On October 6, 2021, an important judgment was handed down by the Court of Justice of the European Union (“CJEU”) on the liability of a subsidiary for the actions of its parent. The Court confirmed (in Case C-882/19) that the
Continue Reading The EU Courts Confirm a Subsidiary Can Be Held Liable for Damages Resulting from An Infringement of EU Competition Law Committed by its Parent Company
Latest from Antitrust & Competition Blog
Webinar Recap – Vertical Agreements in the EU and UK: How to Navigate the New Competition Law Landscape
Last month, we held a webinar to discuss the modernisation of the EU’s distribution block exemption (the ‘VBER’) and of the UK’s own approach to this: the ‘VBEO’). Economic principles increasingly need to be woven into the commercial application of
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Antitrust Update: Developments at the FTC and DOJ
The Biden administration has made promoting competition a top priority, as reflected in President Biden’s July executive order on competition. (For a complete description of the executive order and developments in its implementation, please visit Steptoe’s Executive Order on Competition
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The FTC Inserts More Uncertainty into the HSR Review Process
In a blog post released on August 3, 2021, FTC Bureau of Competition Acting Director, Holly Vedova, announced that, in response to “a tidal wave of merger filings,” the FTC had begun to send standard form letters “alerting companies that
Continue Reading The FTC Inserts More Uncertainty into the HSR Review Process
Biden Administration Calls for Whole-of-Government Approach to More Vigorous Antitrust Enforcement
President Biden’s unprecedented July 9, 2021, Executive Order 14036 represents a potential watershed moment in U.S. competition policy. The wide-ranging Executive Order (EO) includes 72 initiatives that aim to enforce existing antitrust laws and other consumer protection regulations, to be
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Poaching: The Biden Executive Order and Employment Restrictions in Europe
No-poach and wage-fixing agreements – arrangements between companies seeking to prevent or limit the hiring of each other’s employees, or to suppress the wages and/or benefits of their respective current employees are not only currently under the spotlight in the
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The UK Competition and Markets Authority’s Vertical Agreement Proposals – Still Anchored to the EU?
Despite the UK’s withdrawal from the EU, the EU Vertical Agreement Block Exemption Regulation (retained VABER) continues to offer a safe harbor with respect to potentially anti-competitive vertical or supply agreements with an effect on trade within the UK. In
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Antitrust Enforcement in the Biden Administration: What We Know from the First 100 Days
Steptoe’s Antitrust practice hosted a complimentary webinar on antitrust enforcement in the Biden administration. Click here to access the recording.
During the webinar, the team compared and contrasted enforcement priorities and actions from the Trump administration with the positions
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Supreme Court: FTC May Not Seek Restitution Directly in Federal Court
As we predicted in Steptoe’s client webinar last week on “Antitrust Enforcement in the Biden Administration – What We Know from The First 100 Days,” on April 22, 2021 the US Supreme Court put an end to the Federal Trade
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Attack of the Killer Acquisitions
A ‘killer acquisition’ is an acquisition of a potential rival whilst they are still in the early stages of their development, whose turnover is small or zero, in order to eliminate them as a possible source of future competition. Such
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