Publication
Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Sustainability and Competition Law
Businesses face increasing pressure from their investors, customers, employees, regulators, and other stakeholders to promote their ESG goals in the transition to a more sustainable economy. Many businesses look to effect more impactful changes by addressing systemic issues through collaboration with other participants in their industry. This, however, creates risks that require careful management to avoid running afoul of competition laws.
Many competition enforcers have provided guidance to help companies resolve this tension and encourage lawful collaboration at the industry level, but others have recognized that there is no sustainability exception to antitrust laws and declined to provide guidance to help businesses navigate the intersection of ESG and competition laws. Still others have threatened and even initiated enforcement action against “climate cartels” on theories that sound in antitrust law.
Businesses engaged in ESG and sustainability efforts need to keep up-to-date with the changing enforcement and regulatory landscape, understand the growing body of guidance across jurisdictions, and distinguish the reality from the rhetoric of some enforcers to fully understand their antitrust risks and ensure that they remain compliant with competition laws.
Head of Antitrust and Competition, Europe, Middle East and Asia
Email
ian.giles@nortonrosefulbright.com
Partner
Email
marta.ginerasins@nortonrosefulbright.com
Partner
Email
michaeljuergen.werner@nortonrosefulbright.com
Head of Antitrust and Competition, Asia
Email
marc.waha@nortonrosefulbright.com
Partner, Canadian Head of Antitrust and Competition
Email
chris.hersh@nortonrosefulbright.com
Recent publications
Publication
Singapore High Court finds award issued in breach of natural justice and clarifies when remission of award justified
In Vietnam Oil and Gas Group v Joint Stock Company (Power Machines – ZTL, LMZ, Electrolisa Energomachexport) [2024] SHGH 2024, the Singapore High Court made the rare finding that an arbitral award was issued in breach of natural justice.
Publication
Singapore High Court rejects challenge to unclear award
In Swire Shipping Pte Ltd v Ace Exim Pte Ltd [2024] SGHC 211, the Singapore High Court rejected an application to set aside an arbitration award said to be so "manifestly incoherent" that it demonstrated the parties had not received a fair hearing.
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