Facebook fined a record £50m by UK competition watchdog – BBC News

Posted October 21st, 2021 in competition, fines, internet, news, takeovers by sally

‘Facebook has been fined £50.5m ($70m) by the UK’s Competition and Markets Authority (CMA), which accuses it of deliberately breaking rules.’

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BBC News, 20th October 2021

Source: www.bbc.co.uk

New Acts – legislation.gov.uk

2021 c. 14 – Forensic Science Regulator Act 2021

2021 c. 11 – Counter-Terrorism and Sentencing Act 2021

2021 c. 25 – National Security and Investment Act 2021

Overseas Operations (Service Personnel and Veterans) Act 2021

2021 c. 17 – Domestic Abuse Act 2021

Source: www.legislation.gov.uk

UK watchdog investigates chip maker Nvidia’s takeover of Arm – The Independent

Posted January 7th, 2021 in competition, consumer protection, licensed premises, news, takeovers by tracey

‘British regulators are investigating graphics chip maker Nvidia’s $40 billion purchase of chip designer Arm over concerns about its effect on competition.’

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The Independent, 6th January 2021

Source: www.independent.co.uk

Anti-buyout law would hit UK recovery, say business groups – The Guardian

Posted June 9th, 2020 in international relations, news, takeovers by sally

‘Business groups have warned that introducing a law to prevent foreign takeovers that threaten national security could have a “chilling” effect on investment in the UK.’

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The Guardian, 8th June 2020

Source: www.theguardian.com

Lloyds shareholders lose legal fight over HBOS takeover – The Guardian

Posted November 18th, 2019 in banking, class actions, damages, disclosure, news, shareholders, takeovers by sally

‘Thousands of shareholders in Lloyds Banking Group have lost a multimillion pound legal battle against the bank over its takeover of HBOS at the height of the global financial crisis.’

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The Guardian, 15th November 2019

Source: www.theguardian.com

Watchdog calls on MPs to ease rules after being told to toughen up – Daily Telegraph

Posted December 1st, 2017 in accountants, financial regulation, news, takeovers by tracey

‘The UK’s accounting watchdog is hoping to make it easier to prosecute accountants after it was slammed for letting KPMG off the hook over its audits of HBOS just before the financial crisis.’

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Daily Telegraph, 30th November 2017

Source: www.telegraph.co.uk

Lloyds shareholders’ court case over HBOS takeover set to begin – The Guardian

Posted October 16th, 2017 in banking, class actions, news, shareholders, takeovers by sally

‘A £600m case is due to begin in the high court this week which is expected to lead to five former directors of Lloyds Banking Group being asked to explain the circumstances that led to the rescue of HBOS during the height of the financial crisis.’

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The Guardian, 15th October 2017

Source: www.theguardian.com

Calls for Ofcom to block Sky takeover until Fox News cases are resolved – The Guardian

Posted May 15th, 2017 in confidentiality, harassment, media, news, takeovers by sally

’21st Century Fox’s takeover of Sky should be blocked until allegations of sexual and racial harassment at Fox News have been resolved, according to a lawyer representing alleged victims in the US.’

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The Guardian, 12th May 2017

Source: www.guardian.co.uk

Just Eat faces competition inquiry over Hungryhouse takeover – The Guardian

Posted May 10th, 2017 in competition, food, internet, news, takeovers by sally

‘Just Eat’s proposed takeover of Hungryhouse is facing an in-depth investigation by the competition watchdog over fears restaurants could end up with a worse deal.’

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The Guardian, 10th May 2017

Source: www.guardian.co.uk

OFT clears Google’s takeover of Waze – OUT-LAW.com

Posted November 13th, 2013 in competition, internet, mergers, news, ombudsmen, takeovers by tracey

“The Office of Fair Trading (OFT) has cleared Google’s takeover of Israeli-based mapping technology company Waze Mobile after finding it does not raise competition concerns.”

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OUT-LAW.com, 12th November 2013

Source: www.out-law.com

VAT on takeover costs not recoverable by holding company, says Court of Appeal – OUT-LAW.com

Posted February 25th, 2013 in appeals, costs, EC law, news, takeovers, tribunals, VAT by sally

“VAT incurred by a holding company on a takeover was not recoverable, according to a recent Court of Appeal decision in a case concerning UK airport operator BAA.”

