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UK Blocks Transfer of Graphene Assets on National Security Grounds

On 20 August, the UK government issued a Final Order under Section 26 of the National Security and Investment Act 2021 (NSIA) blocking a proposed joint venture between Versarien plc (Versarien) and Anhui Boundary Innovative...more

From Burden to Balance: UK Moves to Streamline NSIA Regime

On 22 July 2025, the UK Cabinet Office announced a package of proposed reforms to the National Security and Investment Act (NSIA) 2021 aimed at streamlining the regime and easing the burden facing businesses who trigger NSIA...more

Is Coordination Between Competitors Sustainable Under EU Antitrust Law?

Many expected EU Commissioner Teresa Ribera, whose remit extends to enforcing competition law and implementing the goals of the European Green Deal, to be proactive in managing the coordination between competitors through...more

The FSR Frontier: Foreign Subsidy Scrutiny on Both Sides of the Atlantic

Regulators around the world are concerned with foreign subsidies. In the United States, on 10 October 2024, the Federal Trade Commission voted 5–0 to adopt new rules under the Hart-Scott-Rodino (“HSR”) Antitrust Improvements...more

Regulatory Alignment: EU and U.K. Conclude Technical Negotiations for Future Competition Cooperation

On 29 October 2024, the U.K. Government and the European Union formally concluded a technical negotiation in relation to cooperation between the U.K. and the EU with respect to competition investigations (the Cooperation...more

A “special merger control regime” for Energy Network Enterprises

What has changed? The Energy Act 2023 introduces a new UK merger control regime under which all mergers between energy network companies active in the UK can be assessed for their impact on Ofgem’s ability to make comparisons...more

New Regulatory Era for English Football

On March 19, 2024, the U.K. government proposed legislation, known as the “Football Governance Bill”, which will introduce a new Independent Football Regulator (“IFR”). In short, and subject to ongoing Parliamentary debate,...more

Minority Stakes — Beware of UK National Security Risks

The U.K. Government’s recent conditional approval of a minority investment (coupled with a commercial arrangement) by Emirates Telecommunications Group Co. PJSC (“e&”) (majority owned by the UAE Government) over Vodafone...more

U.K. Investment Screening Powers Under Review

On 13 November 2023, the U.K.’s Deputy Prime Minister, Oliver Dowden, announced a Call for Evidence in relation to the current construct and application of the U.K.’s existing national security powers contained in the...more

Dealmakers Beware of a New Regulatory Hurdle: the European Foreign Subsidies Regulation is Here

Companies looking at M&A deals with an EU exposure, or preparing to respond to an EU public tender, will face a new regulatory constraint as the European Commission has enacted its long awaited (and criticised) Foreign...more

OFAC-OFSI Enhanced Working Partnership

On 17 October 2022, the respective directors of the United Kingdom’s Office of Financial Sanctions Implementation (“OFSI”) and the United States’ Department of the Treasury Office of Foreign Assets Control (“OFAC”), Giles...more

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