Antitrust

Historic Lawsuit Against Facebook Sees Algorithm Cancelled

Historic Lawsuit Against Facebook Sees Algorithm Cancelled 1

An historic lawsuit against Meta Platforms, (formerly Facebook) has seen the US Attorney secure an algorithmic alteration based on discriminatory advertising that violated the US Fair Housing Act, as a result of discrimination based on users based on their race, color, religion, sex, disability, familial status, and national origin. The US Attorney press release is …

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Criminal Antitrust Enforcement Has a New Leader

anti trust trends 2015

Skadden.com –  Richard A. Powers recently was named the U.S. Department of Justice Antitrust Division’s acting deputy assistant attorney general for criminal enforcement, a role he is expected to take on permanently. Because he is a career attorney and not a political appointee, Powers could stay in the role for an extended period of time …

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Theresa May Sets Out ‘Five Tests’ To Test Brexit Deal

Theresa May Sets Out 'Five Tests' To Test Brexit Deal 2

Pillsbury – The Prime Minister has given the clearest indication yet of what the UK will seek in the Brexit negotiations. Access to each side’s markets is going to be less than it is today. The UK will leave the single market and things are going to be different in the future, but the UK …

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China to Consolidate Antitrust Powers in Single Agency

China to Consolidate Antitrust Powers in Single Agency 4

Davis Polk – After a decade of enforcing different aspects of its antitrust laws through three separate bodies, China is expected to consolidate antitrust authority into a single agency as part of a broader reorganization of government ministries. The move could have significant repercussions for private parties, following long-standing reports of concerns about staffing shortages …

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SEC Announces Self-Reporting Initiative for Rule 12b-1 Fee Disclosures

SEC Announces Self-Reporting Initiative for Rule 12b-1 Fee Disclosures 6

Davis Polk – Enforcement Division “Share Class Selection Disclosure Initiative” offers “favorable” settlement terms to advisers who self-report potential violations concerning Rule 12b-1 fees. Over the past several years, the Commission’s Office of Compliance Inspections and Examinations has placed an enhanced focus on identifying situations in which an adviser does not adequately disclose that it …

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Politicisation and the Digital Economy dominate global antitrust landscape

digital media law

Clifford Chance – Thomas Vinje Clifford Chance has published its fifth edition of its Global Antitrust Trends report bringing its unique mix of legal, economic and regulatory expertise to identify themes impacting domestic and international businesses. Antitrust challenges are growing across the world. Over 130 jurisdictions now have antitrust laws, and that number continues to …

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The Red Tape Cost of Brexit

The Red Tape Cost of Brexit 8

Clifford Chance – Research carried out by Clifford Chance and Oliver Wyman indicates that Brexit tariff and non-tariff barriers are expected to cost UK firms around £27 billion and EU exporters £31 billion. The automotive sector will be hardest hit in the EU27, while in the UK, financial services will incur the highest extra “red …

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Electrolux Deal Abandoned after Opposition from US Anti-trust Authorities

Electrolux Deal Abandoned after Opposition from US Anti-trust Authorities 10

CMS Legal – General Electric (GE) has walked away from the $3.3bn sale of its home appliances arm to Stockholm-based Electrolux following opposition from the Department of Justice. The deal, which was announced last year, would have combined two of the three leading suppliers of home appliances in the US, leaving Electrolux and Whirlpool as …

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Amendments made to the EU antitrust procedural rules to better reflect EU Damages Directive

Baker & McKenzie – By Rachel Cuff, Baker & McKenzie What and when? The Commission has adopted amendments to a number of its key procedural rules in order to bring them into line with the EU Directive on Damages Actions, which was adopted in 2014 and must be incorporated into the national law of EU …

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AntiTrust Trends in 2015

anti trust trends 2015

Clifford Chance – Our second annual review of global antitrust trends is now available. This year, we have picked ten themes that reflect the most prominent antitrust risks faced by businesses around the world in 2015, and the most effective strategies for minimising those risks. To request a copy of the report, please contact Nikki …

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