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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.
United Kingdom | Publication | March 2024
The Authorised Surplus Payments Charge (Variation of Rate) Order 2024 was laid before Parliament on March 11, 2024, and will amend the authorised surplus payments charge rate from 35 per cent to 25 per cent with effect from April 6, 2024.
The 2023 Autumn Statement also included wider proposals concerning the distribution of DB surpluses and the establishment of a public DB scheme consolidator, following which a consultation paper on Options for DB Schemes was published in February 2024.
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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.
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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.
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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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