Flint helps funds understand competition clearance processes, national security approvals, and political or regulatory market distortions.
Flint advises fund managers on how to interpret the regulatory, policy, and political aspects of a special situation. Our team of former CMA officials and European competition experts supports merger arbitrage. Our national security team includes officials who have assessed deals for various governments and sat at the highest levels of defence reviews. We have former special advisers, civil servants and regulators who understand the drivers behind potential market interventions. We help managers understand issues like political shareholder activism or industrial action.
We undertake outside-in analysis of special situations. As former practitioners, we use our expertise to advise on how we would view the issues as a competition regulator or a civil servant. We can combine this with soft soundings from other outside parties like industry representatives to give you the wider view.
Our former competition practitioners and experts in the UK, Brussels and Member States will give you their view on how a competition regulator would see the theories of harm of a case and the remedies necessary. We will monitor ongoing cases, updating our view as new evidence becomes public. We can interpret what the actions of the parties and the regulator mean for the outcome.
National security clearance
The scope and commercial impact of National Security reviews is growing across Europe. Our former reviewers can assess a case to tell you the aspects of the deal which will be most problematic for government, whether those issues are solvable through remedies, and the potential impact on the business.
Governments often consider interventions that move markets in a significant way. For example, the extension of the Help to Buy scheme or the implementation of a maximum stake for online gambling. Our former special advisers and civil servants can help you understand why an intervention is being considered, the precise mechanisms that will be used and the likelihood of it happening.
A late change to an incoming prudential regime resulted in a client’s international operations being brought in scope, meaning the client would be required to hold significant additional capital. The client needed support to consider the options and make a decision about how best to mitigate the impact of this.
What Flint Did
Flint advises international businesses and investors on policy, politics, regulation and competition issues in European markets