For the 47 years of membership, the UK has been subject to European competition rules. But since the end of the transition period on the 31 December 2020 this will no longer be the case. While the impact of Brexit on antitrust and merger proceedings will be rather limited, state aid provided by the UK government will no longer be subject to EU state aid rules and the risk of uncoordinated parallel reviews and investigations is eminent.
In light of this reality, cooperation in competition related proceedings and competition policy are required. This has only partly been recognised in the Trade and Cooperation Agreement. How regulatory ambitions, political interests, and a joint interest in cooperation can be balanced, was therefore subject of this policy paper section.
In this session, the authors will present the main takeaways, including their recommendations for establishing a framework for future cooperation between the two parties, and will also touch upon the Trade and Cooperation Agreement.