The EU Industrial Accelerator Act IAA will significantly reshape deal structuring and operations in strategic sectors, requiring early assessment of foreign investment constraints, governance and IP arrangements, and...more
3/11/2026
/ Energy Sector ,
EU ,
European Commission ,
Foreign Direct Investment ,
Foreign Investment ,
Industrial Sector ,
Investment ,
National Security ,
New Legislation ,
Procurement Guidelines ,
Proposed Legislation ,
Regulatory Oversight ,
Regulatory Requirements ,
Renewable Energy ,
Supply Chain
The fourth quarter of 2025 underscored evolving merger control frameworks in the European Union and United Kingdom, marked by greater flexibility, streamlined processes, and pragmatic enforcement....more
2/2/2026
/ Acquisition Agreements ,
Antitrust Investigations ,
Competition ,
Competition Authorities ,
Enforcement Actions ,
EU ,
European Commission ,
Merger Agreements ,
Merger Controls ,
Merger Remedies ,
Merger Reviews ,
UK ,
UK Competition and Markets Authority (CMA)
Merger control authorities remained active in Q4 2025, reviewing transactions across the healthcare, manufacturing, and consumer goods sectors. In the United States, courts and regulators issued rulings in cases involving...more
2/2/2026
/ Acquisition Agreements ,
Antitrust Investigations ,
Antitrust Litigation ,
Automotive Industry ,
Competition Authorities ,
Divestiture ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Food Manufacturers ,
Healthcare ,
Medical Devices ,
Merger Agreements ,
Merger Controls ,
Merger Remedies ,
Merger Reviews ,
Private Equity ,
UK ,
UK Competition and Markets Authority (CMA)
2025 proved to be a challenging year in court for the Federal Trade Commission (FTC), as it was unsuccessful in challenging the Tempur Sealy/Mattress Firm acquisition, the GTCR/Surmodics acquisition, a decade-old Meta...more
2/2/2026
/ Acquisition Agreements ,
Antitrust Investigations ,
Antitrust Litigation ,
Appeals ,
Competition ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FTC Act ,
Merger Agreements ,
Merger Challenges ,
Merger Controls ,
Merger Reviews ,
Private Equity ,
Remedies ,
State Attorneys General
The final FSR Guidelines, adopted on January 9, 2026, do not expand the Commission’s legal powers under the Foreign Subsidies Regulation (Regulation (EU) 2022/2560)....more
1/14/2026
/ Acquisition Agreements ,
Competition Authorities ,
Cross-Border Transactions ,
EU ,
European Commission ,
Foreign Investment ,
Foreign Subsidies ,
Guidance Documents ,
Merger Agreements ,
Merger Controls ,
Merger Reviews ,
New Guidance ,
Notification Requirements ,
Procurement Guidelines ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Subsidies ,
Threshold Requirements
United States (US) antitrust enforcement in Q3 2025 reflects a pragmatic yet assertive approach under the Trump administration. While the US Department of Justice (DOJ) and Federal Trade Commission (FTC) are clearing mergers...more
11/19/2025
/ Acquisition Agreements ,
Antitrust Division ,
Antitrust Investigations ,
Compliance ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Hart-Scott-Rodino Act ,
Merger Agreements ,
Merger Controls ,
Pre-Merger Filing Requirements ,
Premerger Notifications ,
Settlement ,
Trump Administration
Recent developments in European Union (EU) and United Kingdom (UK) merger control reveal a dynamic shift toward greater flexibility and practical enforcement....more
11/19/2025
/ Antitrust Investigations ,
Antitrust Provisions ,
Best Practices ,
Competition ,
Competition Authorities ,
Cross-Border Transactions ,
EU ,
European Commission ,
Jurisdiction ,
Merger Controls ,
Merger Remedies ,
Merger Reviews ,
Pre-Merger Filing Requirements ,
Remedies ,
UK ,
UK Competition and Markets Authority (CMA)
Global merger control authorities remained highly active in Q3 2025, scrutinizing deals across healthcare, aerospace, logistics, and digital platforms....more
11/19/2025
/ Aerospace ,
Antitrust Division ,
Competition Authorities ,
Department of Justice (DOJ) ,
