Leading Pharmaceutical manufacturer, Aspen, Gives Legally Binding Commitments to Reduce its Prices Following EU Commission Competition Law Investigation into Excessive Pricing
Following an extensive competition law investigation by the EU Commission, leading pharmaceutical manufacturer, Aspen, offered legally binding Commitments to reduce its prices in Europe for six critical cancer medicines by 73% on average and to backdate those price reductions to 2019. In addition, under the terms of the Commitments, Aspen must ensure the continued supply of these off-patent medicines for […]
Read MoreCOVID-19 | Quarantine hotels and travel
On 15th February the government published The Health Protection (Coronavirus, International Travel) (England) (Amendment) (No. 7) Regulations 2021 setting out rules for the quarantine of international arrivals to England from certain countries. What are the key restrictions? | Rosenblatt’s Financial Crime Team A summary of the key provisions of the regulations is provided below. People allowed to enter England who […]
Read MoreRosenblatt’s and Grant Thornton’s Financial Crime Resilience Series: Investigations and Account Freezing Orders Session Recording
Two years on since the introduction of Account Freezing and Forfeiture orders (AFFO) and Unexplained Wealth Orders (UWO) into UK criminal law as a civil recovery tool by the Criminal Finances Act 2017, our speakers looked at their effectiveness in seizing proceeds of crime, and the Serious Fraud Office (SFO) and National Crime Agency that use these. View the recording […]
Read MoreRosenblatt’s and Grant Thornton’s Financial Crime Resilience Series: Financial Crime Session
In this second session of Grant Thornton’s and Rosenblatt’s virtual event series on Financial Crime Resilience, you will hear about some of the current hot topics in financial crime. Lord Bernard Hogan-Howe will also share his recent experience of the issues regulated firms face in complying with their financial crime obligations. To register click below: https://www2.grantthornton.co.uk/2021-Q1-Feb-Mar-FS-Financial-crime-resilience-selection_Page.html
Read MoreNational Crime Agency | Bounce Back Loan Fraud | Rosenblatt’s Financial Crime Team
On 23rd January 2021, the National Crime Agency (NCA) announced it had arrested three men in connection with a £6m Bounce Back Loan fraud investigation. Criminal Proceedings | Rosenblatt’s Financial Crime Team The NCA said officers from its Complex Financial Crime Team arrested two of the men, a 30-year-old from Camden and a 31-year-old from Mitcham, at their office. A […]
Read MoreHas COVID made post-termination restrictions harder to enforce?
As we approach the one-year anniversary of COVID restrictions first being introduced in the UK, we consider what effect the furlough scheme may have on the enforceability of post-termination restrictions (“PTR’s”.) Post-termination restrictions, sometimes called restrictive covenants are often contained in employment contracts as a mechanism for employers to protect their business against employees leaving and taking competitive action against […]
Read MoreMeaning of “fair value” in a forced buy-out of a minority shareholder | Rosenblatt’s Corporate Team
Summary In this article, we consider the recent judgment of Mr Justice Snowden In the matter of Euro Accessories Ltd [1], which concerned the interpretation of a provision in the articles of association of a private limited company giving the majority shareholder an option to acquire the shares of the minority shareholder on terms that the consideration payable for the […]
Read MoreEU Commission Provides Guidance on Status of Dual Role Agents under EU Competition Law
As part of its review of the Vertical Agreements Block Exemption, Commission Regulation 330/2010 (“VABE”), the European Commission published a Working Paper on 5th February 2021 setting out the Commission’s preliminary views on the applicability of Article 101 TFEU to situations where distributors also act as agents for different products in the same product market for the same supplier (“the […]
Read MoreEU Commission Starts Competition Investigation against Leading Chocolate Producer, Mondelēz, for Restricting Parallel Trade in the EU
Introduction The European Commission has announced that it has opened a formal antitrust investigation to assess whether Mondelēz, one of the largest producers of chocolate, biscuits, and coffee in the EU, has restricted competition by hindering the cross-border trade between EU Member States of those products in breach of Articles 101 and/or 102 of the Treaty of the Functioning of […]
Read MoreDomestic Abuse: Warning Signs Employers Should Be Aware of And How They Can Support Employees Who Are Victims of Domestic Abuse
During the first national lockdown Refuge, the charity which runs the National Domestic Abuse helpline, reported around a 65% increase in calls and a 700% increase in the number of visits to its Helpline website [1]. In an open letter to Employers published on 14 January 2021, Business Minister Paul Scully MP stated that recent reports suggest that this increase […]
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