On 4 May 2022, the European Parliament (the “Parliament”) adopted its position on the proposal of the European Commission (the “Commission”) for a Regulation on foreign subsidies distorting the internal market (the “Foreign Subsidies Regulation”) (see our alert on the
Covington Competition
The Covington View
Covington Competition, published by Covington & Burling LLP, focuses on competition law and regulatory developments within the European Union and globally. The blog covers topics such as foreign direct investment (FDI) screening regimes, antitrust enforcement including no-poach agreements and minority shareholdings, state aid frameworks supporting industrial and clean energy initiatives, and sector-specific regulatory issues like defense and technology. It analyzes trends in merger control, investment screening, and competition policy enforcement, providing insights into legal and policy intersections affecting corporate transactions, compliance, and market competition.
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FDI regulators show their teeth – Close scrutiny and firm intervention in response to Russia’s war against Ukraine
Russia’s continued invasion of Ukraine is broadly impacting foreign direct investment (“FDI”) screening. A range of governments have announced they will apply close scrutiny to investments from Russia and its allied countries in general, and not only to investors that…
European Parliament and Council strike the deal on the Digital Markets Act
By Johan Ysewyn & Kevin Coates
On 24 March 2022, the European Parliament and the Council reached an agreement on the Digital Markets Act (“DMA”), a pioneering initiative to regulate digital markets and endorse the European digital strategy. The DMA would include a set of obligations…
The Commission’s Temporary Crisis Framework for State Aid measures to support the economy following the aggression against Ukraine by Russia
On 23 March 2022, the European Commission (the “Commission”) adopted a Temporary Crisis Framework for State Aid measures to support the economy following the aggression against Ukraine by Russia (the “Framework”). In a similar fashion to the temporary framework that…
Is the U.S. Congress Preparing a “Tech Accountability” Package?
In his State of the Union address last week, President Biden declared that he wants to: “strengthen privacy protections, ban targeted advertising to children, and demand tech companies stop collecting personal data on our children.” This statement comes just a…
Trends, developments and divergence from EU law? The CMA’s first year as a global competition authority
When the UK left the EU on 31 December 2020, the Competition and Markets Authority (“CMA”) gained new powers, functions and responsibilities previously exclusively reserved to the European Commission (the “Commission”).
This blog explores how the CMA has tackled its…
Inside Privacy Audiocast: Episode 18 – Recent Developments in GDPR Enforcement
On Episode 18 of Covington’s Inside Privacy Audiocast, Dan Cooper, Moritz Hüsch, Kristof van Quathem, and Petros Vinis discuss GDPR enforcement, and the evolution of regulatory fines since the GDPR was enacted in 2018.
Covington’s Inside…
The Commission adopts its new Climate, Energy and Environmental Aid Guidelines (CEEAG)
The European Commission (the “Commission”) formally adopted on 27 January 2022 its new Guidelines on State aid for climate, environmental protection and energy (CEEAG). The CEEAG replace the guidelines which were in force since 2014 (EEAG) and…
English High Court issues warning shot to cartel damages Claimants who delay
The English High Court (“High Court”) has issued an important judgment in the claim that Gemalto group companies (“Gemalto”) brought against Infineon (“Infineon”) and Renesas Electronics (“Renesas”) companies, for damages arising from the smart card chips cartel (Gemalto NV and…
U.S. Senate Judiciary Committee To Consider Legislation On Unfair Competition in App Market
While much of the Senate Judiciary Committee’s meeting next Thursday, February 3, will focus on the pending Supreme Court nomination, the Committee is still scheduled to mark up and vote on the Open App Markets Act (S. 2710)—which purports to…