dawn raid

dawn raid
1) This term has two potential meanings:
• In the context of UK takeovers, an attempt by a potential bidder to acquire a significant stake in a target in the market in a short space of time as the market opens.
• In the context of competition law, a surprise inspection carried out by the officials of the competition authorities at the premises of the business or businesses suspected, to obtain incriminating evidence.
2) Competition regulators have wide powers of cartel investigation. These include the power to turn up at business or residential premises without prior notification and seize evidence. These visits are colloquially called dawn raids because the investigators often arrive early in the morning (but they can happen at any time of day).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Dawn raid — A dawn raid is a visit by the police, immigration officers or other officials in the early morning, hoping to use the element of surprise to arrest targets that they think may resist arrest, be politically sensitive, or simply be elsewhere during …   Wikipedia

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  • dawn raid — UK / US noun [countable] Word forms dawn raid : singular dawn raid plural dawn raids a military or police attack made at the beginning of the day, so that the people being attacked will not be prepared for it …   English dictionary

  • dawn raid — An attempt by one company or investor to acquire a significant holding in the equity of another company by instructing brokers to buy all the shares available in that company as soon as the stock exchange opens, usually before the target company… …   Accounting dictionary

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