European Commission fines Canon €28m for failure to properly notify a merger

The European Commission has fined Canon €28 million after finding that it had partially implemented an acquisition of Toshiba Medical Systems Corporation (“TMSC”) before merger control notification. The EU operates a compulsory notification system, meaning parties must notify the European Commission of plans to merge before the transaction is completed. In this scenario, TMSC had…

Food industry seeks competition law waiver for no-deal Brexit

The UK food industry has requested that it be granted a waiver from certain provisions of competition law in the event of a no-deal Brexit. Producers and distributors, including major supermarkets, are reported to have “repeatedly” asked the Government for a reprieve from rules which prevent collaborating on supply or pricing plans, in order to…