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The Competition and Markets Authority (CMA) is the principal competition regulator in the United Kingdom. It is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-competitive activities.
The CMA conducts both the initial Phase 1 examination of mergers and the more detailed Phase 2 investigation and final determination. Certain CMA decisions can be appealed to the Competition Appeal Tribunal (CAT). [2] UK merger control is governed by the Enterprise Act 2002, as amended by the Enterprise and Regulatory Reform Act 2013 (ERRA).
It established a UK Green Investment Bank (part 1), reformed several aspects of employment law (part 2), cut regulation (part 5) and addressed a range of other regulatory issues. The act also strengthened the regulatory settlement on mergers and anti-competitive behaviour (parts 3 and 4).
Under the Fair Trading Act 1973 the Commission became, from 1 November 1973, the Monopolies and Mergers Commission, with wider powers to deal with references either from the Office of Fair Trading or from the Department of Trade and Industry. On 1 April 1999, as a result of the Competition Act 1998, it became the Competition Commission. [3] [4]
One drink is defined as 1.5 ounces of liquor, 12 ounces of beer or 5 ounces of wine. Taub-Dix points out that alcoholic cocktails are often made with ingredients like mixers, syrups and juice drinks.
The effect of Brexit on merger control is unclear considering the uncertainty behind Brexit said Andrea Coscelli, the acting chief of the Competition and Markets Authority (CMA). British experts from White & Case LLP and Richard Ecclyes have argued that, beyond control over domestic affairs, there will be a considerable increase in the amount ...
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, business organizations, or their operating units are transferred to or consolidated with another company or business organization. This could happen through direct absorption, a merger, a tender offer or a hostile takeover. [1]
The Competition Appeal Tribunal (CAT) of the United Kingdom was created by Section 12 and Schedule 2 to the Enterprise Act 2002 which came into force on 1 April 2003. . The Competition Service is an executive non-departmental public body which was created as a support body for the Competition Appeal Tribu