The Competition and Markets Authority has cleared the proposed merger between Viasat and Inmarsat following a Phase 2 review. Both companies supply satellite connectivity services globally, including in-flight internet for airlines. The Phase 2 inquiry group, of which DT Economics Managing Partner David Thomas was a member, assessed whether the merger would substantially lessen competition - a higher threshold than the Phase 1 review that had originally referred the transacti

Mr Justice Foxton has handed down judgment in Lonestar Communications Corporation v Kaye and Ors ([2023] EWHC 421 (Comm)), one of The Lawyer magazine's Top 20 Cases of 2022. The case was the first civil claim in England and Wales arising out of a cyber-attack. DT Economics partner David Thomas acted as expert witness for the defendant on valuation and economic matters. The case concerned the quantum of damages claimed by Lonestar in connection with a campaign of distributed d

DT Economics Managing Partner David Thomas, acting as a Settlement Decision Maker for the Payment Systems Regulator, has issued a Decision Notice fining Barclays £8.4 million for failing to provide full information on the cost of card services to retailers under the Interchange Fee Regulation. This is the second enforcement action taken against a UK bank by the PSR on interchange fee compliance, following the £1.82 million fine issued to NatWest Group banks in 2022. Further d