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Recommendations and a new antitrust investigation: the CMA's final report on its housebuilding market study

The Competition and Markets Authority (the CMA) has now concluded its year-long, market-wide study into the housing sector, examining possible competition law or consumer protection issues prevalent across the industry. It looked at a range of issues impacting competition between housebuilders – including land-banking, planning, the involvement of intermediaries, and estate management.

EMIR 3.0 final text published – what does it mean for users of derivatives?

In December 2022, the European Commission published its proposals for a regulation ("EMIR 3.0") amending the European Market Infrastructure Regulation ("EMIR"). On 13 February 2024, following negotiation and political agreement with the EU Parliament, the Council of the European Union released the final text of EMIR 3.0, which is expected to be published in the Official Journal pending Parliament's approval.

Extraterritorial reach of CMA information gathering powers: the fight continues?

On 17 January 2024, the Court of Appeal found that the UK Competition and Markets Authority ('CMA') has the power to require overseas companies to produce documents and information as part of its competition law investigations (CMA v BMW and VW), overturning an adverse Court judgment last year which had threatened the ability of the CMA to effectively investigate cross-border cartel conduct post-Brexit.

Law Commission Review of the Arbitration Act 1996 | Key Areas of Review and Recommended Change

On 6 September 2023, the Law Commission issued its Final Report and Bill on the proposed amendments to the Arbitration Act 1996 (the "Act"). The Final Report and Bill followed an extensive consultation exercise, during which the Law Commission published two consultation papers and received feedback from over 100 different consultees. The draft Arbitration Bill is now before Parliament and is expected to enter the statute books later this year as the 'Arbitration Act 2024'.

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