Our experts break down the key milestones as EU pushes through comprehensive overhaul of competition regime

Over the next 12 – 18 months businesses will need to contend with a "once-in-a-generation" reset of most aspects of antitrust policy and enforcement. Dominating the headlines have been bold new systems of regulation for the digital sector and foreign subsidies, set to take effect in 2023. These are just the tip of the iceberg. Other ambitious reforms proposed by the European Commission (“EC”) include a changed approach to market definition, new notification procedures for many mergers, revised guidance for dominant firms on abusive conduct, plus a wide-ranging consultation on the rules governing antitrust enforcement.