On 23 December 2022, the EU published the final text of its new regime to fight foreign subsidies distorting the internal market. The so-called Foreign Subsidies Regulation targets foreign-subsidised M&A transactions, but also any kind of foreign-subsidised activity affecting EU markets, including the bidding for public contracts in the EU, and complements existing EU antitrust
Antitrust and Competition Report
Analysis & insights from Reed Smith's Global Antitrust and Competition Team on the latest antitrust developments across the world
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What do you need to know about national security and investment notifications?
According to a recent report issued by the department of Business, Energy and Industrial Strategy (BEIS), the Investment Security Unit (ISU) received 222 notifications in the first three months of the UK’s new National Security and Investment Act 2021 (NSIA) coming into force. Of these notifications, 17 were called in for further assessment.
This report…
What does the CMA’s response to DCMS pro-innovation approach mean in practice?
The Competition & Markets Authority (‘CMA’) recently published its response to the Department for Digital, Culture, Media & Sport’s (‘DCMS’) policy paper on establishing a pro-innovation approach to regulating artificial intelligence (AI) on 29 September 2022. This response corresponds with the new National Security & Investment Act 2021 coming into force. The National Security &…
What should we expect from the UK Government in terms of competition and consumer protection law reforms?
A summary of the UK Government’s proposed competition and consumer protection law reforms.…
FTC reevaluates merger filing rules
The Federal Trade Commission’s (FTC) Bureau of Competition has issued new guidance relating to the merger filing process. Effective September 27, 2021, the FTC will recommend enforcement action for companies that fail to include debt to be paid at closing in calculating the transaction value for purposes of the HSR Act. With the risk of…
EC imposes €875 million cartel fine for jeopardising the EU’s Green Deal and sustainability goals
In our latest client alert, we discuss the significance of the European Commission’s recent decision and explain the practical implications for EU antitrust enforcement and businesses.
Radical new UK regulatory regime proposed for big tech
On 20 July 2021, the UK government announced a consultation, titled “A new pro-competition regime for digital markets” (the Consultation), which proposes a number of radical changes that would introduce a new regulatory regime applying to the largest digital platforms operating in the UK.
The proposals include formally establishing a Digital Markets Unit…
What do businesses need to know about proposed changes to UK competition and consumer laws?
On 20 July 2021 the Secretary of State for Business, Energy and Industrial Strategy (BEIS) published a consultation, which proposes a number of potentially far-reaching changes to competition and consumer law and policy.
The proposed reforms set out in the consultation, Reforming Competition and Consumer Policy: Driving growth and delivering competitive markets that work for…
Stronger antitrust enforcement on non-compete agreements may be on the horizon
The Biden administration’s extensive Executive Order (EO) Promoting Competition in the American Economy encourages federal agencies to restrict the “unfair use” of non-compete clauses (and similar restrictive agreements) that “may unfairly limit worker mobility.” While the EO doesn’t signal any immediate changes to current non-compete agreement or U.S. antitrust laws, we could expect added scrutiny…
What should transportation and logistics companies know about greenwashing?
As consumers demand more eco-friendly products and services, many companies are scrambling to prove their green credentials. Transportation and logistics companies are no different, seeking to provide more environmental-friendly means of transportation for goods and trying to source green suppliers. However it is vital that companies tread carefully and do not embellish the truth when…