This overview highlights key legal and practical considerations for parties planning acquisitions or investments with a link to the UK, and emphasises:
- the ability of the UK competition authority (the "CMA") to investigate acquisitions of minority shareholdings;
- the CMA's discretion to investigate transactions (including "foreign-to-foreign" transactions) where the parties' activities overlap in the UK (even if they do not achieve turnover in the UK); and
- the risks arising where a transaction is completed without merger control clearance, and the CMA subsequently decides to investigate.
Read the original article on GowlingWLG.com
Originally published 14 July 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.