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Latham & Watkins LLP

European Commission Consults on Draft Foreign Subsidies Regulation Guidelines

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On 18 July 2025, the European Commission (EC) published the draft guidelines on the implementation of the Foreign Subsidies Regulation (FSR Guidelines)....more

White & Case LLP

Healthy returns: European life sciences M&A heats up as sector faces demographic reckoning

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Dealmaking in Europe’s life sciences sector has been relatively muted in recent years, but the first half of 2025 has shown signs of strength as companies respond to the stark realities of an aging population - Earlier this...more

Baker Botts L.L.P.

EU Foreign Subsidies Regulation & M&A: Latest Developments and Implications for Deal Strategy

Baker Botts L.L.P. on

The European Union’s Foreign Subsidies Regulation (“FSR”) has now been in force for over a year, introducing a new layer of regulatory oversight for companies engaging in M&A transactions within the EU. Designed to address...more

WilmerHale

AI and EU Merger Control

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Global investment in AI surged to approximately USD 252 billion in 2024, representing a thirteen-fold increase since 2014. As AI technologies become deeply embedded across key economic sectors such as finance, manufacturing,...more

Baker Botts L.L.P.

Referrals under Article 22 EUMR — Levels of information required to kick off the statutory deadline for referral by an NCA

Baker Botts L.L.P. on

On 2 July 2025, the Court of Justice of the European Union (General Court) clarified that simply "informing" the authorities of a proposed concentration isn’t enough to kick off the 15-working-days time limit under which a...more

Mayer Brown

Europe Daily News, 04 to 07 July 2025

Mayer Brown on

COMPETITION - Action brought on 21 May 2025 - Condor Flugdienst Vs. Commission (Case T-320/25) Re: annulment of Commission Decision C(2024) 4729 final declaring a concentration compatible with the internal market and the...more

Axinn, Veltrop & Harkrider LLP

French Competition Enforcement in the New EU Paradigm

Like in the United States, competition enforcement in Europe is in flux. The European Commission has appointed new leadership (Teresa Ribera) and set new policy directives. While one could not be blamed for focusing all...more

White & Case LLP

Two years of the EU Foreign Subsidies Regulation – what dealmakers need to know

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Two years ago, the FSR arrived as the new kid on the block in Brussels. Today, it is one of the EU's sharpest enforcement tools, and one that is only gaining prominence as geopolitical tensions reshape global investment and...more

Skadden, Arps, Slate, Meagher & Flom LLP

Europe’s Sharpened Focus on Defense Creates M&A and Investment Opportunities

Key Points - - The war in Ukraine has prompted a historic surge in European defense spending. - Governments in the EU and U.K. are stressing the need for innovation. They are increasingly turning to investment in small...more

Baker Botts L.L.P.

European Commission Approves Liberty Media’s Acquisition of MotoGP

Baker Botts L.L.P. on

On 23 June, the European Commission (“Commission”), following a Phase II investigation, unconditionally approved the acquisition by Liberty Media Corporation (“Liberty Media”) of Dorna Sports, S.L. (“Dorna”) (Case M.11539,...more

Cooley LLP

No-Poach Agreements Draw 360 Million Euros in EU Antitrust Fines

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In June 2025, the European Commission (EC) and the French Competition Authority (FCA) took enforcement action against three cartels involving “no-poach” practices – agreements not to hire or solicit rivals’ employees. Five...more

Mayer Brown

Seeing Around Corners: Where Disruption and Antitrust Meet

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“Disruption” is business-speak for innovative companies or technologies that challenge the status quo. Now more than ever, it seems like disruption is a constant theme in today’s business and regulatory environment,...more

McDermott Will & Schulte

Minority Stakes, Major Consequences: Lessons From the Delivery Hero/Glovo Case

On 2 June 2025, the European Commission (the Commission) announced a landmark decision, sanctioning companies for the first time over a standalone “no-poach” cartel agreement. Another key element of the decision was its focus...more

Baker Botts L.L.P.

Labour markets: two EC firsts in EU antitrust enforcement

Baker Botts L.L.P. on

On 2 June 2025, the European Commission fined Delivery Hero and Glovo a total of EUR 329 million for participation in a cartel in the online food delivery sector. Notably, this marks not only the first time the Commission has...more

Wilson Sonsini Goodrich & Rosati

Cartel Facilitated by a Minority Stake in a Competitor Sanctioned by the European Commission

On June 2, 2025, the European Commission (EC) announced that it had fined food delivery companies Delivery Hero and Glovo a total of €329 million for participating in a cartel in the online food delivery sector in violation...more

A&O Shearman

From open door to watchful gatekeeper: Greece adopts a foreign-investment screening mechanism

A&O Shearman on

On May 22, 2025, the Hellenic Parliament passed long-expected legislation to establish Greece’s first national mechanism for the screening of foreign direct investments (FDI) on grounds of national security and public order....more

White & Case LLP

Data with destiny: European AI M&A heats up as the race for dominance intensifies

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With industries embracing this evolving technology, Europe is determined not to be left behind, and dealmakers are paying close attention - Europe’s artificial intelligence industry is gaining traction but has struggled to...more

Alston & Bird

EC’s First In-Depth FSR Merger Decision – Initial Takeaways for Dealmakers

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Our Antitrust Team examines the European Commission’s first conditional merger clearance under the Foreign Subsidies Regulation (FSR) and how it provides key insights into how foreign financial contributions impact...more

Goodwin

Practical Takeaways from the Recently Published EU Foreign Subsidies Decision in Case FS.100011 - e&/PPF

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The European Commission has released the full, non-confidential text of its decision in Case FS.100011 – e&/PPF, marking a watershed moment under the EU Foreign Subsidies Regulation (FSR). This is the first case to be cleared...more

Morgan Lewis

FDI Enforcement Trends in EU, EU Member States, and UK: Q1 2025

Morgan Lewis on

In the first quarter of 2025, the approach of the European Union, EU member states, and the United Kingdom toward foreign direct investment (FDI) reviews continues to be cautious and is increasingly linked to security...more

BCLP

First Decision Published by the Commission Under the FSR

BCLP on

The European Commission finally published, more than 6 months after its adoption, its first decision under the Foreign Subsidies Regulation (“FSR”)....more

Thomas Fox - Compliance Evangelist

Daily Compliance News: April 24, 2025, The Made in Malaysia Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy morning coffee, and listen to the Daily Compliance News. All, from the...more

White & Case LLP

Think you are below the radar? EU competition authorities expand scrutiny of below-threshold M&A deals

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In a merger control environment that has been steadily evolving over the past several years, M&A parties can less and less rely solely on traditional notification thresholds to assess filing obligations and antitrust risk....more

Mayer Brown

Europe Daily News, 15 April 2025

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COMPETITION - Prior notification of a concentration (Case M.11950 - Salling Group / Rimi Baltic) - Non-opposition to a notified concentration (Case M.11899 - SRI / Dunlop Tire Business)...more

Mayer Brown

Europe Daily News, 14 April 2025

Mayer Brown on

COMPETITION - Prior notification of a concentration (Case M.11949 - Invesco / Mitel) - Prior notification of a concentration (Case M.11840 - Sodecia / Huk Holding / HUF Hülsbeck & Fürst / Huf - Industrieverwaltung)...more

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