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Portrait of Jacqueline Vallat

Jacqueline Vallat

Senior Associate

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
United Kingdom
Languages English, French, Spanish

Jackie Vallat is a Senior Associate in the Competition & Trade Team in London and advises on a range of antitrust and merger control issues, including obtaining EU and UK merger control clearances, EU and UK investigations and issues, competition law risk management and compliance training. Jackie focuses on financial services and TMC, and has advised extensively on antitrust issues and compliance in those sectors. Jackie also has particular expertise advising on regulatory issues, especially the EU and UK regulatory framework for electronic communications, and frequently advises TMC clients on the regulatory aspects of their mergers and acquisitions.

Prior to joining CMS, Jackie was a stagiaire at the European Court of Justice and the European Commission, where she worked on competition and IP issues associated with the ‘Open Innovation’ model resulting in a report published by the European Commission.

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Relevant experience

  • Arora Group on the competition and regulatory aspects of its planning application for Heathrow expansion and its participation as an interested party in the judicial review claims against the Government’s decision to designate the Airport National Policy Statement.
  • Comcast on all media merger control and media regulatory aspects of its ultimately unsuccessful US$65 billion bid to acquire 21st Century Fox.
  • ITV plc on the competition aspects of its licensing arrangements with ad-tech firm Amobee to create a programmatic TV ad platform.
  • SSE plc on the competition and regulatory aspects of the sale of a 50% stake of its telecommunications business to Infracapital for £380m.
  • A fund manager on the initial stages of the Financial Conduct Authority’s first ever decision using its competition enforcement powers, including responding to the statement of objections.
  • Aviva Investors on the competition and regulatory aspects of several recent acquisitions in the sector, including its £75 million stake in Truespeed and £46 million investment in Country Broadband.
  • Liberty Global on coordinating the media and communications regulatory requirements and notifications relating to the Czech, Hungarian and Romanian aspects of the €18.4 billion sale of its European assets to Vodafone.
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Memberships & Roles

Member of the Law Society's Competition Section

Women in Telecoms and Technology

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  • GCR’s Antimonopoly and Unilateral Conduct in the UK (2016 to 2019) with Brian Sher
  • LexisNexis’ TMT Regulation chapter of The Financing of Intangible Assets: TMT Finance and Emerging Technologies (co-author)
  • PLC First Use of FCA competition powers: flexing its muscles (April 2019) with Caroline Hobson, Simon Morris and Alison McHaffie
  • CMS Network Sharing Study 3.0 (December 2017) with Chris Watson and Russell Hoare
  • European Commission’s Intellectual Property and Legal Issues in Open Innovation (May 2009)
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  • 2011 – LPC (Distinction), BPP, London
  • 2010 – GDL (Distinction), Kaplan Law School, London
  • 2008 – LLM (High 2:1), University of Cambridge, Cambridge
  • 2007 – Maîtrise de Droit Economique et des Affaires (Mention Tres Bien), Université de Nice-Sophie Antipolis, Nice (France)
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Reg­u­lat­ory solu­tions to com­pet­i­tion prob­lems: to­wards a new UK re­gime for...
In Ju­ly 2020 we wrote about the CMA’s find­ings on com­pet­i­tion in di­git­al ad­vert­ising and its re­com­mend­a­tions for im­prov­ing com­pet­i­tion and con­sumer out­comes in its mar­ket study re­port pub­lished that...
Top 5 take aways from re­cent fibre roll out fin­an­cing trans­ac­tions
The last three years have seen a large amount of activ­ity in the tele­coms in­fra­struc­ture mar­ket in the UK, boos­ted by the rise and en­ergy of al­tern­at­ive net­work pro­viders (the “alt­nets”). However...
GCR – An­ti­mono­poly & Uni­lat­er­al Con­duct
Bri­an Sher (Part­ner, Com­pet­i­tion) and Jac­queline Val­lat (Seni­or As­so­ci­ate, Com­pet­i­tion) have co-au­thored the UK chapter of GCR’s Know-How: An­ti­mono­poly & Uni­lat­er­al Con­duct 2020. The chapter sum­mar­ises...
New man­dat­ory UK FDI re­gime to con­trol for­eign in­vest­ment
On 11 Novem­ber 2020, over two years after the White Pa­per on Na­tion­al Se­cur­ity and In­vest­ment in­tro­duced by Theresa May’s Gov­ern­ment, the UK Gov­ern­ment fi­nally pub­lished its long-awaited Na­tion­al Se­cur­ity...
The EU FDI Reg­u­la­tion be­comes fully ap­plic­able
The EU FDI Reg­u­la­tion, which came in­to force in April 2019, in­tro­duces a frame­work for screen­ing FDI in­to the EU. It is not a sep­ar­ate new screen­ing tool at EU level, but a frame­work for co­oper­a­tion and...
The end of the be­gin­ning: the CMA’s con­clu­sions on On­line Plat­forms and...
The Com­pet­i­tion & Mar­kets Au­thor­ity (“CMA”) last week re­leased its fi­nal re­port out­lining its find­ings in its On­line Plat­forms and Di­git­al Ad­vert­ising Mar­ket Study. The CMA found that com­pet­i­tion...
The UK ex­pands for­eign in­vest­ment con­trols
On 23 June 2020, the UK Gov­ern­ment in­tro­duced a new pub­lic in­terest ground on which it can in­ter­vene in mer­gers: to main­tain UK cap­ab­il­ity to com­bat and mit­ig­ate pub­lic health emer­gen­cies. The UK joins...
Green light for UK tower con­sol­id­a­tion
On 22 April 2020, the UK Com­pet­i­tion and Mar­kets Au­thor­ity (CMA) cleared Cell­nex’s ac­quis­i­tion of Ar­qiva’s UK tele­coms in­fra­struc­ture busi­ness.  Cell­nex, which cur­rently has a small share of the...
UK Par­lia­ment­ary in­quiry ex­am­ines the role of the FCO in UK for­eign in­vest­ment...
The UK Par­lia­ment­ary For­eign Af­fairs Com­mit­tee has opened an in­quiry in­to the For­eign and Com­mon­wealth Of­fice (FCO)’s role in block­ing for­eign as­set strip­ping of UK com­pan­ies. The in­quiry comes as there...
Com­mu­nic­a­tions as an es­sen­tial ser­vice dur­ing coronavir­us (COV­ID-19) con­fine­ment
Gen­er­ally, we have not (yet) seen le­gis­lat­ive or reg­u­lat­ory meas­ures taken for tele­coms in re­spect of COV­ID-19. Of­com and the UK Gov­ern­ment are co­oper­at­ing closely with tele­com pro­viders to man­age the...
In­sur­ance 2020: Keep­ing an eye on the com­pet­i­tion
Reg­u­lat­ory scru­tiny of com­pet­i­tion in the in­sur­ance sec­tor is set to con­tin­ue in 2020 with sev­er­al in­vest­ig­a­tions car­ry­ing over in­to this year. Con­sumer pro­tec­tion and fair pri­cing in re­tail gen­er­al in­sur­ance...
CMA seeks new reg­u­lat­ory re­gime to reg­u­late on­line plat­forms
The Com­pet­i­tion & Mar­kets Au­thor­ity (“CMA”) last week re­leased its in­ter­im re­port out­lining its pre­lim­in­ary find­ings in­to its On­line Plat­forms and Di­git­al Ad­vert­ising Mar­ket Study. In find­ing broad...