European Commission issues statement of objections to AB InBev in relation to preventing parallel imports
The European Commission has sent a statement of objections to AB InBev, setting out its preliminary view that the company has abused its dominant position on the Belgian beer market, by hindering cheaper imports of its Jupiler and Leffe beers from the Netherlands and France into Belgium. Click here.
FCA issues first statement of objections to four asset management firms for information exchange
The Financial Conduct Authority (FCA) has issued a statement of objections to four asset management firms: Artemis Investment Management LLP, Hargreave Hale Ltd, Newton Investment Management Limited and River & Mercantile Asset Management LLP. The FCA alleges that the four firms shared information by disclosing the price they intended to pay, or accepting such information, or both, in relation to one or more of two Initial Public Offerings (IPOs) and one placing, shortly before the share prices were set. Click here.
- The CMA has published a notice of a £20,000 penalty imposed on Hungryhouse under section 110 of the Enterprise Act 2002 for a failure to comply with an information request. Click here.
- The High Court has dismissed an action for damages brought by Sainsbury's against Visa for breach of Article 101(1) of the TFEU and/or the Chapter I prohibition of the Competition Act 1998 in relation to its UK multilateral interchange fees (MIFs). The court found that Visa's UK MIFs do not restrict competition. Click here.