Digital Platforms ,
European Commission ,
Federal Trade Commission (FTC) ,
Hart-Scott-Rodino Act ,
Healthcare ,
Logistics ,
Merger Controls ,
Merger Reviews ,
UK Competition and Markets Authority (CMA)
On September 5, 2025, the European Commission imposed a EUR 2.95 billion fine on Google, concluding an ongoing major antitrust probe dating back to 2012 into abusive practices in the advertising technology sector (AdTech)....more
10/17/2025
/ Adtech ,
Advertising ,
Antitrust Investigations ,
Antitrust Violations ,
Big Tech ,
Competition ,
Competition Authorities ,
Corporate Counsel ,
Enforcement Actions ,
EU ,
European Commission ,
Google ,
Online Platforms ,
Popular ,
Regulatory Oversight ,
Technology Sector
In a parallel push to modernize antitrust oversight, key European regulators, including the European Commission (EC) and the United Kingdom’s Competition and Markets Authority (CMA), are simultaneously reforming their merger...more
8/28/2025
/ Competition Authorities ,
EU ,
European Commission ,
Horizontal Merger Guidelines ,
Innovation ,
Merger Controls ,
Merger Reviews ,
Mergers ,
Public Consultations ,
Regulatory Reform ,
Supply Chain ,
UK ,
UK Competition and Markets Authority (CMA)
Recent antitrust enforcement actions in the United States and Europe have significantly influenced global M&A trends. Regulators approved major deals in highly concentrated markets, such as Synopsys / Ansys in the US and...more
8/28/2025
/ Acquisitions ,
Antitrust Provisions ,
Competition ,
Competition Authorities ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
European Commission ,
Federal Trade Commission (FTC) ,
Merger Controls ,
Mergers ,
Popular ,
UK
Under the second Trump administration, the Federal Trade Commission (FTC) and Department of Justice (DOJ) have signaled a significant departure from the antitrust enforcement policies of the Biden administration. This new...more
8/28/2025
/ Antitrust Division ,
Antitrust Litigation ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Hart-Scott-Rodino Act ,
Merger Controls ,
Merger Remedies ,
Merger Reviews ,
Mergers ,
Popular ,
Trump Administration
Dawn raids conducted by antitrust authorities are stressful events. Among other issues, the ensuing investigations consume significant time and effort and often result in high fines for the companies involved. It is therefore...more
8/13/2025
/ Antitrust Investigations ,
Appeals ,
Competition ,
Competition Authorities ,
Dawn Raids ,
Enforcement Actions ,
EU ,
European Commission ,
Evidence ,
France ,
Investigations ,
Manufacturers ,
Penalties ,
Popular
On 2 June 2025, the European Commission (the Commission) announced a landmark decision, sanctioning companies for the first time over a standalone “no-poach” cartel agreement. Another key element of the decision was its focus...more
JANUARY – MARCH 2025: KEY THEMES AND TAKEAWAYS -
UNITED STATES -
FTC Loses Vertical Challenge to Tempur Sealy/Mattress Firm
On July 2, 2024, the US Federal Trade Commission (FTC) filed suit in federal court seeking to block...more
5/6/2025
/ Acquisitions ,
Anti-Competitive ,
Antitrust Division ,
Antitrust Litigation ,
Antitrust Violations ,
Big Tech ,
Competition ,
Enforcement Actions ,
Enforcement Priorities ,
EU ,
Federal Trade Commission (FTC) ,
Foreign Subsidies ,
Merger Controls ,
Merger Reviews ,
Mergers ,
Popular ,
Regulatory Agenda ,
Regulatory Requirements ,
Trump Administration ,
UK ,
UK Competition and Markets Authority (CMA) ,
Vertical Mergers
IN THIS JANUARY 2025 ISSUE -
In the fourth quarter of 2024, US antitrust regulators continued their rigorous scrutiny of mergers and acquisitions. The US Department of Justice (DOJ), under the leadership of the outgoing...more
On October 24, 2024, the European Court of Justice (ECJ) confirmed the annulment by the General Court (GC) of the European Commission’s (EC) decision to impose a EUR 1.06 billion fine on Intel for the abuse of a dominant...more
