Natalie Greenwood


Natalie has over 19 years’ experience advising on all aspects of EU and UK competition law, including 5 years in-house where she was listed as one of 30 most notable competition professionals in-house (Women@competition, February 2017).

Natalie is dual qualified in England & Wales and Spain and advises on a broad range of matters including cartels, leniency applications, mergers, joint ventures, distribution issues, anti-competitive agreements, abuse of dominance and market investigations.  Natalie works  across  a  range  of  sectors,  including  financial  services, energy, mining and metals, media and consumer goods.

Before joining Euclid Law in  September  2019,  Natalie  spent  5  years  working  in  the competition law team of Lloyds Banking Group, where she advised on a wide range of mattersincluding mergers, market investigations and studies, and antitrust work, as well as gainingvaluable experience delivering strategic, commercial advice to internal clients and seniorstakeholders. Prior to that, she was in the Antitrust Practice at Clifford Chance where she had a broad and varied practice, advising major international clients.

In the Legal 500 directory, she is described as ‘very practical and commercial with a solid understanding of commercial priorities’.

Recent experience includes advising:

  • A party in one of the CMA’s Competition Act investigations into suspected anti-competitive behaviour relating to freelance labour in production and broadcasting
  • Rio Tinto on merger control clearances and competition law advice relating to the Simandou iron ore infrastructure joint venture in Guinea, West Africa
  • London Stock Exchange Group on the CMA’s unconditional Phase 2 clearance for its acquisition of Quantile Group
  • bp on the CMA’s market study into EV charging
  • bp on the CMA’s Competition Act investigation and commitments into the supply by Gridserve of electric vehicle chargepoints on or near motorways
  • London Stock Exchange Group (as supporting advisor alongside Freshfields) in relation to the LSEG/Refinitiv European Commission Phase 2 conditional clearance
  • Numerous clients on National Security & Investment Act and foreign investment screening reviews of acquisitions in the data infrastructure, communications, transport, advanced materials, space technology and defence sectors
  • Number of brands in relation to their distribution strategies in Europe
  • Number of private equity houses on notifications to the UK and EU competition authorities
  • Securing unconditional CMA clearance of LBG’s acquisition of MBNA
  • Various market investigations, studies and reviews, including CMA’s market investigation into retail banking and subsequent implementation of remedies including the key Open Banking remedy and the PSR’s market reviews into merchant acquiring, infrastructure and indirect access
  • Competition issues surrounding various contract negotiations
  • EU and UK antitrust investigations, mergers (Phases 1 and 2), market studies and investigations and a range of other matters

Includes matters handled at Euclid or prior to joining the firm.


Escuela Superior de Administracion y Direccion de Empresas (ESADE)
Law Degree & Master in Business Law (2002)


England & Wales
Qualified in Spain


English, Spanish, French

Recent Publications and Speaking Engagements

Natalie has spoken at a number of events in the last years, including, most recently, the ThoughtLeaders 4 Competition conference on The Competition Law in Financial Services (April 2024), the GCR Financial Services conference (December 2023), the Informa EU Pharma Law Academy (September 2023) and the Law Society’s International antitrust summer conference (June 2023) on merger control.

Natalie has also written a number of thought pieces and articles, including in relation to the CMA’s reforms to its Phase 2 mergers procedure (November 2023).

Contact Details

+44 20 3816 3013


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