Jurisdiction(s):
United Kingdom

Key definition

Specialty definition

What does Specialty mean? In legal practice, a speciality is an obligation set out in, and executed as, a deed (historically an instrument under seal). It commonly arises in covenants in leases, mortgage deeds, deeds of guarantee or indemnity, bonds and debentures. Consideration is not required for a deed, and an “action upon a speciality” carries a longer limitation period than a simple contract. In England and Wales and Northern Ireland, limitation legislation uses the term speciality, and case law treats obligations contained in a deed as specialties: the usual limitation period to sue on a speciality is 12 years (for example, to enforce a...

EU merger control: Aperam’s proposed acquisition of VDM Metals (M.8907)—Phase II; Commission objections; notification withdrawn (21 December 2018)

Published by a LexisNexis Competition expert

Practice notes

CASE HUB ARCHIVED –this archived case hub reflects the position at the date of the withdrawal of the notification on 21 December 2018; it is no longer maintained. See further: timeline.

Case facts

Outline of the European Commission’s merger probe into Aperam’s planned purchase of VDM (Case M.8907). The deal raised horizontal overlap issues in the manufacture of nickel alloy products.

Latest developments

On 21 December 2018, Aperam announced it had ended the SPA with Lindsay Goldberg to acquire VDM and, in light of the Commission’s objections, dropped the transaction. The notification to the Commission was withdrawn on the same date.

Parties

Aperam (Luxembourg) produces stainless, electrical and speciality steel, serving customers in over 40 countries and operating across a broad range of industries...

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Web page updated on 21/05/2026

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