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UK CMA publishes AI Foundation Models update paper

The UK Competition and Markets Authority (“CMA”) has published an “Update Paper” outlining its evolving views on AI foundation models as well as its approach to supporting Government consideration on possible regulation. This...more

Foreign Direct Investment (FDI) – Global Legal Guide

The increasing number and complexity of foreign direct investment (FDI) screening regimes requires careful navigation when planning and executing global M&A transactions, as well as greenfield cross-border investments. In...more

Blocked: UK Government uses new powers to block deal raising national

The UK Government this week prohibited the acquisition of intellectual property owned by University of Manchester by a Chinese company – marking the first time the UK Government has exercised its powers to block a transaction...more

National Security and Investment Act: first Annual Report published

The UK Government has published its first Annual Report on the functioning of the recently implemented National Security and Investment regime, which gives the Government the power to scrutinise certain acquisitions and...more

‘A sign of the fines’ – CMA imposes record fine for breaches of IEO

The CMA has imposed a record fine on an Irish trading software supplier for alleged breaches of a ‘hold separate order’ in relation to the completed purchase of a US rival. This is the latest instance in a string of fines...more

Proposed UK competition law reforms – ‘he ain’t heavy, he’s my micro-economic sibling’

In what could herald the most significant changes to the UK competition regime in 25 years, the UK Government has announced a series of proposed reforms to UK competition law enforcement. The stated aims of the reforms are...more

UK National Security and Investment - now is the time to Act

The UK’s much publicised National Security and Investment Bill has now been granted Royal Assent – passing into law an Act which will significantly affect the way investments in the UK can be reviewed by the Government where...more

Strengthening the defences: the new UK national security investment screening regime

A new National Security and Investment Bill laid before the UK Parliament this week will, on enactment, significantly affect the way investments in the UK can be reviewed by the UK Government where they raise national...more

UK merger control: Public health emergencies and foreign takeover scrutiny

New measures, announced on 21 June 2020, will allow the UK Government to intervene in relation to transactions involving businesses with "critical capabilities" to help combat public health emergencies, such as...more

European Court of Justice upholds European Commission's €20 million 'double' fine for gun-jumping merger control clearance

Norwegian salmon farmer Marine Harvest has been unsuccessful in its appeal to the Court of Justice of the European Union (CJEU) regarding substantial and separate fines imposed on it by the European Commission for both...more

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