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UK: Eurotunnel in limbo as CC ordered to reconsider 2013 ruling

 |  January 7, 2014

The Competition Appeals Tribunal received no appeals regarding its decision to require regulators to reconsider a ruling that required ferry operator Eurotunnel to divest operations at a certain port following an asset acquisition, say reports. The case began following Eurotunnel’s acquisition of various assets from now-defunct SeaFrance in 2012. The case was referred to the Competition Commission by the UK’s Office of Fair Trading; the CC subsequently ordered Eurotunnel to divest seaport operations in 2013, a decision that was later appealed to the CAT.

Last month, the CAT ruled that the CC had to review the case and their decision to decide whether the case classified as a transfer of assets, or a transfer of business – the decision of which would rule whether the Competition Commission actually has jurisdiction over the deal.

As the CAT will require the CC to review the deal, a new decision may change the outcome for Eurotunnel.

Full Content: Wall Street Journal

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