Mergers & Acquisitions Mergers & Acquisitions

Comment: EU veto for Hyundai-Daewoo shipbuilding deal is no surprise

Today’s EU block on South Korea's Hyundai Heavy Industries buying its local rival Daewoo Shipbuilding & Marine Engineering should come as no surprise, even if it is the European Commission's first veto since 2019. 
Substantively, the case was a tough sell from the start: two heavyweights in a highly concentrated

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Natalie McNelis

Senior Correspondent


Natalie McNelis covers mergers for MLex in Brussels. Before joining MLex in 2017, she spent 20 years as an international trade and competition lawyer in law firms including Stibbe and WilmerHale. Natalie has a BA in English from Mount Holyoke College, a JD from Harvard Law School and an LLM in EU law from KU Leuven. She is admitted to the bar in New York.

Lewis Crofts

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Lewis leads MLex's editorial strategy, content direction, quality and development. He has a reputation for breaking stories and providing analysis on complex legal disputes before regulators and courts around the globe. He has also developed MLex's unrivalled coverage of competition policy, litigation, regulation, Brexit and international investigations.

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