Nissim Massarano is a senior associate at Clifford Chance, based in London. He advises in all aspects of EU and UK competition law. This includes advising companies on the merger control aspects of M&A transactions, cartel and abuse of market power investigations, appeals to CMA decisions, the application of foreign investment and national security regimes, market studies and investigations, State aid and subsidy control, commercial arrangements, and competition law compliance. Nissim advises clients across a wide range of industries, with a focus on the pharmaceutical, consumer goods, and infrastructure sectors.
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On 13 November 2023, the UK Government launched a "Call for Evidence" on whether there should be updates to the UK National Security and Investment Act ("NSIA") regime (the press release is here). For the most part, the Call for Evidence indicates a desire to reduce the scope of the regime, as (...)
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In the first case heard by the UK’s Competition Appeal Tribunal (CAT) under the Subsidy Control Act 2022 (SCA), the CAT has thrown into doubt the notion of "cross-subsidisation" and has shown itself willing to take its own UK-focussed approach to subsidy control law. Under the SCA, a person (...)
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On 11 July 2023, the UK’s Investment Security Unit ("ISU") released its annual report on the operation of the UK National Security and Investment ("NSIA") regime for the period covering 1 April 2022 – 31 March 2023 (here). The Annual Report provides aggregated data on the operation of the (...)
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From 4 January 2023, certain UK subsidies must be notified to the Competition and Market Authority’s Subsidy Advice Unit, and subsidy decisions by UK public authorities can be appealed to the UK’s Competition Appeal Tribunal. On 20 October 2022, the UK Government announced (related article) (...)
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Background In November 2020, the CMA issued a Decision against CTM and imposed a c. £18m penalty. The Decision took issue with contractual obligations known as wide most favoured nation clauses (wide MFNs), which were imposed by CTM in its agreements with certain home insurers. These clauses (...)
