UK Antitrust Overhaul Still Hazy On Details

Law360, New York (April 26, 2013, 7:43 PM EDT) -- Though legislation overhauling the U.K.'s antitrust system finally passed Thursday, key questions remain about how the new consolidated competition authority will approach mergers over the long term, pursue antitrust probes under new deadlines and use its enhanced criminal authority when the changes kick in next year, attorneys said.

Years after the British government first proposed reforming the country's competition regime, the Enterprise and Regulatory Reform Bill received final approval Thursday. And while some of the broad changes are clear — for instance, the new regime will...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.