Fair Trading as regards its competition functions into a single competition body, the Competition and Markets Authority (CMA). The CMA, officially established in October 2013, has been fully functional since April 2014. The CMA is composed of a chair, a Board and a Panel of independ …

The CMA

The Enterprise and Regulatory Reform Act passed on 25 April 2013 merged the Competition Commission and the Office of Fair Trading as regards its competition functions into a single competition body, the Competition and Markets Authority (CMA). The CMA, officially established in October 2013, has been fully functional since April 2014. The CMA is composed of a chair, a Board and a Panel of independent experts.

The Board has taken over the functions previously handled by the OFT. It is therefore in charge of obtaining and reviewing information relating to merger situations on behalf of the Crown. It also has a duty to refer any relevant merger situations to the Panel (previously the Competition Commission) for further investigation. The Board also refers public interest mergers to the SoS.

The Panel replaces the Competition Commission and investigates mergers referred to it by the Board and occasionally by the SoS to determine whether the merger situation qualifies for investigation. The Panel has no authority to investigate a merger unless it has been asked to do so by the Board or the SoS (for further information on the CMA's jurisdiction to review mergers under the Act, refer to Mergers: Guidance on the CMA’s jurisdiction and procedure, CMA2, January 2014).

The head of the Department of Business, Energy and Industrial Strategy has retained a role in merger decisions for certain newspaper mergers and certain public interest cases. Public interest grounds, justifying the SoS' intervention include national security, media plurality, the stability of the UK financial system and, since a 22 June 2020 amendment to the Enterprise Act 2002. "the need to maintain in the United Kingdom the capability to combat, and to mitigate the effects of, public health emergencies”. The SoS may also modify certain provisions of the Act, including those relating to jurisdictional thresholds and merger fee amounts.

Global Competition Law

1416. The CMA

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Les notions juridiques connexes

1416. The CMA

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Les notions juridiques connexes

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise