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Competition and Regulatory Newsletter: Another instalment in the saga surrounding excessive pricing of drugs: Court of Appeal allows appeals in long-running ‘Phenytoin’ litigation On 19 June 2026, the Court of Appeal (CoA) ruled that the Competition Appeal Tribunal (CAT) was wrong to set aside the decision of the Competition and Markets Authority (CMA) in relation to its long-running investigation into the pricing of phenytoin (an...
The International Comparative Legal Guide to Fintech 2026 The International Comparative Legal Guide to Fintech 2026 provides an overview of the key legal and regulatory issues affecting the fintech sector across leading jurisdictions. The International Comparative Legal Guide to Fintech 2026 provides an overview...
The expanding reach of Article 102: Key rulings from the European Court of Justice and their implications for dominant undertakings The last two years have seen a series of landmark rulings from the European Court of Justice (CJ) in seminal Article 102 cases, including Google Shopping, Android Auto and most recently Google Android. Ostensibly clarifying some of the most contentious...
Closed-ended investment funds: FCA consults on targeted changes to the Listing Rules The FCA has published a consultation paper setting out proposed changes to the UK Listing Rules applicable to closed-ended investment funds (investment trusts). The changes are principally designed to help strengthen the protections for minority investors...
Employment Bulletin - July 2026 Topics covered in this bulletin: Employment Rights Act 2025 – further changes to trade union law; Simplification of process for granting EMI options; Six-month non-compete restriction was too wide to be enforceable; Pub not vicariously liable for actions...
Three years in: EU Foreign Subsidy Regime in review European Commission publishes its three-year review of the operation of the Foreign Subsidies Regulation The EU’s Foreign Subsidies Regulation (the FSR), which came into force in January 2023, aims to address distortions in the EU internal market caused...
Power and place: A regulatory guide to data centre developments in Europe Data centres have become foundational infrastructure for the global economy. The sector is attracting investment at a scale and pace without modern precedent.
Navigating the EU Foreign Subsidies Regulation: Ten practical points for Chinese companies investing in the EU Chinese companies, whether private or State-owned, investing in the European Union (EU) face increasing scrutiny under the Foreign Subsidies Regulation (FSR), reflecting growing European Commission (EC) attention to State-linked financing amidst wider...
Tax and the city - July 2026 In this month's edition, Mike Lane and Zoe Andrews share their pick of recent tax updates and developments. We cover the following: the Supreme Court’s decision in HFFX that deferred payments allocated to individual members by a corporate member of an...
The UK captive insurance regime proposals: implications for the Insurance sector The PRA and FCA have each published proposals for a new tailored regime for UK captive insurers. These consultations follow on from the earlier HM Treasury consultation on the introduction of a captive insurance regime. The current consultations are open...
Beyond the OSA/DSA: Age Assurance as a Data Privacy Obligation Incoming social media bans and ongoing OSA and DSA actions in the UK and EU are shining a spotlight on the age assurance compliance of in-scope organisations. However, the data protection regime requires a much larger range of organisations to implement...
Stretching the pitch: the ROGON judgment and the bounds of competition law What are the limits of a sporting body’s ability to regulate economic activity off-the-pitch under EU competition law? That was one of the questions facing the European Court of Justice (CJ) in the recent case of ROGON, which concerned regulations adopted...
Competition and Regulatory Newsletter: European Commission accepts commitments from SAP to address concerns relating to aftermarket practices On 9 July 2026, the European Commission announced that it has accepted commitments from SAP addressing the Commission’s preliminary competition concerns that SAP’s conduct relating to aftermarket support services breached competition rules. On 9 July 2026...
Digitisation of shares in UK traded companies: DEMAT publishes implementation plan The Dematerialisation Market Action Taskforce (DEMAT) has published a report setting out the steps that need to be taken to remove paper share certificates for UK-traded shares – i.e. shares in UK-incorporated companies that are admitted to trading on a...
Competition Law in the Digital Age - July 2026 Our Competition Law in the Digital Age newsletter is intended to provide insights on modern-day competition law developments in a bite-sized format. This edition covers the EC’s Digital Omnibus and DMA review, the CJEU’s Dutch app store judgment, the...