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Client Alerts 69 results

Client Alert | 11 min read | 06.08.26

New EU Foreign Direct Investment Screening Regulation Falls Short Of Remedying Fragmentation Of National Screening Mechanisms

On June 8, 2026, a new EU regulation was adopted to replace the 2019 Foreign Direct Investment (FDI) Screening Regulation. The new regulation requires all Member States to establish a screening mechanism for inbound FDI. It also defines a mandatory minimum sectoral scope, expands coverage to investments by foreign investors’ EU subsidiaries, and improves coordination between Member States and the Commission.
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Client Alert | 3 min read | 06.03.26

Important EU Court Judgment Clarifies Rules on Interest Due in Cartel Damages Cases

In a judgment that will have direct and immediate consequences, the Court of Justice of the European Union (CJEU) has clarified that for all competition damages actions brought after 26 December 2014, interest runs from the date on which the harm occurred. The ruling addressed two important questions: (1) whether national provisions implementing Article 3(2) of the EU Damages Directive — which requires interest to run from the date harm occurred —apply to cases in which the harm preceded the adoption of those provisions; and (2) how the date of harm should be determined in cartel cases involving the purchase of goods at inflated prices.
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Client Alert | 7 min read | 05.21.26

A New Playbook for M&A in the EU: The European Commission's Draft Merger Guidelines - 10 Key Changes

On 30 April 2026, the European Commission published draft merger guidelines that will replace both the 2004 Horizontal Merger Guidelines and the 2008 Non-Horizontal Merger Guidelines, consolidating them into a single analytical framework.
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Client Alert | 4 min read | 05.11.26

New Temporary State Aid Framework Throws A Lifeline To Sectors Hit By The Middle East Crisis

On 29 April 2026, the European Commission adopted the Middle East Crisis Temporary State Aid Framework (METSAF), a temporary framework relaxing the conditions under which EU Member States can support companies in sectors particularly affected by fuel, fertilizer, and electricity price surges driven by the Middle East crisis.
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Client Alert | 10 min read | 04.22.26

The EU Industrial Accelerator Act Proposal’s Significance for the Automotive Industry

On March 4, 2026, the European Commission proposed the Industrial Accelerator Act (IAA), a draft regulation that aims to reverse the decline of the EU’s manufacturing sector while supporting the adoption of cleaner technologies. This client alert is the third in a three-part series dedicated to the IAA. In our first alert, we provided an overview of the draft regulation. In a second alert, we took a closer look at the new foreign direct investment (FDI) review framework that the IAA would establish for certain strategic sectors. In this third and final instalment of the series, we focus on the implications of the proposal for the automotive industry.
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Client Alert | 7 min read | 04.01.26

Proposed EU Industrial Accelerator Act Would Introduce New Conditions for Foreign Direct Investments in Strategic Sectors

On March 4, 2026, the European Commission proposed the Industrial Accelerator Act (IAA), a draft regulation that aims to reverse the decline of the EU’s manufacturing sector while supporting the adoption of cleaner technologies. This client alert is the second in a three-part series dedicated to the IAA. In our first alert we provided an overview of the draft regulation. In this second alert, we take a closer look at the new foreign direct investment (FDI) review framework that the IAA would establish for certain strategic sectors.
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Client Alert | 9 min read | 03.18.26

The Belgian Competition Authority's 2026 Priorities: What In-House Counsel Need to Know

The BCA 2026 Priorities Paper sets out the sectors in which the authority will exercise particular vigilance, and outlines its strategic policy priorities for the year, including the development and deployment of its enforcement instruments. For in-house counsel, the document is an important roadmap: it signals where investigations are most likely to originate, what new tools the BCA is acquiring, and which compliance initiatives deserve immediate attention. The most prominent change in the 2026 paper is the replacement of the construction sector, considered a priority sector in 2025, with sport, media and entertainment.
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Client Alert | 9 min read | 03.16.26

Proposed EU Industrial Accelerator Act Aims to Shore Up Declining EU Manufacturing Sector

On March 4, 2026, the European Commission proposed the Industrial Accelerator Act (IAA), a draft regulation that aims to reverse the decline of the EU’s manufacturing sector while supporting the adoption of cleaner technologies. The proposal introduces “Made in EU” and low-carbon requirements in public procurement and public support schemes, to create lead markets for European industrial products. The proposal also seeks to increase value creation in the EU and bolster the EU’s economic security by setting conditions for major foreign direct investments (FDI) in strategic sectors.
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Client Alert | 9 min read | 02.12.26

European Commission Publishes Guidelines on Foreign Subsidies Regulation: What Businesses Need to Know

On 9 January 2026, the European Commission published its Guidelines on the application of Regulation (EU) 2022/2560, also known as the Foreign Subsidies Regulation (FSR).
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Client Alert | 5 min read | 11.05.25

The EU’s Defense Readiness Roadmap and Omnibus: What Are the Competition Law Implications?

