Jurisdiction(s):
United Kingdom

UK competition update (26 March 2024): CMA clears Venus Topco/Atlanta Investment Holdings 3 merger; extends TV production freelance labour investigation to October 2024; CAT notes withdrawal of Squibb appeal

Published on: 26 March 2024

Published by a LexisNexis Competition expert

Legal News

Article summary

Mergers

The CMA approved the expected takeover of Atlanta Investment Holdings 3 Limited by Venus Topco Limited following a phase 1 review—see further, case page

NOTE—For all live mergers before the CMA, see further, UK mergers—ongoing cases tracker

Antitrust

The CMA has revised its timetable for its probe into suspected competition law infringements in the procurement of freelance services and the hiring of staff who support the production, creation and/or broadcast of television content in the UK, excluding sport.
The authority indicates it will undertake additional investigatory steps and review the evidence until October 2024—see further, case page
The CAT issued an order (dated 15 March 2024) in Squibb Group Limited v CMA, an appeal against the CMA’s 23 March 2023 decision in Supply of construction services, which sought to have the decision quashed or partly annulled with a reduced penalty. The CAT’s order permits the withdrawal of the appeal—see further, order

NOTE—For all live behavioural investigations before the CMA, see further, UK behavioural investigations—ongoing cases tracker

NOTE—For all live competition appeals before the CAT, see further, UK competition appeals—ongoing cases tracker

Upcoming dates

For dates of forthcoming UK competition developments, see further, UK Competition calendar...

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