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The European Commission publishes proposals to update the Market Abuse Directive
On 20 October 2011, the European Commission published two proposals intended to update and strengthen the existing framework insuring investor protection under the Market Abuse Directive (2003/6/EC) (Market Abuse Directive).
Dawn raids in Sweden during 2011
During 2011 there have been several interesting developments as regards dawn raids and legal privilege.
Merger control in Sweden
Despite several attempts by the Swedish Competition Authority, Swedish courts have not yet prohibited any mergers, although a number of concentrations have been subject to commitments.
EMIR – Regulating the OTC Derivates Market
The Presidency of the Council of the European Union recently published the final compromise text of the proposed European Market Infrastructure Regulation (EMIR), which the European Parliament adopted on 29 March 2012.
Robert Moldén lectured in competition and public procurement law at
the Universities of Stockholm and Gothenburg
Robert Moldén has recently lectured in competition law at the University of Stockholm, as every spring term since 2009. He has also recently lectured in public procurement law at the Gothenburg School of Business, Economics and Law.
Cheaper to book taxis from Arlanda – success for Delphi in the Market Court
Delphi recently assisted Uppsala Taxi 100 000 AB in a competition case against Swedavia AB (publ) and EuroPark Svenska AB concerning booking fees for taxis from Arlanda Airport.
New rules proposed to make it easier to combat unlawful state aid
State aid is contribution which municipalities, county councils or states give to individual companies. The aid may come in many different forms, e.g. grants, guarantee commitments free of charge, sales for less than market value, beneficial loans or tax benefits to individuals.
Regulation on short selling and certain aspects of credit default swaps
As a result of the financial crisis 2008, a number of EU member states adopted emergency measures to restrict or ban short selling in some or all securities. As a result, different measures were adopted across the EU.
Competition Law and the Pharmaceutical Industry
Tuesday 17 May 2011
Mary Sunley Building, St Catherine’s College, Oxford
Impacts of the Public Procurement Act on mergers, acquisitions and similar transactions
Something which is not as well known is that the provisions in the Public Procurement Act (Sw. abbr. LOU) can also play a crucial role in how a procured contract is handled after the procurement has ended and that the provisions in LOU can also apply in completely different contexts, e.g. in conjunction with company mergers, acquisitions and similar transactions.
Tougher Stance on Cartels in New Swedish Competition Act
A new Swedish Competition Act entered into force on 1 November 2008. The new legislation means further harmonisation with EC competition rules and it also introduces a number of new features in order to enhance cartel enforcement. One of the new features is the introduction of disqualifi cation orders. The rules regarding fines have become both clearer and stricter in an aim to enhance legal certainty. Furthermore, it is now possible for companies to enter into settlement agreements with the Swedish Competition Authority (the “NCA”). As regards merger control, the rules are harmonised with the EC merger regulation through the introduction of the SIEC test. In addition, new turnover thresholds have been implemented. Helene Andersson and Elisabeth Legnerfält, lawyers at Advokatfi rman Delphi in Stockholm have summarised the most important developments.