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OUT-LAW.com, 22nd February 2013

Source: www.out-law.com

Lloyds TSB Foundation for Scotland (Respondent) v. Lloyds Banking Group Plc (Appellant) (Scotland) – Supreme Court

Posted January 23rd, 2013 in accounts, charities, EC law, law reports, Scotland, takeovers by sally

Lloyds TSB Foundation for Scotland (Respondent) v. Lloyds Banking Group Plc (Appellant) (Scotland) [2013] UKSC 3 | UKSC 2012/0042 (YouTube)

Supreme Court, 23rd January 2013

Source: www.youtube.com/user/UKSupremeCourt

Changes to Takeover Code working well, according to Panel report – OUT-LAW.com

Posted November 28th, 2012 in codes of practice, company law, news, shareholders, takeovers by sally

“Changes to the rules governing company acquisitions, introduced last year to protect shareholders in the event of a hostile takeover, have “operated satisfactorily” according to a report by the Takeover Panel.”

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OUT-LAW.com, 28th November 2012

Source: www.out-law.com

Only smarties have the answer – collective cabinet responsibility and the sale of Rowntree Mackintosh – Panopticon

Posted October 24th, 2012 in freedom of information, government departments, news, takeovers by sally

“The question of whether the convention on collective cabinet responsibility operates, in effect, as a trump card in the FOIA context has been considered in a number of tribunal cases (see further for example the Lamb case concerning a request for disclosure of the Iraq war cabinet minutes and the Cabinet Office case concerning cabinet discussions over the Westland takeover (‘the Westland case’)). Last week, in Cabinet Office v IC, the First-Tier Tribunal handed down a decision in which it reconfirmed the principle that the convention, whilst undoubtedly an important consideration in the FOIA context, does not create any absolute bar against disclosure.”

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Panopticon, 23rd October 2012

Source: www.panopticonblog.com

Takeover Panel to review “put up or shut up” rule, according to press reports – OUT-LAW.com

Posted October 23rd, 2012 in codes of practice, news, takeovers by sally

“The Takeover Panel could amend its rule that states that companies must complete acquisitions within 28 days following complaints from would-be buyers, according to press reports.”

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OUT-LAW.com, 23rd October 2012

Source: www.out-law.com

Companies planning a takeover bid will have to disclose impact on target’s pension scheme – OUT-LAW.com

Posted July 11th, 2012 in consultations, news, pensions, takeovers by tracey

“Companies planning a takeover bid will have to set out the likely impact of their proposal on the target company’s pension scheme under proposed changes to the Takeover Code.”

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OUT-LAW.com, 10th July 2012

Source: www.out-law.com

Jeremy Hunt emails: a legal view – The Guardian

Posted April 25th, 2012 in bias, competition, electronic mail, media, news, takeovers by sally

“The emails revealed between the minister and News Corporation lobbyists suggest a risk of bias, says legal commentator.”

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The Guardian, 24th April 2012

Source: www.guardian.co.uk

Pearson looks at acquiring College of Law – Daily Telegraph

Posted December 12th, 2011 in legal education, news, takeovers by sally

“Pearson, owner of the Financial Times newspaper, has been examining an acquisition of legal training company, The College of Law.”

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Daily Telegraph, 11th December 2011

Source: www.telegraph.co.uk

News Corp pulls out of BSkyB bid – The Guardian

Posted July 13th, 2011 in media, news, shareholders, takeovers by tracey

“Rupert Murdoch’s media group News Corporation bowed to pressure from the public and parliament on Wednesday and withdrew its bid to take full control of pay-TV company BSkyB.”

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The Guardian, 13th July 2011

Source: www.guardian.co.uk

Government consults regulators on BSkyB deal – OUT-LAW.com

Posted July 11th, 2011 in media, news, takeovers by sally

“The Culture Secretary has asked Ofcom and the Office of Fair Trading (OFT) if the closure of the News of the World (NotW) newspaper has changed their view of whether its owner should be allowed to take over BSkyB, according to media reports.”

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OUT-LAW.com, 11th July 2011

Source: www.out-law.com