2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down...more
On 11 July 2023, the UK government published its second annual report on the operation of the UK’s National Security and Investment (NSI) regime. The report covers the period from 1 April 2022 to 31 March 2023, making it the...more
We finally have sight of the long-awaited Digital Markets, Competition and Consumers Bill. Warning: It is a sizeable and ambitious piece of legislation, but the following is our summary take on the key competition and...more
More than 11 months have passed since the UK’s National Security and Investment Act 2021 (NSI Act) came into force, creating a stand-alone foreign direct investment review system in the UK for transactions in specified...more
On June 16, 2022, the UK government published its first annual report on the operation of the UK’s National Security and Investment (NSI) regime, covering the first three months since the regime came into force on January 4,...more
On January 4, 2022, the UK’s National Security and Investment Act 2021 (NSI Act) is set to come fully into force, with some provisions retroactively applying to November 2020. The NSI Act creates a stand-alone foreign direct...more
On 11 November 2020, the UK Government published its long-awaited National Security and Investment Bill (NSI Bill). The NSI Bill introduces for the first time a new standalone regime for the screening of foreign investments...more
On 24 July 2018, the UK Government published details of its proposed new regime for the scrutiny of foreign investments that may have national security implications. The details are contained in the National Security and...more
Under new measures coming into force on 11 June, the UK government will have greater powers to intervene in mergers that potentially raise national security concerns due to the target's involvement in military and dual-use...more
On 24 April 2018, the European Commission fined multinational telecoms company Altice €124.5 million (c.$150 million) for breaching EU merger control rules by implementing its acquisition of Portuguese telecoms operator PT...more