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In Antitrust / Competition

United Kingdom: New subsidy control regime

by , and 3 Mins Read

Since the end of the Brexit transition period on 31 December 2020, there has been significant uncertainty regarding the practical application of the UK’s international commitments on subsidy control. However, on 30 June 2021, the Government outlined its main legislative proposals for a new UK subsidy control regime. It introduced its long-awaited Subsidy Control Bill to Parliament, published a number of policy papers and provided a response to the public consultation that ran from 3 February to 31 March this year.

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In Antitrust / Competition

United States: Providing Perspective on President Biden’s Executive Order on Promoting Competition in the American Economy (Video Chat)

by , , and 1 Min Read

In this Quick Chat video, Baker McKenzie’s Labor and Employment, Trade Secrets and Antitrust lawyers explore the impact on employers of the severe limitations on post-employment noncompete restrictions outlined in President Biden’s Executive Order on Promoting Competition in the American Economy and the supporting Fact Sheet.

In Antitrust / Competition

EU: Here comes the money – 12 EU countries ready to receive and spend ERP funding

by , and 5 Mins Read

On 13 July 2021, the EU Council of Ministers approved the national recovery and resilience plans (RRPs) of 12 Member States. This means that Austria, Belgium, Denmark, France, Germany, Greece, Italy, Latvia, Luxembourg, Portugal, Slovakia and Spain are now able to tap into the EU recovery and resilience funding. This will allow them to start spending the money on projects and reforms for national economic recovery and resilience, as well as the green transition and digital transformation.

In Antitrust / Competition

Singapore: CCCS consults on proposed amendments to calculation of financial penalties guidelines

by and 4 Mins Read

The Competition and Consumer Commission of Singapore (CCCS) commenced public consultation on its proposed amendments to the Guidelines on the Appropriate Amount of Penalty in Competition Cases (“Penalty Guidelines”) on 16 July 2021. The proposed amendments clarify the CCCS’s policy position on the treatment of undertakings that did not play a leader, instigator or proactive participant role in an infringement; and illustrate when “substantially limited involvement” by an undertaking in an infringement of the section 34 prohibition under the Competition Act (Cap 50b) (“Act”) would amount to a mitigating factor. The closing date for public consultation submissions is 5 August 2021.

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In Antitrust / Competition

United States: President Biden Issues Executive Order Encouraging Curtailing of Post-employment Noncompetes

by , , and 14 Mins Read

On 9 July 2021, President Biden issued his Executive Order on Promoting Competition in the American Economy (EO) (Fact Sheet here) signaling support for severe limitation of post-employment noncompete restrictions–a move likely to add fuel to the fire of states passing laws to limit the use of post-employment noncompetes.

In Antitrust / Competition

President Biden Issues Executive Order to Promote Vigorous Antitrust Enforcement in Key Markets

by , , , and 7 Mins Read

On 9 July 2021, President Joe Biden issued an Executive Order (“Order”) and a supporting Fact Sheet announcing 72 initiatives to increase vigorous antitrust enforcement. The Order sets competition-law priorities for the Federal Trade Commission (FTC), the US Department of Justice (DOJ), and more than a dozen other federal agencies coordinated through a new White House Competition Council.

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In Anti-Corruption

Global: Virtual Annual Compliance Conference, September-October 2021

by 2 Mins Read

Following the successful launch of our inaugural virtual Annual Compliance Conference in 2020, we will return this year in a virtual format to deliver our cutting-edge insights and guidance on key global compliance issues, as businesses and enforcement agencies transition to a new post-pandemic global compliance and investigations landscape across five weeks from 6 September – 8 October.

In Antitrust / Competition

China Employment Law Update – July 2021

by , and 1 Min Read

In this issue:
• Amendment to Work Safety Law issued
• Shenzhen issues electronic employment contract dispute settlement rules
• Guangdong High People’s Court publishes 10 typical labor dispute cases
• Jiangsu High People’s Court provides guidance on typical employment cases in Jiangsu Province
• Shenzhen releases Q&A on employment issues relating to COVID-19
• Suzhou Intermediate People’s Court publishes guidance on typical cases involving post-termination non-competition restrictions
• Shanghai High People’s Court rules cessation of employment legal when employee reaches statutory retirement age
• Beijing court requires general manager to return salaries due to false background information

In Antitrust / Competition

United States: President Biden issues Executive Order encouraging curtailing of post-employment noncompetes

by , , and 14 Mins Read

On 9 July 2021, President Biden issued his Executive Order on Promoting Competition in the American Economy (EO) signaling support for severe limitation of post-employment noncompete restrictions–a move likely to add fuel to the fire of states passing laws to limit the use of post-employment noncompetes.

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