A no-deal Brexit would have significant and immediate effects on UK competition law enforcement:
- Parallel investigation of mergers, cartels, and dominance cases by the UK Competition and Markets Authority (“CMA”) and European Commission (“EC”);
- Possible delay to transactions notified to the EC but not cleared by Brexit day;
- A significant increase in the CMA’s caseload, stretching its resources;
- New challenges for claimants bringing EU follow-on damages cases in the UK courts.
If the UK leaves the EU on 31 October 2019 without a withdrawal agreement, it will affect how UK and EU competition law applies to businesses with UK activities.… Read more