Dye & Durham a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today that the United Kingdom’s Competition and Markets Authority (“CMA“) has issued its initial enforcement order (the “Order“) against it in respect of its recent acquisition of TM Group (UK) Limited (“TMG“) (the “Transaction“). In connection with the issuance of the Order, the CMA will be assessing whether the Transaction gives rise to a relevant merger situation for the purposes of Part 3 of the Enterprise Act 2002 (the “Act“) and, if so, whether its statutory duty to refer the Transaction to a Phase 2 assessment set out in section 22 of the Act is triggered. The CMA has 4 months from the July 8, 2021, closing of the Transaction, to make such determination, unless such deadline it extended.
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30/08/2021