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The conclusion of a three-year investigation into price collusion in an initial public offering (‘IPO’) saw the FCA issue a decision, on 21 February 2019, which finds three investment firms (the ‘Firms’) to have breached competition law with fines of £414,900 have been imposed as a result. This is the FCA’s first formal decision under its competition enforcement powers.…
The Belgian Competition Authority (BCA) has closed the ongoing investigation into the international governing body of equestrian sports, Fédération Equestre Internationale (FEI). The investigation was instigated after the competition prosecutor general at the BCA received complaints in 2015. In 2015, the Global Champions League (GCL) accused the FEI of imposing “exclusivity clauses” that prevented riders from competing in events not approved by the FEI and filed a complaint with the BCA. The GCL believed that…
What’s New? On 5 September 2018, the EU Commission commenced proceedings to adopt an Adequacy Decision in relation to Japan’s protection of personal data by issuing a draft ‘Commission Implementing Decision’. This is an important step towards the culmination of discussions between the EU and Japan that were initiated in January 2017, with the aim of permitting the free flow of personal data between the parties. These discussions were part of the broader free trade…
Currently sitting last in the Premier League table with no points to their name, West Ham have had a tough start to the season. Their struggles have been just as obvious off the pitch as the club continues its legal dispute with the landlord of their home ground, the London Stadium. London Legacy Development Corporation has refused to reinstate the club’s honours board due to unpaid bills. Further, the club is in dispute with…