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FTSE 350 companies may be forced to have part of their audit work done by a non-Big Four firm, and to put their audit work out to tender on a regular ...
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CAMBRIDGE, Mass. and LONDON, Aug. 10 /PRNewswire/ -- Zipcar, Inc., the world's largest car sharing service, announced today that the U.K.'s Office of Fair Trading had decided to refer the company's acquisition of Streetcar to the Competition Commission for additional scrutiny.
Naturally, we're disappointed by the decision of the OFT, which imposes a delay on a transaction from which consumers and the environment stand to benefit enormously," said Scott Griffith, Chairman and CEO of Zipcar. "We intend to cooperate fully with the Competition Commission and we are confident that once a more detailed review is undertaken, the Commission will conclude that the acquisition does not give rise to a substantial lessening of competition. We will maintain our service levels and car availability a...
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This article first appeared in JusLetter
In its decision of 21 April 2010, the Swiss Competition Commission prohibited the planned merger between Su...
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Before the existing Law on the Protection of Competition entered into force at the end of 2009, Serbian competition law had a serious flaw: the Compet...
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LONDON -- News Corporation welcomes the announcement by the Secretary of State for Culture, Olympics, Media and Sport that he is minded to accept, and...
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In its market study published on 8 December, the OFT set out a number of areas in which it finds that competition in the market may not be as effectiv...
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Microsoft v. Commission indicates a shift in competition policy at the expense of protections for intellectual property. The case applies "essential facilities" arguments to Microsoft's server operating system and "tying" arguments to its Windows Media Player. The dynamic effects of Microsoft v. Commission pose a substantial risk to the incentive to innovate in several ways. First, mandatory licensing and unbundling of the elements of an invention erode intellectual property rights. Second, the targeting of multinational corporations by the European Union creates barriers to international trade whose impacts extend across the global economy. Third, the interpretation of "abuse of a dominant position" focuses on market outcomes rather than on anticompetitive conduct, thus penalizing succ...
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In potentially the final chapter of this long running saga, on 16 September BAA filed an appeal with the Competition Appeal Tribunal (CAT) against the...
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The Competition Commission (CC) has provisionally cleared the completed acquisition by sports retailer, Sports Direct International plc (Sports Direct...
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Combination of BATS Europe and Chi-X Europe Represents 25% of Pan-European Equities Trading Volume
LONDON & KANSAS CITY, Mo. -- BATS Global Markets ...