The UK Competition Appeal Tribunal announced Wednesday that the Competition Commission did not adequately consider whether it has jurisdiction over France-based ferry company Eurotunnel’s acquisition of SeaFrance assets.
Reports say the Tribunal will now require the Commission to review its decision to force Eurotunnel to stop operating at one port and divest assets.
The Commission first ruled last June that Eurotunnel must stop operations at the Port of Dover and sell ferries, a decision later appealed by Eurotunnel.
Reports say the Tribunal found that the Commission “has not properly considered whether it has legal jurisdiction to consider the transaction, ie. As a transfer of assets or an enterprise.”
Full Content: Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI