NOCON has been appointed as monitoring trustee in the CMA merger investigation of the completed acquisition of Footasylum by JD Sports. NOCON will be tasked with monitoring compliance with the CMA’s interim measures and assisting the CMA with the consideration of derogation requests.
On 26 June 2019, the Austrian competition authority and the Federal Cartel Prosecutor cleared the acquisition of certain assets of DHL Paket (Austria) by Österreichische Post subject to behavioural remedies. Österreichische Post is obliged to offer third party logistic companies specific services and must not discriminate any third party without justification for a period of [...]
Join us for a webinar on Sep 18, 2019 at 11:00 AM BST. Following a number of cases where the CMA issued penalty notices and unwinding orders, the CMA has recently published an updated guidance document on interim measures in merger investigations. This webinar provides you with an overview of the CMA’s recent enforcement action [...]
Daimler and BMW intend to establish six joint ventures, bringing together the two companies' mobility services in various business fields including free-floating car sharing services. The European Commission found that the proposed transaction would raise competition concerns for car sharing in six cities, namely Berlin, Cologne, Düsseldorf, Hamburg, Munich and Vienna. To address the European [...]
NOCON has been appointed as monitoring trustee for the Competition and Markets Authority (CMA) in a completed merger case. The CMA issued interim measures requiring the merger parties to keep both businesses separate. It is NOCON's task to monitor compliance with these interim measures.
On 21st March 2018, the Bundeskartellamt cleared the acquisition of CIT Rail Holdings (Europe) S.A.S. by VTG Rail Assets GmbH subject to a condition precedent. VTG and CIT are active Europe-wide in the lease of rail freight wagons. The companies may only implement the merger once they have sold a substantial part of the target [...]
Monitoring trustee boutique NOCON has expanded its pool of sector experts. When monitoring compliance with remedies for competition authorities, NOCON regularly includes specialists in its trustee teams to advise on industry-specific issues. Recently, the following sector experts have joined NOCON’s pool of specialist advisers: Benedict Braus, financial services expert, independent consultant in the financial [...]
Divestment remedies are a common tool for competition authorities to eliminate competition concerns. Recently, there have been several cases where the divestment was mostly limited to key personnel without any other significant tangible or intangible assets. The transfer of personnel poses particular implementation risks as employees cannot be acquired like assets but are free to [...]
The CMA uses remedies to resolve competition concerns in merger proceedings. Successful remedy packages need to address the competition problem and be capable of effective implementation. A good understanding of the process and the key risks are important to manage the process successfully. This webinar provides an overview of the CMA’s remedies process and discusses [...]
On 9 March, the merger between ProSiebenSat.1Puls 4/ATV was cleared in phase 1 subject to conditions. The conditions include various obligations to maintain media plurality, including the commitment to maintain independent editorial staff at ATV and a minimum level of news and self-produced Austrian content. NOCON will support the merger parties with the implementation of [...]