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Private motor insurance market facing reference to the
Competition Commission
The OFT has provisionally decided to refer the private motor
insurance market to the Competition Commission. The OFT is
concerned that, following a road traffic accident, the at-fault
driver's insurer has little control over repair and vehicle
replacement costs for which it is responsible – and that
insurers of the not-at-fault driver and other parties can take
advantage of this lack of control as an opportunity to generate
revenues, thereby inflating the costs of insurers of at-fault
drivers. Click here.
OFT clears Nottingham newspapers merger
The OFT has cleared the acquisition of The Topper newspaper by
the Daily Mail General Trust. The Daily Mail General Trust
publishes daily paper The Nottingham Post, and proposes to acquire
The Topper, a weekly freesheet publication. The OFT found that,
despite the proposed merger leading to a high combined share of
supply of local newspapers and local paper advertising space in
Nottingham, there was sufficient evidence that other competitive
restraints would protect customers from price increases or
reductions in quality. The OFT considered that the appropriate
frame of reference for an assessment of the transaction was the
supply of local newspapers in the Nottingham area. The OFT did not
consider that online media formed part of the same relevant market
as local newspapers but took into account the constraint from
online and other media in its overall competitive assessment. Click here.
UK
Court of Appeal
The Court of Appeal has granted BAA permission to appeal the
CAT judgment dismissing its appeal against the divestment of
Stansted. Click here.
Competition Commission
The Competition Commission has formally cleared South
Staffordshire Plc's completed acquisition of Cambridge Water
PLC. This confirms the Commission's provisional decision, which
was published last month. Click here.
The Competition Commission has published an issues statement as
part of its investigation into McGill's Bus Services
Limited's (McGill's) completed acquisition of the Arriva
Scotland West local bus business. Click here.
The Competition Commission has accepted final undertakings from
Stericycle, Inc and SRCL Limited in relation to the completed
acquisition of Ecowaste Southwest Limited. Click here.
OFT
The Office of Fair Trading has published the findings of its
consultation into markets in remote communities across the UK. Click here.
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On 20 December 2012, the UK Competition Appeal Tribunal handed down its judgment on Tesco’s appeal against an earlier Office of Fair Trading decision concerning dairy products retail pricing in the UK.
Yesterday, the European Court of Justice (ECJ) handed down its judgment on a preliminary reference from the Danish Supreme Court regarding the rules on selective discounts and below-cost selling under the competition law prohibition of the abuse of a dominant market position.
The General Court of the European Union handed down judgment upholding the decision by the European Commission in 2007 that the member bank delegates of MasterCard had collectively set cross border fall back multilateral interchange fees.
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