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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 | July 2020
On May 28, 2020, Flex Ltd (Flex), a Singapore-based electronics manufacturer listed on the NASDAQ, disclosed in its 2020 US Securities and Exchange Commission (SEC) filing that it had initiated a voluntary self-disclosure to the US Office of Foreign Assets Control (OFAC) on February 14, 2019. The initial disclosure related to possible non-compliance with US sanctions by certain non-US companies affiliated with Flex. According to the SEC filing, an internal investigation is ongoing and Flex expects to complete the investigation and final disclosure to OFAC by the end of its second quarter of its fiscal year 2021.
We set out in our recent blog post some key messages, which may help you navigate complex issues of sanctions law.
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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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