The Takeover Panel has published a consultation paper (PCP 2022/2) setting out proposed changes to the definition of “acting on concert” in the Code. The changes, which are highly complex and technical in nature, are in part a codification of existing Panel practice. There are, however, are some important adjustments that, given the potentially significant consequences of being considered to be “acting in concert” (e.g. setting a floor price for an offer and/or triggering a mandatory bid obligation), it will be important for offer participants and their advisers to familiarise themselves with.
On 24 May 2022, the bill on ‘Transparency rules on relationships between manufacturing companies, healthcare professionals and organizations’ (“Sunshine Act”) was finally approved. The Sunshine Act will enter into force after its publication in the Official Gazette.
On 16 April 2022, the Decree of the Ministry of Health dated 31 March 2022 establishing the national network for device-vigilance and the supporting information system was published in the Official Gazette.
On 16 February 2022, the Medical Device Coordination Group approved a new document to provide guidance to Notified Bodies on the appropriate way to carry out surveillance activities on CE-marked devices in accordance with the Medical Devices Directive 93/42/EEC and the Active Implantable Medical Devices Directive 90/385/EEC, which, by virtue of the provisions of Article 120(3) of Regulation EU 745/2014, can be marketed until 26 May 2024.
On 13 May 2022, the AIFA’s regulation, which amends the procedures for the exercise of the right to documentary and simple civic access and introduces the criteria and procedures for the exercise of the general civic access, was published in the Official Gazette.
With Decision No. 2928 of 19 April 2022, the Council of State confirmed the legitimacy of the AIFA’s resolution modifying the supply regime of a medicinal product used for emergency contraception by removing the need for the medical prescription.
On 10 May 2022, following a lengthy review and public comment period that began in October 2018, the European Commission adopted the new Vertical Block Exemption Regulation (VBER) accompanied by new Vertical Guidelines. The new VBER and Guidelines will come into force on 1 June 2022.
Baker McKenzie’s Sanctions Blog published the alert titled Department of Commerce Expands Russia Industry Sector Sanctions to Cover Additional Items on 13 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 28 April 2022, the UK introduced The Export Control (Amendment) Order 2022, amending the Export Control Order 2008, which will come into force on 19 May 2022. An additional control on military end-use will apply; however there are no amendments to the underlying dual-use regulation and the existing end-use control will continue to apply separately.
Baker McKenzie’s Sanctions Blog published the alert titled Japan introduces further sanctions against Russia on 19 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.