As part of a comprehensive plan to ensure that EU Member States achieve “defense readiness” by 2030, the European Commission has proposed a package of measures to facilitate public and private investments in defense by simplifying legal frameworks relevant to defense. In a previous alert, we provided an overview of the Defense Readiness Omnibus and examined its implications for defense procurement. In this alert, we focus on its implications for the enforcement of competition law.
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Client Alert | 9 min read | 10.23.25

The EU’s Defense Readiness Roadmap and Omnibus: What are the Implications for Defense Procurement?

On October 16, 2025, the European Commission and the High Representative of the Union for Foreign Affairs and Security Policy presented their Defense Readiness Roadmap 2030 to the EU Member States. This comprehensive plan aims to strengthen European defense capabilities. It follows, and should be read together with, the Commission’s Defense Readiness Omnibus that was published in June 2025. The Omnibus contains a set of proposals to facilitate defense investments and boost EU Member States’ responsiveness to today’s security challenges.
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Client Alert | 8 min read | 09.11.25

One Year After Illumina/Grail – How Are EU Competition Authorities Now Dealing With Below-Threshold Mergers

About one year ago, the European Court of Justice (CJEU) ruled in its landmark Illumina/Grail judgment that the European Commission could not accept merger referrals from national competition authorities under Article 22 of the EU Merger Regulation (EUMR) unless those authorities had jurisdiction to review the transaction themselves (see our previous alert).
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Client Alert | 8 min read | 07.15.25

Fueling The Future: Understanding The EU’s Clean Industrial Deal State Aid Framework (CISAF)

On June 25, 2025, the European Commission adopted a new framework that simplifies EU State aid rules to make it easier for Member States to support the development of clean energy, industrial decarbonization and clean technology. This Clean Industrial Deal State Aid Framework (CISAF) will be in place until December 31, 2030 and replaces the Temporary Crisis and Transition Framework (TCTF), which was introduced in March 2023 to address the economic impact of the war in Ukraine and reduce the EU’s dependence on imported fossil fuels.
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Client Alert | 4 min read | 07.14.25

The European Commission issues competition guidance in the transport sector

On July 9, 2025, the Directorate-General for Competition within the European Commission issued two informal guidance letters, both intended to bring increased clarity on competition law compliance to companies in the transport sector.
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Client Alert | 10 min read | 05.13.25

The Belgian Competition Authority Steps Up Its Merger Control and Cartel Enforcement Activities

Under its new leadership, the Belgian Competition Authority (BCA) has stepped up its enforcement activities and launched a number of initiatives and investigations that put it at the forefront of competition law developments in the European Union.
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Client Alert | 9 min read | 03.18.25

The European Commission’s Clean Industrial Deal: Reconciling Competitiveness and Decarbonization

On February 26, the European Commission presented its Clean Industrial Deal (CID). As a follow-up to the European Green Deal, the CID aims to strengthen the competitiveness of European industry while at the same time accelerating the decarbonization of the economy.
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Client Alert | 5 min read | 03.11.25

European Commission Unveils Plan To Boost Europe’s Automotive Industry

On March 5, 2025, the European Commission presented a comprehensive Action Plan to boost the global competitiveness of the European Union’s automotive industry and support its transition to zero-emission, connected, and automated vehicles.
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Client Alert | 7 min read | 02.04.25

FIFA’s Football Transfer Rules Get Red Card From EU Top Court

On October 4, 2024, the Court of Justice of the EU (CJEU) ruled in the Diarra case that the transfer rules of the Fédération Internationale Football Association (FIFA) regarding the termination of player contracts without just cause were incompatible with EU internal market and competition laws. Following this landmark ruling, FIFA published temporary changes to its transfer rules on December 23, 2024. This judgment could have a significant impact on the economic model for football in Europe, and on the balance of power both between clubs, and between clubs and their players.
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Client Alert | 10 min read | 12.03.24

The EU Foreign Subsidies Regulation One Year On: An Effective Tool or Just More Red Tape?

Just over a year ago, the notification obligations under the EU Foreign Subsidies Regulation (FSR) became applicable. Since then, M&A transactions and bids for government contracts above certain thresholds must be notified to the European Commission. Pending the Commission’s review, the transaction cannot be completed, or the contract cannot be awarded. What lessons can be learned from the application of the FSR to date? Has the FSR proved to be an effective tool in leveling the playing field, or has its main effect been to burden companies with red tape, at the risk of discouraging investment in Europe?
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Client Alert | 5 min read | 11.05.24

The EU Court of Justice’s Judgment in Illumina/Grail – Has the Killer of “Killer Acquisitions” Been Disarmed?

On September 3, 2024, the EU Court of Justice overturned the first-instance judgment of the EU General Court, which had held that the European Commission could review transactions that fall below EU and Member States' merger control thresholds through referrals by national competition authorities under Article 22 of the EU Merger Regulation (Case C-611/22 P, Illumina v Commission).
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