The recent ruling by the European Court of Justice demonstrated a significant limitation on the EU competition authority's ability to regulate acquisitions, especially for smaller deals that traditionally might not have been scrutinized. This landmark decision affects how future mergers and acquisitions will be monitored, potentially leading to less oversight and more freedom for companies to pursue strategic takeovers without extensive EU intervention.
The settlement of $49 million by six credit-rating firms, including Moody's and S&P, highlights serious regulatory concerns about communication practices involving credit ratings. Since January 2020, these firms were found to be using off-channel communications, such as text messages, raising questions about transparency and compliance. This underscores the importance of adhering to regulations in a field where trust and credibility are paramount.
#eu-competition-law #credit-ratings #corporate-regulations #mergers-and-acquisitions #technology-implications
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