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Navigating In The Dark: Foreign Direct Investment Landscape Remains Unpredictable

Global foreign direct investment (FDI) regulation remains in flux. Some jurisdictions are keen to cut red tape to attract investment. But many FDI screening regimes are expanding in scope as governments increasingly focus on...more

CMA Issues First Fine Under New Direct Consumer Enforcement Powers

The UK Competition and Markets Authority (CMA) has fined a firm for failing to respond to an information notice. The fine marks the first use of the CMA's enhanced procedural enforcement powers under the Digital Markets,...more

UK Antitrust Regime Set For Further Reform As Government Pushes Growth Agenda

The UK government is consulting on highly anticipated amendments to the antitrust legislative framework. Its proposals are aimed at delivering economic growth by supporting the Competition and Markets Authority (CMA)’s 4Ps...more

A more flexible approach? CMA issues revised merger remedies guidance

At the end of what was a transformational year for UK merger control policy, the UK Competition and Markets Authority (CMA) published revised guidance on its approach to merger remedies (Revised Guidance). The upshot: the CMA...more

Crackdown on online selling practices: CMA launches eight consumer enforcement cases

The UK Competition and Markets Authority (CMA)’s strengthened consumer protection powers took effect in April 2025. For the first time, the CMA gained direct powers to determine breaches of consumer law and impose potentially...more

A (Provisionally) More Flexible Approach? CMA Consults on Revised Merger Remedies Guidance

On October 16, 2025, the UK Competition and Markets Authority (CMA) launched a consultation on draft revised guidance on its approach to merger remedies (Draft Guidance). The upshot: a more flexible approach is on the cards,...more

UK National Security and Investment Act: reducing red tape?

The UK government has published its latest annual report on the functioning of the UK’s investment screening regime under the National Security and Investment Act 2021 (NSIA) as well as announcing its intention to reduce...more

UK merger control to see faster reviews and clarified jurisdictional tests

The Competition and Markets Authority (CMA) has launched a consultation on proposed changes to its mergers guidance on jurisdiction and procedure (CMA2) and its mergers notice template....more

UK government emphasises CMA’s independence while steering it to support UK growth and investment

The UK government has issued the final version of its “strategic steer” to the Competition and Markets Authority (CMA), directing the authority to act in a way that prioritises growth and encourages investment in the...more

UK CMA Mergers Charter and behavioural remedies—statement of intent for merger reviews

Hot on the heels of the UK government’s February 2025 draft "strategic steer", the Competition and Markets Authority (CMA) has published a new Mergers Charter. The Charter details principles the CMA will apply when engaging...more

Foreign investment control regimes reach far and hit hard

Foreign investment (FDI) screening regimes continued to present challenges for dealmakers. We saw tough intervention in key jurisdictions. New and expanding rules added to regulatory burden. Overall, most deals are cleared...more

Strategic steer and CMA policy proposals: UK government consults on its steer to the CMA

Searching for ways to achieve its promised ‘growth’ and productivity ambitions, the UK government turned its gaze on the UK regulators around October last year, with the UK prime minister promising to “rip up the bureaucracy...more

Shifting sands? U.K. CMA to review approach to behavioral merger remedies

Chief executive of the U.K. Competition and Markets Authority (CMA), Sarah Cardell, has announced that the authority will launch a review of its approach to merger remedies in early 2025. Most notably, this will include a...more

EU Foreign Subsidy Regulation: General Court refuses to suspend EC request for mailboxes located in China

In the context of a dawn raid under the EU Foreign Subsidy Regulation (FSR), the EU General Court (GC) has refused to suspend the European Commission (EC)’s request to access employees’ mailboxes located in China....more

New U.K. digital markets regime

The Digital Markets, Competition and Consumers Act 2024 will introduce groundbreaking new rules to regulate digital markets in the U.K. It aims to boost competition by controlling the conduct of the largest digital firms,...more

U.K. consumer enforcement overhaul

The Digital Markets, Competition and Consumers Act 2024 will result in a landmark overhaul of the U.K. consumer protection regime. It will dramatically increase the Competition and Markets Authority (CMA's) enforcement powers...more

U.K. antitrust regime revamp

The Digital Markets, Competition and Consumers Act 2024 will in the main start to take effect in stages later in 2024 and will bolster the powers of the Competition and Markets Authority (CMA) to enforce U.K. antitrust rules....more

U.K. finalizes new consumer antitrust and digital markets regime

The Digital Markets, Competition and Consumers Act 2024 has finally been enacted. It introduces significant changes to U.K. merger control and antitrust rules, establishes a new consumer protection regime and introduces a...more

Third annual report on EU foreign investment reveals a significant increase in formal screenings

The European Commission (EC)’s third annual report on EU foreign direct investment (FDI) screening covers the operation of the screening mechanism in 2022. Together with a Commission Staff Working Document, it details...more

EU FSR – the notification regime begins; what does it mean for infrastructure investors?

The EU is concerned about subsidies granted by non-EU countries to businesses active in the EU that could distort competition in EU markets. The Foreign Subsidies Regulation (FSR) establishes a new suspensory notification...more

EU FSR – the notification regime begins; what does it mean for private equity investors?

The EU is concerned about subsidies granted by non-EU countries to businesses active in the EU, that could distort competition in EU markets. The Foreign Subsidies Regulation (FSR) establishes a new regime, enforced by the...more

UK National Security and Investment Act: key takeaways from second annual report

The second annual report on the functioning of the UK’s investment screening regime has been published. We highlight the key points....more

EU Foreign Subsidies Regulation takes effect with procedural rules clarified

Most of the provisions of the EU Foreign Subsidies Regulation (FSR) take effect on 12 July 2023. The European Commission (EC) has also now adopted its long-awaited Implementing Regulation (IR), which contains the notification...more

Latest UK government guidance clarifies (some) parts of national security screening regime

To address concerns around the transparency and predictability of the National Security and Investment Act 2021 (NSIA) regime, the UK government has published the second edition of its “market guidance notes”. Following the...more

Global trends in government scrutiny of semiconductor transactions: an overview of recent cases

The semiconductor industry is based on a highly specialized supply chain where no one country or region dominates both design and manufacturing. This has created an industry where collaboration is global in nature. This...more

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