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Dora Pap

Dora Pap is an associate in Covington’s competition team in London, having joined the firm as a trainee solicitor in 2019. She advises on all aspects of UK and EU competition law, including merger control, regulatory investigations, and enforcement.

What do you need to know?

Following a call for information earlier this year, the UK’s Competition and Markets Authority (CMA) has now announced the changes it intends to make to its merger review process. The majority of the changes are to the Phase 2 process, which is only encountered in a minority of formal reviews, namely those where the CMA believes the merger could lead to a substantial lessening of competition – at the time of writing, of the 72 transactions qualifying for investigations under the merger provisions of the Enterprise Act 2002 since 1 January 2022, 17 (24%) of these were referred to Phase 2 (whereas around 10% of non-simplified merger review procedures lead to a Phase 2 review in the EU). These changes largely seek to make the Phase 2 process more interactive, with a view to arriving at acceptable remedies proposals sooner in the process. The proposed changes follow a period of criticism of the CMA’s approach to merger enforcement and reflect a desire to improve the effectiveness of the UK merger review process. The proposed changes are being consulted on until 8 January 2024. Continue Reading Towards a More Interactive Merger Review Process: UK CMA Proposes Amendments