Daniel Muheme

Firm/Organization: Covington & Burling LLP

Blogs: Cov Financial Services, Covington Competition, Global Policy Watch

Latest Articles

The European Commission’s guidance on passing-on damages calculation

By Louise Freeman & Daniel Muheme on August 19, 2019

The European Commission (“EC”) has recently published Guidelines for national courts on how to estimate the share of the overcharge caused by cartels which was passed on by direct purchasers to their customers (“Passing-on Guidelines”). The Passing-on Guidelines provide an extensive practical overview of the applicable legal context, the relevant economic theory and quantification methods for the concrete harm caused to claimants in litigation.…

Covington Competition

The European Commission publishes report on EU loan syndication and its impact on competition in credit markets

By Johan Ysewyn & Daniel Muheme on April 29, 2019

On 5 April 2019, the European Commission (“EC”) published a report – prepared by Europe Economics at the request of DG COMP – on EU loan syndication and its impact on competition in credit markets (the “Report”). The Report describes the functioning of the syndicated loan business and seeks to assess whether there are potential competition concerns with regard to syndicated loans in leveraged buy-outs (“LBOs”), project finance (“PF”) and infrastructure projects (“INFRA”). Syndicated loans…

Cov Financial Services

The ACM’s guidance to address competition law concerns for FinTech in the creation of technical standards

By Mike Nonaka, Sophie Bertin & Daniel Muheme on January 3, 2019

Introduction On December 3, 2018, the Dutch Authority for Consumers & Markets (“ACM”) published a speech from its board member, Cateautje Hijmans van den Bergh, regarding potential competition law concerns in the financial technology (“FinTech”) sector. In particular, further to the European Parliament’s study on FinTech and competition law (the “Study”) – as discussed in a previous blog post – Hijmans van den Bergh voiced concerns regarding potential FinTech foreclosure, following the adoption of Technical…

Covington Competition

The ACM’s guidance to address competition law concerns for FinTech in the creation of technical standards

By Mike Nonaka, Sophie Bertin & Daniel Muheme on January 3, 2019

Global Policy Watch

The European Commission finds no illegal State aid was provided by Luxembourg’s non-taxation of McDonald’s

By Johan Ysewyn, Sophie Bertin, Daniel Muheme & Jonathan Benjamin on October 23, 2018

On 19 September 2018, the European Commission (“Commission”) issued a press release declaring that Luxembourg did not provide illegal State aid to McDonald’s with regards to two tax rulings that resulted in double non-taxation of franchise profits in Luxembourg. The Commission’s three-year-long in-depth investigation established that Luxembourg had merely acted in compliance with its national tax laws and that the double non-taxation was the result of a mismatch between Luxembourg and US tax law, as…

Covington Competition

The European Commission finds no illegal State aid was provided by Luxembourg’s non-taxation of McDonald’s

By Johan Ysewyn, Sophie Bertin, Daniel Muheme & Jonathan Benjamin on October 22, 2018

Covington Competition

UK government publishes “no-deal” state aid notice

By Kevin Coates & Daniel Muheme on August 29, 2018

On 23 August 2018, the UK government published a notice, committing the UK to a continued application of state aid rules even in the event of no deal being agreed with the EU on the UK’s withdrawal. The notice explains how EU state aid rules would be transposed into UK domestic legislation. The Competition and Markets Authority will take the role of enforcement and supervision for the whole UK and the rules will…

Covington Competition

European Commission – Annual Activity Report – DG Competition 2017

By Johan Ysewyn & Daniel Muheme on July 24, 2018

Introduction On 11 June 2018, the European Commission (“Commission”) published DG Competition’s 2017 Annual Activity Report (“Report”) to provide an overview of its pursuit of its competition policy objectives and enforcement of EU competition rules in 2017. In its Report, the Commission indicates that it has continued to prioritise competition on the merits and that it has focused interventions in the light of priorities outlined in its Political Guidelines, as well as on promoting…

Daniel Muheme

The European Commission’s guidance on passing-on damages calculation

The European Commission publishes report on EU loan syndication and its impact on competition in credit markets

The ACM’s guidance to address competition law concerns for FinTech in the creation of technical standards

The ACM’s guidance to address competition law concerns for FinTech in the creation of technical standards

The European Commission finds no illegal State aid was provided by Luxembourg’s non-taxation of McDonald’s

The European Commission finds no illegal State aid was provided by Luxembourg’s non-taxation of McDonald’s

UK government publishes “no-deal” state aid notice

European Commission – Annual Activity Report – DG Competition 2017

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