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1. FTC approves Otto Bock HealthCare North America, Inc.’s application to divest assets in prosthetic knee merger.
On Dec. 1, 2020, the FTC announced its approval of an application by prosthetics manufacturer Otto Bock HealthCare North America Inc. to divest certain assets it acquired when it consummated its acquisition of FIH Group Holdings LLC (Freedom Innovations), including all microprocessor prosthetic knee (MPK) products and technology.
Otto Bock completed its acquisition of Freedom Innovations in September 2017, and FTC filed an administrative complaint in December of that year. In November 2019, upholding an administrative law judge’s decision, the FTC unanimously found that the merger was anticompetitive, and it issued the final order requiring Otto Bock to divest the Freedom Innovations business, with limited exceptions. The Commission vote to approve the application was 5-0.
Thursday, January 14, 2021
A. Dutch Competition Authority (ACM).
1. ACM announces support for experiment in allowing lawyers to be hired directly by legal-protection insurance companies.
On Dec. 14, 2020, the ACM announced that the experiment of the Netherlands Bar to allow bar members to be employed directly by legal-protection insurance companies was a step in the right direction. Lawyers employed with legal-protection insurers may assist non-insured persons as well. Legal-protection insurers will be granted temporary exemption. From Jan. 1, 2021, lawyers employed with legal-protection insurers can also represent clients that have not taken out legal-protection insurance. The rules of the Netherlands Bar previously prohibited this. The ACM believes this will bring more opportunities for new types of legal services, promoting innovation and giving consumers more options for legal representation.