Under EU law, mergers satisfying the jurisdictional and turnover tests must be notified to the European Commission.
Under UK law, it is not necessary to seek prior clearance for a merger meeting the turnover or market share test, but the purchaser runs the risk of the merger being referred to the Competition Commission for full investigation or an order being made requiring it to divest parts of the business where the competition authorities consider there would be a substantial lessening of competition.
Our specialist competition and antitrust solicitors advise clients on all competition law implications of acquisitions and disposals, obtaining of clearances and so on. We advise clients on their due diligence processes so that agreements which are being taken over which may be in breach of competition laws can be dealt with accordingly. On a disposal we advise clients on the giving of competition law warranties.
Competition solicitors
To arrange a discussion with a competition solicitor click here or call us on 0800 840 4929.
