The UK Competition and Markets Authority (“CMA”) has issued Meta (Facebook’s parent company) with a £1.5 million fine for failure to comply with an Interim Enforcement Order (“IEO”) imposed under the CMA’s investigation of the company’s acquisition of Giphy. The fine follows an earlier fine of £50.5 million imposed by the regulator in October 2021.…
On 28 January 2022, the final version of the international data transfer agreement (“IDTA”) and the international data transfer addendum to the European Commission’s standard contractual clauses (“SCCs“) for international data transfers has been laid before the UK Parliament. This follows the ICO’s public consultation which was launched in August 2021. If there are no…
On 27 January 2022, the UK Competition and Markets Authority (“CMA”) officially launched a market study into the music and streaming market, publishing a Market Study Notice along with a Statement of Scope (“Statement”). The Statement outlines the areas the CMA intends to investigate to determine whether competition is working as it should in the…
It has been announced that a group of large German publishers and advertisers have filed a formal complaint with the European Commission against Google’s “Privacy Sandbox” proposals. The Privacy Sandbox is the name given by Google to a group of proposed browser changes to the Chrome browser and Blink/Chromium browser engine. The proposals include blocking…
Ronnie Preiskel, Daniel Preiskel, Karthyaeni Vittala and D A T Green have written the Technology M&A 2022 Chapter for Chambers Global Practice Guides. The chapter covers key market trends, early-stage and venture capital financing, liquidity events, spin-offs, acquisitions of public technology companies and business critical regulatory requirements. Download the team’s chapter here. Please contact Preiskel &…
The National Security and Investment Act 2021 entered into force on 4 January, introducing a new investment screening regime in the UK to address national security concerns. You can find out key information about the new regime by reading our short briefing here. Please contact Tim Cowen if you have any questions or would like…
UK leads European fintech space with investments growing over 217% to $11.6bn in 2021, according to figures from Innovate Finance, the UK fintech industry body. The UK brought almost half of the total investments across Europe, which overall saw $24.3bn of investments. London continued to lead with $9.2bn of total investment. Additionally, the UK had…
On 14 December 2021, the CMA published an interim report in its Mobile Ecosystems Market Study. The market study looks at how the mobile ecosystem market is functioning, in particular in relation to Apple and Google’s mobile operating systems. The report sets out the CMA’s interim findings. We set out below some commentary on the…
The Preiskel & Co team was honoured to write the Chambers & Partners Telecommunications Article in the Chambers UK 2022 guide.
The piece can be read here.
Please contact the lead author and Preiskel & Co Senior Partner, Danny Preiskel, with questions.
On 30 November 2021 the UK Competition and Markets Authority (CMA) ordered Facebook’s owner, Meta, to divest Giphy, a gif website. The purchase of Giphy was completed on 15 May 2020. The CMA issued an interim enforcement order on 9 June 2020, preventing the parties from further integrating their businesses pending investigation. A merger inquiry…
