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Frontier Pharma and Baystone Group completes its acquisition of Zdravlje, a high quality pharmaceutical manufacturer in Serbia
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Supreme Court to consider costs orders against regulators
27 January 2021
Supreme Court: Permission granted
The Supreme Court is to consider whether costs should only be awarded against regulators in unsuccessful cases where there is good reason to make an order, it announced today.
The issue arose in a case involving the Competition and Markets Authority (CMA) but the Court of Appeal referenced by analogy the position with solicitors in ruling last year that the starting point should be no order for costs where the unsuccessful regulator was acting purely in its regulatory capacity.
There could be good reason to depart from this, the appeal court said, but the mere fact that the regulator has been unsuccessful was not enough.
Frontier Pharma and Baystone Group acquire Serbian pharmaceutical company Zdravlje
12/01/2021
Britain’s Frontier Pharma and the Baystone investment group have acquired Serbian pharmaceuticals company Zdravlje Leskovac, its owner’s Serbia-based business said in a statement on Monday.
The statement did not specify the price paid for the takeover of the drugmaker, which is owned by Actavis, a subsidiary of Israeli company Teva.
Teva took control of Zdravlje Leskovac through its acquisition of Actavis in 2016.
“Our intention is to closely cooperate with Teva during this transition and to … in time develop the (Zdravlje Leskovac) company,” the statement said, citing Levent Selamoglu, Frontier Pharma’s chairman.