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Grace Kim

Grace Kim is an associate in Covington’s London office and a member of the Antitrust/Competition Practice Group. She assists clients across a range of industries on transactions requiring foreign direct investment review and on competition/antitrust advisory matters. As a member of the firm’s cross-office FDI initiative, Grace advises on the UK’s National Security and Investment Act and on international foreign direct investment (FDI) filing strategy, working in close cooperation with the firm’s CFIUS colleagues.

Grace previously advised on Anti-bribery and Corruption compliance matters as part of the firm’s White Collar Crime practice. Prior to joining the firm as a trainee, Grace held in-house compliance roles at the European headquarters of a global consumer electronics company and the global headquarters of a UK-based retailer.

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As we now enter the third week of lockdown in the UK, this blog post rounds-up the steps that the UK Competition and Markets Authority (CMA) and certain other regulators have taken to address the unprecedented challenges facing the country.  This includes targeted relaxation of certain elements of the rules to facilitate essential forms of coordination, for example in relation to grocery supply, in addition to wider guidance on the CMA’s approach to enforcement in respect of COVID-19-related cooperation between competitors.

While certain, limited, forms of competition may be necessary to address critical supply challenges, getting such cooperation ‘right’ from a competition perspective can be complex. Firms should be aware that competition law continues to remain in force and that regulators have resolved to act against those who take advantage of the current crisis by breaching competition rules.
Continue Reading Competition law in the time of coronavirus: UK regulators’ response and approach to the COVID-19 pandemic