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On April 20, 2022, the UK authorities announced wide-ranging reforms to UK competition and consumer law policy, together with important threshold modifications to the UK merger management regime. Particularly, whereas the federal government goals to retain the UK’s voluntary and non-suspensory merger regime, the proposed reforms plan to develop the already in depth potential of the UK’s Competitors and Markets Authority (CMA) to scrutinize mergers. Helpfully for merging events, nonetheless, the reforms introduce an goal, turnover-based protected harbor for small mergers by exempting these beneath specified turnover thresholds from evaluation. The deliberate reforms had been included within the Queen’s most up-to-date speech, though the timing of their entry into power remains to be unclear. On this alert, we’ll clarify the primary merger management reforms proposed and supply some early particulars for dealmakers.
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