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
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