On 20 July 2021, the UK Government’s Department for Digital, Culture, Media & Sport (“DCMS”) and Department for Business, Energy & Industrial Strategy (“BEIS”) published proposals for a new regulatory regime for digital markets alongside accompanying consultation documents (the “Consultation”).
Continue Reading New UK Digital Competition Regulation Regime Consultation Closes on 1 October 2021
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The UK’s post-Brexit Subsidy Control regime — what to expect
By James Marshall & Grace Kim
What is happening and why?
On 30 June, the UK Government announced its draft Subsidy Control Bill (the “Bill”) which sets out the framework for how the UK will subsidise businesses post-Brexit. The UK government has hailed the Bill as…
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Amended GBER simplifies State aid rules for projects supporting the recovery from the COVID-19 pandemic
Introduction
On 23 July 2021, the European Commission (“Commission”) adopted an extension of the scope of the General Block Exemption Regulation (“GBER”). The revised rules concern:
- Aid for projects funded via certain EU centrally managed programmes under the new
Update on the UK’s National Security and Investment Act – what investors need to know
UK Government Confirms Commencement Date and Scope of NSI Regime
The UK Government has announced that the National Security & Investment Act (“NSIA”) will come into force on January 4, 2022. The NSIA introduces mandatory notification and pre-clearance requirements for…
Continue Reading Update on the UK’s National Security and Investment Act – what investors need to know
Competition Law Asia-Pacific Conference
On 13-14 July, Covington’s Peter Camesasca and Sophie Bertin participated in panels discussing developments in Foreign Direct Investment (“FDI”) and Competition enforcement and compliance at the annual Competition Law Asia-Pacific Conference.
Foreign Direct Investment Regimes
On the first day…
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Emerging Trends in UK Competition Law Vlog Series – Part IV: Horizon Scanning
Covington’s four-part video series offers snapshot briefings on key emerging trends in UK Competition Law. In part four, James Marshall and Sophie Albrighton look across the horizon at the CMA’s plans for the future: what are the proposed reforms for…
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The potential implications of the CJEU’s ISU judgement on the European Super League: Football “on thin ice”
In May 2021, the Court of Justice of the European Union (“CJEU”) published the summary of an appeal filed by the International Skating Union (“ISU”) against a ruling from the General Court (“GC”) which found that ISU rules restricting athletes…
Continue Reading The potential implications of the CJEU’s ISU judgement on the European Super League: Football “on thin ice”
ECJ provides guidance on key cartel questions: the partial immunity concept and rankings for leniency applications
By Johan Ysewyn & Rolf Ali
On 3 June 2021, the European Court of Justice (“ECJ”) in case C-563/19 P Recylex v Commission dismissed Recylex’ appeal both to adjust its ranking in the leniency process and to receive partial immunity for parts of its participation in…
Continue Reading ECJ provides guidance on key cartel questions: the partial immunity concept and rankings for leniency applications
The French Competition Authority gives its views on the competition issues arising from Fintech
Back in 2020, the French Competition Authority (“FCA”) had announced, in its annual priorities, its interest in the competition implications of the digital revolution in the financial sector, notably in the context of the growth of FinTech, the introduction of…
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The European Commission publishes the results of its evaluation of the horizontal block exemption regulations and guidelines
By Johan Ysewyn & Rolf Ali
On 6 May 2021, the European Commission (“Commission”) published the findings of its evaluation of the horizontal block exemption regulations for Research & Development (“R&D BER”) and specialisation agreements (“Specialisation BER”, together “HBERs”), as well as the accompanying Horizontal Guidelines…
Continue Reading The European Commission publishes the results of its evaluation of the horizontal block exemption regulations and guidelines