On 10 May 2022, the European Commission adopted new EU competition rules for vertical distribution agreements that entered into force on 1 June 2022, bringing important amendments to the current rules by partly narrowing the safe harbour but also allowing for more flexibility. Distribution agreements that are already in force on 31 May 2022 benefit from a one-year transitional period.
Michael Hofmann is an associate in the Antitrust and Competition Practice Group in the firm's Brussels office.
On 29 March 2017, the same day that United Kingdom has officially launched the Brexit process, the European Commission (Commission) blocked the proposed 29 billion Euro merger between Deutsche Börse AG (DBAG) and London Stock Exchange Group (LSEG) under the EU Merger Regulation; however, the Commission decision (M.7995) has not been published yet. DBAG and LSEG are the two largest stock exchange operators and own the stock exchanges of Germany, Italy and the United Kingdom, as well as several of the largest European clearing houses. In August 2016, the parties filed a merger notification to the Commission with discussions starting as early as February 2016. Since 2000, DBAG and LSEG have tried to merge three times hoping to create a heavyweight in the European stock market. DBAG had previously already been blocked to merge with NYSE Euronext in 2012.
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