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Deal insight: overcoming competition hurdles in rail franchise awards
31 January 2017 | By Jeremy Robinson (Partner) and Vineet Budhiraja (Associate) at international law firm Watson Farley & Williams
The UK’s Railways Act contains an obscure passage with deal-critical implications. If you enter a rail franchise agreement, you may need to first overcome competition law hurdles, the most immediate being: do you need clearance under merger control rules before you can proceed? This question stems from section 66(3) of…