ARTICLE
28 March 2020

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

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
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
A&O Shearman are most popular:
  • within Consumer Protection, Insolvency/Bankruptcy/Re-Structuring and Insurance topic(s)

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