Half Day Course
                                                                                            
 Dates                                                                               

  
12 November 2008
12 March 2009
18 June 2009
8 October 2009

 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 is currently being 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
Competition Act 1998
Enterprise Act 2002
EC Modernisation

Roles of Competition Authorities
Office of Fair Trading
Competition Commission and Appeal Tribunal
European Commission
UK sectoral regulators

OFT procedures
What transactions are covered?
Notifications
Investigations and submissions
Reasons for referral to Competition Commission
Undertakings

Competition Commission procedures
Submissions
Basis for decisions
Remedies
Public interest
Appeals
Effect on transaction timetable

European Community Merger Regulation
What transactions are covered?
Procedures
Referrals to/from other Member States
Remedies
Timetable

UK Takeover Code
Standard offer conditions
Impact on timetable
New rules
    • Procedure following clearance
    • Preconditions
    • Competition reference periods

Examples of competition inquiries