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UK and EU competition: High Court refuses NSI divestment interim relief; CJEU clarifies damages jurisdiction; Commission 2025 Work Programme; State aid Aarhus access to justice consultation; practical updates

Published on: 13 February 2025

Published by a LexisNexis Competition expert
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  • UK NSI 2021
  • EU antitrust
  • EU competition policy
  • EU State aid
  • LexTalk®Competition: a Lexis®Nexis community
  • Daily and weekly news alerts
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  • Caselex

UK NSI 2021

High Court refuses application for interim relief by FTDI Holding regarding national security order to sell its shares in Future Technology Devices International Limited

The High Court has handed down its judgment in FTDI Holding Ltd v Chancellor of the Duchy of Lancaster, arising from FTDI Holding Ltd’s attempt to obtain interim relief against the defendant’s direction requiring it to divest its 80.2% interest in Future Technology Devices International Limited (FTDI). The proceedings addressed FTDI Holding’s request to pause enforcement of that order. The court declined to grant the interim relief sought.

Background

On 5 November 2024, following a national security assessment, the Government made a final order under section 26 of the National Security and Investment Act 2021 (NSIA 2021). The order obliges FTDI Holding, a China-registered holding company, to sell its 80.2% stake in the Scottish chip firm, FTDI, within a specified period and by adhering to a specified process as determined by the order...

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