CMA wins appeal on legal challenge to overseas information requests

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Summary:
The Court of Appeal has ruled in favor of the Competition and Markets Authority (CMA), affirming its power to require overseas companies to produce documents and information when investigating suspected anti-competitive conduct. The CMA had imposed penalties on BMW AG for failing to comply with an information request, and the company, along with VW AG, challenged the decision. The court rejected the restrictive interpretation adopted by the Competition Appeal Tribunal and High Court, stating that the CMA's ability to conduct competition investigations would be compromised without the ability to obtain information from overseas. The ruling strengthens the CMA's authority to investigate and enforce against anti-competitive conduct that harms consumers, businesses, and markets in the UK.