Shearman & Sterling (London)

Matthew Readings

Shearman & Sterling (London)
Lawyer (Partner)

Matthew Readings is Global Antitrust Practice Group Leader and Head of the London and Brussels Offices. He splits his time between London and Brussels and focuses on EU and UK competition law, including transactional and behavioral/contentious work. Matthew advises a broad range of clients on strategic merger clearance issues, represents clients before the European Commission and the CMA, oversees multi-jurisdictional merger clearance processes in countries throughout the world and has handled complex European Commission and CMA cases including Phase II investigations and remedy cases. He also advises on cartel investigations by the European Commission appeals to the European Courts (where he appears as an advocate) and UK cartel investigations and market studies/investigations by the CMA and sector regulators such as the FCA. He is experienced in private enforcement of antitrust rights in the UK courts. Matthew is recommended in the principal legal directories and teaches EU competition law at Oxford University.

Distinctions

Linked authors

Shearman & Sterling (New York)
Shearman & Sterling (Brussels)
Shearman & Sterling (London)
Shearman & Sterling (Shanghaï)
Shearman & Sterling (Brussels)

Articles

4139 Bulletin

James Webber, Sara Ashall, Matthew Readings, Edward Rarity, Elvira Aliende Rodriguez The UK Government announces long-awaited and extensive reforms to the foreign investment regime

154

On 11 November 2020, the U.K. Government announced long-awaited and extensive reforms to the U.K. foreign investment regime. The reforms proposed are more significant than anticipated and include a mandatory notification regime alongside broader “call-in” powers for the Secretary of State. The (...)

Matthew Readings, James Webber, Sara Ashall The UK Competition Authority publishes a series of regulatory initiatives aimed at online platforms focussed on digital advertising and signals a new path for UK clampdown on big techs due to the current inadequate competition law toolkit

413

On 1 July 2020, the U.K. Competition and Markets Authority (CMA) published a statement outlining a series of regulatory initiatives aimed at Google and Facebook, focussed on digital advertising. This follows the release of the CMA’s report on digital advertising and online platforms the same (...)

Matthew Readings, James Webber, Sara Ashall, Edward Rarity The UK Competition Authority publishes a statement outlining a series of regulatory initiatives aimed at tech giants (Google / Facebook)

65

On 1 July 2020, the U.K. Competition and Markets Authority (CMA) published a statement outlining a series of regulatory initiatives aimed at Google and Facebook, focused on digital advertising. This follows the release of the CMA’s report on digital advertising and online platforms the same day. (...)

Sara Ashall, Elvira Aliende Rodriguez, Matthew Readings, James Webber The EU General Court annuls the Commission’s decision prohibiting a merger between two telecommunication companies (Telefónica UK / Hutchison 3G UK)

30

Under the leadership of Margrethe Vestager, the European Commission has taken an increasing interventionist stand across all areas of antitrust enforcement, in particular in merger control. The EU’s General Court dealt that aggressive agenda a massive blow by annulling the first of her many (...)

James Webber, Ruba Noorali, Sara Ashall, Matthew Readings, Elvira Aliende Rodriguez The EU Commission announces a major relaxation of the State aid rules via a new Temporary Framework during the COVID-19 outbreak

298

How will European Competition Enforcers Respond? The COVID-19 pandemic presents an unprecedented challenge to the economy and competition enforcement is no exception. Authorities at EU and national level may need to consider novel solutions to respond to rapidly evolving problems and to (...)

Elvira Aliende Rodriguez, Ruba Noorali, Matthew Readings The EU General Court reaffirms the Commission’s duty to provide sufficient reasons when explaining fine calculations in cartel cases (HSBC)

515

This article has been nominated for the 2020 Antitrust Writing Awards. Click here to learn more about the Antitrust Writing Awards. On 24 September 2019, the EU General Court (GC) handed down its judgment in HSBC v. Commission. Consistent with recent precedent, the GC reaffirmed the European (...)

Sara Ashall, James Webber, Matthew Readings The EU Commission imposes a fine of €28 million for “gun-jumping” on a Japanese manufacturer of imaging and optical products (Canon / Toshiba)

1184

This article has been nominated for the 2020 Antitrust Writing Awards. Click here to learn more about the Antitrust Writing Awards. On 27 June 2019 the European Commission imposed a fine of €28 million on the Japanese imaging and optical products manufacturer Canon for “gun-jumping” by using a (...)

Geert Goeteyn, James Webber, Matthew Readings, Ruba Noorali The EU Commission considers potential harm to innovation as part of its merger assessments, particularly in R&D driven sectors such as pharmaceuticals and technology (Bayer / Monsanto)

851

The European Commission has routinely considered potential harm to innovation as part of its merger assessments, particularly in R&D driven sectors such as pharmaceuticals and technology. In recent years, however, the Commission’s traditional innovation concerns have developed into broader, (...)

Geert Goeteyn, James Webber, Matthew Readings The EU Commission sends a statement of objections to a company to investigate whether a merger was implemented before the Commission’s clearance (Altice / PT Portugal)

515

When a transaction meets the thresholds of the EU Merger Regulation, companies must notify and obtain clearance from the European Commission before implementing the transaction. This means that until clearance is obtained, companies should continue to operate independently (including (...)

459 Review

Alexander Italianer, Anne Perrot, Howard Shelanski, Matthew Readings Restructuring firms in the context of crisis: What role for merger policy? (New Frontiers of Antitrust, Paris, 21 February 2014)

459

This last roundtable of the conference “New frontiers of Antitrust” (Paris, 21 February 2014) was dedicated to the “Restructuring firms in the context of crisis: What role for merger policy?». The objective of this roundtable is to explore in what respect the various issues involved in merger (...)

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