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Parent Company Liability back in the Supreme Court The English courts have become a popular destination for foreign claimants seeking damages from UK-domiciled parents for the alleged wrongful actions of their overseas subsidiaries. A new judgment from the Supreme Court gives useful guidance on the applic...

Competition & Regulatory Newsletter (10 - 23 February 2021) European Commission fines gaming companies for geo-blocking practices Commission accepts commitments by Aspen to address its excessive pricing On 10 February 2021 the European Commission announced that it had accepted legally binding commitments offered...

Competition & Regulatory Newsletter (27 January - 9 February 2021) European Commission fines gaming companies for geo-blocking practices European Commission fines gaming companies for geo-blocking practices On 20 January 2021 the European Commission announced that it had decided to fine Valve, owner of the online PC ga...

BMW AG v CMA ruling - No extraterritorial effect for CMA's investigatory powers The Competition Appeal Tribunal (CAT) and High Court have issued a single ruling in Bayerische Motoren Werke AG v Competition and Markets Authority [2023] CAT 7 relating to an appeal by BMW AG and an application for judicial review by Volkswagen AG, which...

The Subsidy Control Bill - What you need to know about the UK's proposed new subsidy control regime Following an 8 week consultation on its initial proposals earlier this year, the UK Government has published its response to that consultation together with the much-anticipated Subsidy Control Bill setting out the UK's new subsidy control regime. As par...

The UK's national security bolstered - the National Security and Investment Bill receives Royal Assent The UK National Security and Investment (NS&I) bill - which sets up a new regime for the Government to review transactions involving entities and assets on national security grounds - received Royal Assent last week. The accompanying Government press rele...

Towards a home-grown subsidy regime for the UK As of 1 January 2021, the UK no longer applies the EU State aid rules (except as provided for in the NI Protocol to the EU-UK Withdrawal Agreement) but the EU-UK Trade and Cooperation Agreement (TCA) contains relatively detailed subsidy control commitment...

Northern Ireland Protocol: agreement in principle The co-chairs of the EU-UK Joint Committee stated that, following their meeting on 8 December 2020, agreement in principle had been reached on the outstanding issues in relation to the implementation of the Withdrawal Agreement and the Northern Ireland Pr...

EU-UK trade deal – can we learn from other FTAs between geographic neighbours? What are the comparators for trade agreements between close geographic partners? This briefing takes stock of the current state of negotiations between the UK and EU and considers how such areas of disagreement have been addressed in other free trade ...

Accounting standards equivalence: it doesn't need to be mutual In the non-binding Political Declaration that accompanied the Withdrawal Agreement, the UK and the EU committed, in relation to their respective financial services regulatory frameworks, to “start assessing equivalence with respect to each other under the...