Corporate weekly highlights—21 March 2019

Corporate weekly highlights—21 March 2019

This week’s edition of Corporate highlights includes the latest updates on Brexit, the adoption by the European Commission of two delegated regulations relating to the Prospectus Regulation, a High Court case involving a warranty claim brought on a share purchase relating to inaccurate financial projections and a Court of Appeal case on formation of contracts and the construction of the Contracts (Rights of Third Parties) Act 1999.

In this issue:

Brexit

CMA: Guidance on CMA functions in a no-deal Brexit scenario published

On 18 March 2019, the Competition and Markets Authority (CMA) published guidance on the functions of the CMA after a no-deal exit from the EU. The guidance explains how a no-deal Brexit would affect the powers and processes of the CMA for merger control, antitrust and cartel enforcement and consumer protection law enforcement after exit day (as defined in the European Union (Withdrawal) Act 2018(EU(W)A 2018)). The guidance is intended to come into effect on exit day, in the event that the UK leaves the EU in a no deal scenario, and the Competition (Amendment etc) (EU Exit) Regulations 2019, SI 2019/93 has come into effect. If the UK does not leave the EU in a no-deal scenario, the guidance will be withdrawn.

For further information, see: LNB News 18/03/2019 96.

FCA publishes statements regarding MiFID II pre-and post-trade transparency regime

The Financial Conduct Authority (FCA) has published statements of policy and a 

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