In May 2025, the Commission launched a wide-ranging public consultation on possible reforms to its merger guidelines.[1] The consultation covers seven core topics that underpin how the Commission assesses the competitive impact of mergers.
Antitrust Review Episode 46: In Conversation With Guillaume Loriot
In our latest Antitrust Review podcast, host Nick Levy is joined by Guillaume Loriot, the EC’s Head of Mergers. Their
Antitrust Review Episode 45: In Conversation With Jorge Padilla, Neil Dryden, Ethel Fonseca, Katie Curry & Chris Cook
In the latest instalment of our Antitrust Review podcast, host Nick Levy is joined by a group of economists and
Antitrust Review Episode 44: In Conversation With Olivier Guersent
In the latest instalment of our Antitrust Review podcast, host Nick Levy is joined by Olivier Guersent, Director General of
Delivery Hero and Glovo Cartel EU Fine Delivers Warning About Antitrust Risks of Holding Minority Stake in a Rival
On June 2, 2025, the Commission fined Delivery Hero and Glovo €329 million for a cartel in the online food delivery sector. During Delivery Hero’s non-controlling minority shareholding in Glovo from 2018 to 2022, the parties (1) agreed not to poach each other’s employees; (2) divided national markets among themselves, and (3) exchanged commercially sensitive information.[1]
Antitrust Review Episode 43: In Conversation With Cani Fernández
In the latest instalment of our Antitrust Review podcast, host Nick Levy is joined by Cani Fernández, President of the
The European Commission Launches Wide-Ranging Review of EU Merger Guidelines
On May 8, 2025, the European Commission (the “EC”) launched a public consultation on the EU Merger Guidelines (together, the “Guidelines”), which describe the framework applied by the EC to assess the competitive impact of horizontal and non-horizontal mergers (the “Consultation”).[1] The Consultation responds to the Draghi Report’s call for “more forward-looking and agile” EU merger control that takes greater account of innovation and future competition in assessing mergers.[2]
Further Scrutiny of Below-Threshold Transactions in Europe: Dutch Consider “Call In” Powers Amid First Investigation of Non-Reportable Transaction Under Antitrust Provisions
On March 18, 2025, a legislative proposal was opened for consultation that, if enacted, would enable the Dutch Authority for Consumers and Markets (“ACM”) to “call in” transactions that currently do not meet notification thresholds for merger review.[1] The Proposal follows calls by the ACM for expanded authority and coincides with its first investigation into whether a below-threshold transaction violated antitrust law.
MOFCOM Issues Final Determination on Trade and Investment Barrier Investigation into the EU’s Foreign Subsidies Regulation
On January 9, 2025, the Ministry of Commerce of the People’s Republic of China (“MOFCOM”) released its decision in a trade and investment barrier investigation into the European Union’s Foreign Subsidies Regulation (“FSR”).
EU Consults on Foreign Subsidies Regulation Guidelines
On March 5, 2025, the European Commission (EC) launched a public consultation on the EU Foreign Subsidies Regulation (FSR). The consultation will run to April 2, 2025.