ARTICLE
28 March 2020

All Change? UK State Aid After Brexit What Law? Whose Courts

SS
Shearman & Sterling LLP

Contributor

Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
The paper outlines how the EU regards State aid control as critically important – not just to control subsidization but as one of the few executive powers available to the Commission.
United Kingdom Antitrust/Competition Law

Partner James Webber (London-Antitrust) authored a paper entitled "All Change? UK State Aid after Brexit What Law? Whose Courts." The paper outlines how the EU regards State aid control as critically important – not just to control subsidization but as one of the few executive powers available to the Commission. James outlines how a new solution is needed that "respects the sovereignty of the United Kingdom and the autonomy of the Union" while being properly focused on "prevent[ing] undue distortion of trade and competition" as agreed in the Political Declaration. James explains that the coming dispute over State aid rules can be resolved. A new system of U.K. subsidy control, which provides a genuine "level playing field" can be designed using the WTO SCM Agreement as a starting point and which does not require the U.K. to sign up to EU law or jurisdiction.

Read "All Change? UK State Aid after Brexit What Law? Whose Courts."

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More