Marjorie Holmes

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Connect: Read more about Marjorie Holmes
Firm/Organization: Reed Smith LLP
Blogs: Antitrust and Competition Report, Global Regulatory Enforcement Law Blog, Technology Law Dispatch

Latest Articles

ICAP’s successful appeal against the EU Commission’s €14.96 million fine for facilitating banks in influencing the LIBOR/TIBOR rates is hugely significant and signals a significant set back for the EU competition authority. The case was complicated and unusual from the start, the European Court of Justice clarified the level of detail required in a decision when issuing a fine for a breach of competition law. Nonetheless, the ICAP saga has serious consequences for companies acting…
The recently proposed Sainsbury’s/Asda merger would have combined the second- and third-largest UK supermarkets. The merger would also have created the largest retailer of fuel by volume in the UK. The UK Competition and Markets Authority (CMA) decided to step in and concluded that the prohibition of the merger was the only way to go. Most importantly, however, is the 10-year ban imposed by the CMA on the parties’ attempting a similar deal in the future.…
A commonly held view is that merger control filings are not relevant for minority investments. On Friday, 5 July 2019, the UK Competition and Markets Authority (CMA) announced that it had issued an order to hold separate to Amazon.com Inc and Roofoods Ltd (trading as Deliveroo). We understand that Amazon had made an investment for a minority of shares in Roofoods (though the exact size of Amazon’s stake has not been revealed). The UK has…
This year marks four years since significant statutory reforms regenerated the UK’s collective actions arena. Following a rocky start to this new regime, it appears that 2019 may finally bring some clarity to potential claimants navigating the first hurdle of competition class actions: the Collective Proceedings Order application. In this client alert, our London Competition and Commercial Disputes teams discuss four new important cases, which are the first of their kind, and offer insight…
The EU Commission, the Competition and Markets Authority (CMA) or other sector regulators with competition powers may conduct unannounced onsite inspections of businesses if they suspect a breach of competition law through anti-competitive activity or conduct. These surprise inspections, often dubbed ‘dawn raids’, are employed to gather evidence in relation to suspected cartels. Such raids are often stressful as a company may be heavily fined in relation to its conduct as well as for the conduct of…