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Central to this development is a historic, potentially damning internal “Second-Hand Software” (SHS) presentation, referred to in the consent order as a “known adverse document.” The specific content of the presentation has not yet been made public, but Microsoft has until October 31 to explain why it did not disclose the presentation earlier.

CAT consent order requires Microsoft to explain by 31 October why a 2013 Second-Hand Software presentation surfaced only in December 2025.

Yes, the 'Secondhand Software Presentation' does sound like it might be an adverse document...

The Court of Appeal has dismissed Microsoft’s appeals in its dispute with ValueLicensing, providing guidance on copyright exhaustion in the context of the resale of software licences, and the Competition Appeal Tribunal's jurisdiction to determine copyright issues arising in competition law claims.

Tribunal to explore how £270 million reseller case intersects with multibillion-pound class action