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Brussels Regulatory Brief: April 2021 | K&L Gates LLP


ANTITRUST AND COMPETITION
The Commission’s New Guidance Creates Legal Uncertainty for Merger Control in the EU
On 26 March 2021, the Commission published a new Guidance on the application of the EU upward case referral system set out in Article 22 of the EUMR. Under the Guidance, EU Member States can now ask the Commission to review certain transactions that do not meet the national or EU merger filing thresholds. This major policy shift will put significant additional burden on dealmakers and increase legal uncertainty for businesses.
The Guidance seeks to address a perceived enforcement gap regarding whether the Commission may be missing the review of certain acquisitions of nascent and/or innovative companies, which do not generate significant turnover but with strong competitive potential (so-called killer acquisitions). Such transactions are unlikely to meet the EU merger filing thresholds and may also escape merger control review at EU Member State level, as na ....

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Ukraine ready for pipeline switch to fuel Europe's hydrogen drive


22 April 2021 13:50 GMT
Updated 
22 April 2021 13:52 GMT
in 
Moscow
Ukraine s state gas pipeline operator is ready to join an ambitious hydrogen-focused initiative that would see it convert its existing gas pipelines as well as building new lines as European countries increasingly target carbon-neutral economies.
Operator GTS Ukrainy said it is “talking to other gas pipeline operators to work out technical, regulatory and economic issues” of adapting and upgrading its gas network to transport hydrogen for export in the event it joins the European Hydrogen Backbone.
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United Kingdom , Czech Republic , Baltic Sea , Gabor Szokodi , European Hydrogen Backbone , European Union , United Kingdom National Grid , European Hydrogen , National Grid , Nord Stream , Eastern Europe , Piotr Kus , North Africa , ஒன்றுபட்டது கிஂக்டம் , செக் குடியரசு , பால்டிக் கடல் , ஐரோப்பிய ஹைட்ரஜன் முதுகெலும்பு , ஐரோப்பிய தொழிற்சங்கம் , ஒன்றுபட்டது கிஂக்டம் தேசிய கட்டம் , ஐரோப்பிய ஹைட்ரஜன் , தேசிய கட்டம் , நார்ட் ஸ்ட்ரீம் , கிழக்கு யூரோப் ,

Portugal eyes a hydrogen-fuelled future


th April) joining forces to develop a hydrogen economy in the country.
EIB and the Portuguese Government formalised the pledge by signing a Memorandum of Understanding (MoU) during the
Hydrogen in Society – Bridging the Gaps conference, organised by the Portuguese Presidency of the Council of the European Union.
With the signing of such MoU, Portugal will now play and important role in accelerating the energy transition, as outlined in the European Hydrogen Strategy. Further to this, the agreement will support Portugal’s ambitious environmental objectives set in the 2030 National Energy and Climate Plan.
“I am delighted to sign today this important agreement with the Portuguese Government that aims to accelerate investments in the hydrogen sector in Portugal, said Ricardo Mourinho Félix, EIB’s Vice-President, responsible for the bank’s operations in Portugal. ....

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