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Global merger control—May 2025: gun-jumping penalties (Israel, Spain); Australia/Brazil FAQs; EU guidelines review; India overhaul; Thailand reforms; UK press merger foreign state regime

Practice notes
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This month has not brought any material global merger control developments. Nonetheless, a few updates are worth flagging in Australia, Brazil, the EU, India, Thailand and the UK.

Gun-jumping and other merger control breaches—fines issued around the world in recent weeks

In recent weeks, competition authorities worldwide have announced penalties for gun-jumping/failure to notify and other breaches of merger control rules, namely:

  • Israel: Bank Hapoalim and Israel Discount Bank were each fined ILS 40m for not notifying their acquisitions of minority stakes in Neema Shefa Israel Ltd. Bank Hapoalim purchased 20% of Neema Shefa Israel Ltd’s share capital and Israel Discount Bank around 17.5%. This is the first instance of companies being fined for holding a minority interest in a competitor without a permit from the director-general of the Israeli Competition Authority.
  • Spain: Mémora was fined EUR 108,000 for failing to comply with commitments linked to its 2021 acquisition of Rekalde and Irache.

For information on publicised penalties imposed worldwide for breaches of merger control rules since 2014, see: MJ merger infringement penalties—database.

Other developments to note

  • Australia
...
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