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Let's talk antitrust: Discussing recent cases and emerging competition issues
Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Global | Publication | April 2018
The increasing divergence between the law in England and that in Wales is easy to overlook but worth having on the radar.
On the planning front, the Planning (Wales) Act 2015 made changes to planning law as it applies to Wales, with further changes afoot.
Two significant pieces of legislation passed by the National Assembly for Wales relate to residential tenancy law and regulation:
More recently, the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 introduced a new land transaction tax (LTT) that replaced SDLT in Wales at the beginning of this month. LTT is collected by a new Welsh Revenue Authority (WRA).
LTT has a similar basic structure to SDLT and preserves key features such as a marginal tax rate structure, so that the relevant tax rate only applies to the proportion of the property value that falls within a particular band. However there are numerous differences and not just to the tax rates themselves.
One thing is certain – these divergences are just the start ...
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Recent cases and judgments have shone a light on some emerging themes and trends that companies will want to consider as part of their risk management framework.
Publication
After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions.
Publication
On 18 September 2023, the CMA published its Initial Report (Initial Report) on AI Foundation Models (FM), supplemented in April 2024 with the publication of its “Update Paper” focused on potential antitrust risks associated with FMs and a “Technical Update Report” providing more detail on the development on FMs (collectively the “Reports”). Below, we consider these CMA publications.
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