The Private Markets Update highlights key developments emerging from private markets across Europe, the UK and the United States, exploring the cross-border issues that matter to investors and sponsors in alternative assets. ...more
10/16/2024
/ Acquisitions ,
Artificial Intelligence ,
Capital Markets ,
Cross-Border ,
EU ,
EUMR ,
Financial Conduct Authority (FCA) ,
Greenwashing ,
Healthcare ,
Investment ,
Investment Management ,
Investors ,
Life Sciences ,
Mergers ,
Private Equity ,
Regulatory Agenda ,
Regulatory Requirements ,
UK ,
United States
In a spectacular turn, on September 3, 2024, the Court of Justice (CJEU), constituted as the grand chamber, overturned the ruling of the General Court (GC) and annulled the decision made by the Commission to accept requests...more
9/3/2024
/ Court of Justice of the European Union (CJEU) ,
Digital Markets Strategy ,
EFTA ,
EU ,
EUMR ,
European Commission ,
Legal Costs ,
Member State ,
Merger Controls ,
New Regulations ,
Treaty on the Functioning of the European Union (TFEU)
UNITED STATES -
- Agencies Revisiting Consummated Mergers -
What’s old is new again, as agencies are increasingly scrutinizing consummated mergers from years past. In May 2024, the US Department of Justice (DOJ), Antitrust...more
7/29/2024
/ Acquisitions ,
Antitrust Division ,
Competition ,
Department of Health and Human Services (HHS) ,
Department of Justice (DOJ) ,
Energy Sector ,
EU ,
EUMR ,
Federal Trade Commission (FTC) ,
Mergers ,
Oil & Gas ,
Popular ,
Request For Information ,
UK ,
UK Competition and Markets Authority (CMA)
In a significant development for French merger control, on May 2, 2024 the French Competition Authority applied the jurisprudence laid down in the recent Towercast case to an alleged anti-competitive agreement matter in the...more
UNITED STATES -
New Merger Guidelines Deployed -
The 2023 Merger Guidelines are a non-binding statement that provides clarity on aspects of federal agencies’ deliberations and enforcement practices undertaken in...more
5/3/2024
/ Acquisitions ,
Artificial Intelligence ,
Department of Justice (DOJ) ,
Emerging Technologies ,
EU ,
Federal Trade Commission (FTC) ,
Foreign Investment ,
Healthcare ,
Horizontal Merger Guidelines ,
Merger Controls ,
Mergers ,
Private Equity ,
UK ,
Vertical Mergers
IN THIS FEBRUARY 2024 ISSUE -
UNITED STATES -
New Merger Guidelines Released -
The US Federal Trade Commission (FTC) and US Department of Justice Antitrust Division (DOJ) issued their updated Merger Guidelines on...more
2/14/2024
/ Acquisitions ,
Antitrust Division ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
EUMR ,
European Commission ,
Federal Trade Commission (FTC) ,
Mergers ,
Pharmaceutical Industry ,
Treaty on the Functioning of the European Union (TFEU) ,
Vertical Mergers
マクダーモット・インターナショナル・セミナーは、おかげさまで皆様よりご好評をいただき、11回目となるセミナーを東京で開催することが決定いたしました。
本セミナーでは、オースティン、ブリュッセル、ロンドン、ミュンヘン、パリ、サンフランシスコ、ワシントンD.C.の各オフィスの、ビジネス法務の第一線で活躍する経験豊富な弁護士が、日本の企業や法律事務所の皆様に向けて、米国・欧州における法律および実務の重要トピックスに関する最新動向をご提供いたします...more
1/8/2024
/ Antitrust Provisions ,
Artificial Intelligence ,
Best Practices ,
CFIUS ,
Competition ,
Continuing Legal Education ,
Cross-Border Transactions ,
Cybersecurity ,
Data Privacy ,
European Commission ,
Events ,
Foreign Direct Investment ,
Foreign Investment ,
Intellectual Property Protection ,
National Security ,
Supply Chain ,
UK Competition and Markets Authority (CMA)
In this dynamic global landscape, investors have always been required to make savvy, smart choices. This requires navigating through the intricate web of bilateral treaty protection, exploring the vital role these agreements...more
12/20/2023
/ Acquisitions ,
Bilateral Investment Treaties ,
Buyers ,
Carve Out Provisions ,
Cross-Border Transactions ,
Energy Sector ,
EU ,
Financial Regulatory Reform ,
Foreign Investment ,
Foreign Subsidiaries ,
Foreign Subsidies ,
Healthcare ,
Hedging ,
International Trade ,
Investment ,
Investors ,
Jurisdiction ,
Life Sciences ,
Mergers ,
Regulatory Agenda ,
Sellers ,
Sports ,
Technology Sector ,
UK