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Jun 26, 2024 | 
jdsupra.com | Anna Caro |Christine M. Graham |Caroline Hobson
[co-author: Mo Swart]The Digital Markets, Competition and Consumers Act (DMCC), which became law on 24 May 2024, represents a major shift in UK digital, competition and consumer protection regulation. In particular, the DMCC: Introduces a new regulatory regime for large digital firms (covered in May 2024 Cooley client alert). Significantly widens the enforcement remit of the UK Competition and Markets Authority (CMA) in consumer protection – particularly in relation to online activities.
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Jun 13, 2024 | 
jdsupra.com | Anna Caro |Christine M. Graham |Caroline Hobson
Shortly before the UK Parliament was prorogued on 30 May 2024, the long-awaited Digital Markets, Competition and Consumers Act (DMCC) received Royal Assent on 24 May 2024. As we explained in our first update, the DMCC represents a major shift in UK digital, competition and consumer protection regulation. In particular, the DMCC: Introduces a new regulatory regime for large digital firms (covered in our first update).
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May 31, 2024 | 
jdsupra.com | Anna Caro |Christine M. Graham |Caroline Hobson
Following introduction into the UK Parliament in 2023, the long-awaited Digital Markets, Competition and Consumers Act (DMCC) received Royal Assent on 24 May 2024. The legislation passed as part of the parliamentary ‘wash-up’ period triggered by a surprise announcement of a general election in the UK. Representing a major shift in UK digital, competition and consumer protection regulation, the DMCC has three pillars: Introducing a new regulatory regime for large digital firms.
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May 31, 2024 | 
lexology.com | Caroline Hobson |Jonas Koponen |Anna Caro
Following an almost year-long review into artificial intelligence foundation models, and the publication of its initial report in October 2023,[1] the U.K. Competition and Markets Authority published an updated report on April 11[2] and a fuller technical report on April 16,[3] outlining its growing concerns that competition in AI is not working as it should.
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Apr 30, 2024 | 
lexology.com | Caroline Hobson
Click here to watch the videoArtificial intelligence – a rapidly developing sector that lacks regulatory consensus – is uniquely challenging for antitrust agencies. The UK Competition and Markets Authority (CMA) in its April 2024 AI report outlined its emerging thinking for this evolving space. In this AI Short, Cooley partner Caroline Hobson offers four key takeaways from the CMA’s analysis and what the regulatory authority may do next.
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Apr 22, 2024 | 
jdsupra.com | Anna Caro |Caroline Hobson |Jonas Koponen
Following an almost yearlong review into artificial intelligence (AI) foundation models, and the publication of its initial report in October 2023, the UK Competition and Markets Authority (CMA) has published an updated report and a fuller technical report, outlining its growing concerns that competition in AI is not working as it should. In a speech delivered 11 April 2024, CMA CEO Sarah Cardell further announced that the CMA is commencing a program of work in the space.
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Apr 19, 2024 | 
lexology.com | Caroline Hobson |Jonas Koponen |Kathleen O'Neill |Anna Caro
Following an almost yearlong review into artificial intelligence (AI) foundation models, and the publication of its initial report in October 2023, the UK Competition and Markets Authority (CMA) has published an updated report and a fuller technical report, outlining its growing concerns that competition in AI is not working as it should. In a speech delivered 11 April 2024, CMA CEO Sarah Cardell further announced that the CMA is commencing a program of work in the space.
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Jan 22, 2024 | 
jdsupra.com | Caroline Hobson |Jonas Koponen
Merger review has become an ever more critical path to successful M&A completion, as enforcement agencies, including the European Commission (EC), apply closer scrutiny to potential anti-competitive effects of M&A deals. With closing timelines extended as a result, and because parties need to comply with mandatory “standstill” rules pending merger clearance, pre-closing integration planning and interaction have become more critical.
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Jan 19, 2024 | 
lexology.com | Caroline Hobson |Jonas Koponen
Merger review has become an ever more critical path to successful M&A completion, as enforcement agencies, including the European Commission (EC), apply closer scrutiny to potential anti-competitive effects of M&A deals. With closing timelines extended as a result, and because parties need to comply with mandatory “standstill” rules pending merger clearance, pre-closing integration planning and interaction have become more critical.
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Oct 11, 2023 | 
jdsupra.com | Anna Caro |Caroline Hobson |Leo Spicer-Phelps
Like many regulators across the globe, the UK Competition and Markets Authority (CMA) has been hypervigilant in watching the development of the artificial intelligence (AI) foundation model market. Following a five-month initial review into the market launched earlier this year, the CMA published its initial report on the UK market for AI foundation models on 18 September 2023.
