On July 13, 2023, the Court of Justice delivered its much anticipated judgment in Commission v. CK Telecoms,[1] setting aside the General Court’s landmark judgment that annulled the Commission’s 2016 prohibition of the proposed 4-to-3 merger between Telefónica Europe Plc (“O2”) and Hutchinson 3G UK Investments Limited (“Three”), the second and fourth largest mobile network operators in the UK, that would have created a new market leader with a combined share above 40%.[2]
On July 12, 2023, the Commission approved Broadcom’s proposed €55 billion acquisition of VMware after a Phase II review ruling out most of its initial concerns.[1] The Commission’s decision is subject to technology access and interoperability remedies.
On June 9, 2023, following an in-depth investigation, the Commission approved Vivendi’s acquisition of Lagardère (the “Transaction”), subject to divestment conditions.[1]
On June 29, 2023, the French Competition Authority (“FCA”) published its Opinion on competition in the cloud sector following a sector inquiry.[1] The Opinion examines various practices currently implemented or likely to be deployed in this sector which have the potential to restrict competition. The Opinion provides a blueprint for future investigations, setting out the theories of harm that the FCA may put forward in the context of abuse of dominance, abuse of economic dependency, anticompetitive agreements or merger control cases.
In the latest episode of Antitrust Review, host Nick Levy, co-head of Cleary Gottlieb’s award-winning antitrust practice, is joined by
On 27 April 2023, the European Commission (the “Commission”) proposed a new regulation on the licensing of standard essential patents (the “Proposal”).[1] The objective of the Proposal is to facilitate standard essential patent (“SEP”) licensing negotiations by providing clarity on several aspects: transparency as to who owns SEPs and which SEPs are essential; transparency on fair, reasonable and non-discriminatory (“FRAND”) terms and conditions; and dispute resolution for the determination of FRAND terms.[2]
On May 26, 2023, the first reading of the Government’s amendment to the draft of the Competition Enforcement Act dated April 5, 2023 (“Government Draft 11th Amendment”) was held in Parliament. The Competition Enforcement Act will amend the German Act Against Restraints of Competition (“ARC”) for the 11th time.[1] The Government has proposed further changes to the Federal Ministry for Economic Affairs and Climate Action’s draft published in September 2022 (“Draft 11th Amendment”).[2] This blog post outlines the changes proposed by the government to the Draft 11th Amendment, following on from an earlier blog post on the Draft 11th Amendment (available here).
The explosion in the development of generative AI has been referred to as an “Oppenheimer” moment. Just last week, a group of more than 350 executives and scientists jointly stated that “[m]itigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.” And more than 1,000 tech leaders have called for a moratorium on AI development until regulations governing its safe use are devised.