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UK watchdog's information request to BMW in Germany was lawful, appeal court rules (*update)

By Jon Menon ( January 17, 2024, 18:06 GMT | Insight) -- BMW and Volkswagen have seen appeal judges confirm that the UK antitrust regulator has the power to require overseas companies to produce documents and information when investigating suspected anticompetitive conduct. The Court of Appeal said that the CMA’s ability to conduct competition probes would be compromised were it unable to obtain information from overseas, and create “a perverse incentive for conspirators to move offshore to organize cartels directed at harming the United Kingdom market,” according to a CMA statement today.BMW and Volkswagen saw appeal judges confirm that the UK antitrust regulator has the power to require overseas companies to produce documents and information when investigating suspected anticompetitive conduct....

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