Competition and Antitrust law expert, Sean-Paul Brankin, has been quoted in PaRR’s article, ‘Sporting Index/Spreadex remittal exposes gaps in CMA’s Phase II procedure, lawyers say’.

“On 4 March, the Competition Appeal Tribunal (CAT), quashed the authority’s earlier decision ordering Spreadex to unwind the completed takeover of Sporting Index. It did so after the CMA conceded that the summaries of third-party evidence in its final report did not accurately reflect the underlying material, and said it accepted that this report should be set aside.”

Sean-Paul commented that “The case clearly points to a very serious weakness with existing Phase II procedures at the CMA.”

“To only give parties access to summaries of key evidence is inherently problematic. It is open to error, misunderstanding and unintentional bias on the part of the summariser, Brankin argued.”

To read the full article, see the PaRR website (sign-in required). We discuss other competition law news here.