Legal Updates

On 31 May 2018, the European Court of Justice ("ECJ") handed down a much anticipated judgment on the preliminary ruling request brought by the Danish Maritime and Commercial court in relation to the standstill obligation under Article 7(1) of the EU Merger Regulation ("EUMR").  The ECJ ruled that Ernst & Young ("EY") did not breach the EUMR's standstill obligation regarding its takeover of KPMG's Danish unit as a result of the termination of a cooperation agreement between KPMG DK and KPMG's international network. 

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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying it to specific issues or transactions.

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