Vodafone and Melita call off merger 12.12.17
Melita and Vodafone have called off plans for a merger, saying that they were unable to meet the conditions stipulated by the competition authority.
The merger intention was first announced in May 2017, when the Vodafone Group Plc, Apax Partners Midmarket SAS and Fortino Capital said they wanted to create a fully integrated communications company in Malta.
However, the merger was immediately criticised by competitor GO and raised the ire of various consumers who said that it would restrict competition. The proposed deal would have seen the number of mobile telecom-network owners in Malta reduced to two from three.
RBB Economics advised GO who was a third party in the merger review. To read the full article click here
13 of RBB Economics’ experts recognised as thought leaders in competition economics in new publication 11.12.17
The recently published Who’s Who Legal: Thought Leaders – Competition 2018 features competition lawyers and economists who are considered by peers, corporate counsel and other market sources to be “among the very best in the world in their field, without exception”. RBB Economics accounts for 13 of the 73 economists listed worldwide, and 13 out of the 54 economists listed which are based in Europe. The RBB economists listed are Simon Bishop, Benoit Durand, Andrea Lofaro, Francesco Rosati and Jan Peter van der Veer in Brussels, Bojana Ignjatovic, Adrian Majumdar, Derek Ridyard, Patrick Smith and Iestyn Williams in England, Matthijs Visser in the Netherlands and Petter Berg and Niklas Strand in Sweden.
The publication and full list of Thought Leaders can be found [here]
ACCC Chairman speaks at RBB’s Annual Sydney Conference 11.12.17
Rod Sims, Chairman of the Australian Competition and Consumer Commission, again delivered the Keynote address at RBB’s Annual Sydney Conference on 30 November this year and outlined how the recently legislated changes to the Competition and Consumer Act 2010 (CCA), especially s46, help the ACCC protect the competitive process by allowing firms, big and small, to compete on their merits. Luke Woodward Gilbert + Tobin spoke alongside Rod about the new era in competition law in Australia. Other speakers included Tanya Dunne from the ACCC, Mary-Anne Borrowdale from the New Zealand Commerce Commission, Andrew Christopher from Webb Henderson, Kirsten Webb from Clayton Utz, Peter Armitage from Ashurst, Iain Little from Telstra and Dr Martin Joy from ANZ Bank. RBB’s Derek Ridyard and George Siolis also spoke at the conference.
RBB’s comments to electricity inquiry released 07.12.17
On 4 December the Australian Competition and Consumer Commission (ACCC) released the submissions made in response to its Preliminary Report into the supply of retail electricity and the competitiveness of retail electricity prices in Australia.
RBB provided a submission to the ACCC and argued that the ACCC has not established that the high electricity prices across Australia are the result of insufficient competition in either the wholesale or retail electricity markets and that the findings set out in the report did not support the heavy-handed solutions that the ACCC has flagged as the likely measures to help ease the pressures on electricity prices for households and businesses in Australia.
RBB’s submission can be found [here].
Maersk Line acquisition of Hamburg Süd cleared 07.12.17
Maersk Line closed the acquisition of container shipping line Hamburg Süd on 30 November 2017 (https://www.maerskline.com/news/2017/11/30/ml-final-regulatory-approval-hamburg-sud). The acquisition required regulatory (merger control) clearances in 23 jurisdictions, including the European Union, the United States, China, Brazil and South-Korea.
RBB advised Maersk Line alongside law firm Freshfields and local counsel in all 23 jurisdictions.