Competition Issues in UK Mergers & Acquisitions

Course Overview

In the last few years, UK competition regulation has evolved following implementation of the Enterprise Act 2002 and changes to European competition law.

In addition, the Takeover Code has been updated on competition issues. This course covers the current competition regime, which applies to companies doing transactions in the UK, and looks at the procedures of the OFT, the Competition Commission and also the European Commission.

Course Content

Legal framework

• Enterprise Act 2002
• European Community Merger Regulation

Roles of Competition Authorities

• Office of Fair Trading
• Competition Commission and Appeal Tribunal
• UK sectoral regulators

OFT procedures

• What transactions are covered?
• Notifications
• Investigations and submissions
• Reasons for referral to Competition Commission
• Undertakings
• ABI Health appeal

Competition Commission procedures

• Investigations
• Cases
• Basis for decisions
• Remedies and reports
• BSkyB appeal
• Effect on transaction timetable

European Community Merger Regulation

• What transactions are covered?
• Procedures
• Basis for decisions
• Remedies
• Timetable
• National competition authorities

UK Takeover Code aspects

• Standard offer conditions
• Impact on timetable
• New rules

Delivering this course in-house for you to a number of participants could be very cost effective. Please call us on 020 7387 4484 to discuss this further.

If you have any questions about this seminar please write to us at post@redcliffetraining.co.uk.