38 results 2022: the big reveal of 2021’s competition law promises 2021 was riddled with sneak previews of a “review of competition policy tools with unprecedented scope and ambition”. Financial Regulatory – Update Q1 2021 Traditionally, 1 January (and 1 July) each year is a date on which new Dutch financial regulations enter into force. This year, the amendments to the Dutch Financial Supervision Act are relatively few, but other developments are worthy of attention. EU Regulator’s response to the Reddit rally A massive stock market rally recently suddenly developed with respect to GameStop’s shares, a moribund chain of video game stores in the United States. The instigators: users of the investment forum r/wallstreetbets on Reddit. ACM’s 2021 enforcement focus: digital, green and COVID-19 The ACM’s list of 2021 focus areas is out. Whereas the digital economy and the energy transition are repeats from last year, the effects of the COVID-19 crisis is a new, although somewhat unsurprising, designated focal point. Game on for gatekeepers: Digital Markets Act finalised Now that political agreement has been reached on the final text, the Digital Markets Act (DMA) will enter into force soon. The DMA’s ex ante rules and obligations will apply next to the ad hoc EU and national competition rules. Nicolas Pradel Senior Associate Luxembourg New competition tool: something old, something new, something borrowed Large online platforms may face more regulatory obligations, whilst non-dominant companies’ unilateral conduct may soon be curbed. Spreading fast: Dutch and Belgian COVID-19 State-aid approved Many Member States are taking measures to support the economy during the COVID-19 crisis. The European Commission’s Temporary Framework enables the rapid approval of certain types of State aid. Stibbe advises Proximus on the sale of its majority stake in Be-Mobile Stibbe advises Belgian-listed company Proximus on the sale of its majority stake in Be-Mobile to Arrive. Stibbe represents Apple Inc. in class action for alleged abuse of dominance Stibbe is acting as Apple's defence counsel in a Dutch class action for alleged abuse of a dominance in relation to the App Store. Report on competition law's digital future: time for (r)evolution? Do we need a revolution in competition rules to keep up with digital developments such as online platforms, data-sharing and 'killer acquisitions', or will a more natural evolution suffice? Commission’s objectives in the digital sector focus on “fairness" On 19 February 2020, the European Commission revealed the first pillars of its strategic and policy objectives in the digital space over the next five years. Stibbe advises Odyssey Acquisition Stibbe advises Odyssey Acquisition on its EUR 1.5 billion business combination With BenevolentAI. Dutch Trade and Industry Appeals Tribunal upholds appeal and confirms fines on taxi companies The Trade and Industry Appeals Tribunal (CBb) recently overturned two judgments of the Rotterdam District Court and confirmed the fines imposed on two taxi firms. Financial sector remains on the antitrust radar: the report on loan syndication is out The European Commission recently published a report it had commissioned to examine the market dynamics and potential antitrust risks related to loan syndication. Double-check your merger info - or face significant fines for inaccuracies Failing to submit complete and accurate information to the European Commission during a merger investigation can have costly consequences. Qualcomm loses General Court battle over request for information The General Court (GC) recently rejected Qualcomm's appeal against a Commission decision requesting information. The Commission's request was presented to the company after the issuance of a statement of objections. European Court of Justice: principle against double jeopardy does not preclude dual fines The European Court of Justice recently confirmed that a national competition authority can impose a single fine on a company for infringements of both national and EU competition law without violating the principle against double jeopardy. Pagination Current page 1 Page 2 Page 3 Next page
2022: the big reveal of 2021’s competition law promises 2021 was riddled with sneak previews of a “review of competition policy tools with unprecedented scope and ambition”.
Financial Regulatory – Update Q1 2021 Traditionally, 1 January (and 1 July) each year is a date on which new Dutch financial regulations enter into force. This year, the amendments to the Dutch Financial Supervision Act are relatively few, but other developments are worthy of attention.
EU Regulator’s response to the Reddit rally A massive stock market rally recently suddenly developed with respect to GameStop’s shares, a moribund chain of video game stores in the United States. The instigators: users of the investment forum r/wallstreetbets on Reddit.
ACM’s 2021 enforcement focus: digital, green and COVID-19 The ACM’s list of 2021 focus areas is out. Whereas the digital economy and the energy transition are repeats from last year, the effects of the COVID-19 crisis is a new, although somewhat unsurprising, designated focal point.
Game on for gatekeepers: Digital Markets Act finalised Now that political agreement has been reached on the final text, the Digital Markets Act (DMA) will enter into force soon. The DMA’s ex ante rules and obligations will apply next to the ad hoc EU and national competition rules.
New competition tool: something old, something new, something borrowed Large online platforms may face more regulatory obligations, whilst non-dominant companies’ unilateral conduct may soon be curbed.
Spreading fast: Dutch and Belgian COVID-19 State-aid approved Many Member States are taking measures to support the economy during the COVID-19 crisis. The European Commission’s Temporary Framework enables the rapid approval of certain types of State aid.
Stibbe advises Proximus on the sale of its majority stake in Be-Mobile Stibbe advises Belgian-listed company Proximus on the sale of its majority stake in Be-Mobile to Arrive.
Stibbe represents Apple Inc. in class action for alleged abuse of dominance Stibbe is acting as Apple's defence counsel in a Dutch class action for alleged abuse of a dominance in relation to the App Store.
Report on competition law's digital future: time for (r)evolution? Do we need a revolution in competition rules to keep up with digital developments such as online platforms, data-sharing and 'killer acquisitions', or will a more natural evolution suffice?
Commission’s objectives in the digital sector focus on “fairness" On 19 February 2020, the European Commission revealed the first pillars of its strategic and policy objectives in the digital space over the next five years.
Stibbe advises Odyssey Acquisition Stibbe advises Odyssey Acquisition on its EUR 1.5 billion business combination With BenevolentAI.
Dutch Trade and Industry Appeals Tribunal upholds appeal and confirms fines on taxi companies The Trade and Industry Appeals Tribunal (CBb) recently overturned two judgments of the Rotterdam District Court and confirmed the fines imposed on two taxi firms.
Financial sector remains on the antitrust radar: the report on loan syndication is out The European Commission recently published a report it had commissioned to examine the market dynamics and potential antitrust risks related to loan syndication.
Double-check your merger info - or face significant fines for inaccuracies Failing to submit complete and accurate information to the European Commission during a merger investigation can have costly consequences.
Qualcomm loses General Court battle over request for information The General Court (GC) recently rejected Qualcomm's appeal against a Commission decision requesting information. The Commission's request was presented to the company after the issuance of a statement of objections.
European Court of Justice: principle against double jeopardy does not preclude dual fines The European Court of Justice recently confirmed that a national competition authority can impose a single fine on a company for infringements of both national and EU competition law without violating the principle against double jeopardy.