On June 30, 2026, the European Commission published its Staff Working Document (the SWD)[1] accompanying the guidelines on its enforcement of the Foreign Subsidies Regulation (FSR) (the Guidelines)[2] published on January 9, 2026.[3] The SWD sets out the feedback received through various rounds of consultation, and explains how this feedback was taken
Around two years after the 11th Amendment of the German Act Against Restraints of Competition (ARC) came into force, the Federal Ministry of Economic Affairs and Energy (Ministry) published a proposal for a 12th revision of the law (the Draft Bill).[1] The Draft Bill seeks to implement the coalition agreement of the German government
In the latest episode of Cleary Gottlieb’s Antitrust Review podcast, host Nick Levy is joined by Nicolas Petit, Professor of Competition Law at the European University Institute in Florence. Their conversation covers an array of topics, including Europe’s future, the Draghi Report, the purpose of competition law, the EC’s Draft Merger Guidelines, the role of innovation,
In April 2026, the EC launched a consultation on the Draft Merger Guidelines. We submitted our observations last week, which we summarize below.
In the latest episode of Cleary Gottlieb’s Antitrust Review podcast, host Nick Levy is joined by Guillaume Loriot, the EC’s Head of Mergers at GCR Live: Europe. Their conversation covers an array of topics, including the EC’s Draft Merger Guidelines, the Draghi Report, the jurisdictional scope of EU merger control, the role of innovation, international
In the latest episode of Cleary Gottlieb’s Antitrust Review podcast, host Nick Levy is joined by Andreas Mundt, President of the German Federal Cartel Office. Their conversation covers a wide array of topics, including the objectives of competition law, the Draghi Report, merger control, antitrust enforcement, digital regulation, international cooperation, and much more.
Listen below,
On May 25, 2026, the Dutch government prohibited Kyndryl’s proposed acquisition of Solvinity, a Dutch company that operates the digital identification platform (DigiD) used by citizens to access Dutch government services. The decision marks the first prohibition under the Dutch telecom foreign direct investment (FDI) regime.
The European Commission (EC) has published a draft of its long-awaited revision of the Merger Guidelines (Draft Guidelines), combining the 2004 Horizontal Merger Guidelines and 2008 Non-Horizontal Merger Guidelines into a single document that is organized around different theories of harm and endeavors to achieve five principal objectives: (1) to take account of the Draghi
In the latest episode of Cleary Gottlieb’s Antitrust Review podcast, host Nick Levy is joined by a panel of experts to discuss the EC’s draft Merger Guidelines. Sir Philip Lowe, Sir Jonathan Faull, Barbara Moens, Jorge Padilla, Ethel Fonseca, Kirsten Edwards-Warren, Enrique González-Díaz, Anita Magraner Oliver, and Chris Cook discuss a wide array of topics,
On May 5, 2026, the European Commission (the Commission) published its 2025 Report on Competition Policy (the Report). The Report highlights initiatives undertaken during Commissioner Ribera’s first year in office and provides an indication of the direction of enforcement in the coming years. Six takeaways may be identified:
