Jay Modrall

Senior Counsel
Norton Rose Fulbright LLP

Jay Modrall

Jay Modrall



James R. Modrall is an antitrust and competition lawyer based in Brussels. He joined Norton Rose Fulbright LLP in September 2013 as partner, having been a resident partner in a major US law firm since 1986. A US-qualified lawyer by background, he is a member of the bar in New York, Washington, D.C. and Belgium.

With 27 years of experience, he is a leading advisor for EU and international competition work, in particular the review and clearance of international mergers and acquisitions. Mr Modrall also has extensive experience with EU financial regulatory reform, advising the world’s leading private equity groups in connection with the new EU directive on alternative investment fund managers and leading banks and investment firms on EU initiatives including EU regulation of derivatives, EU reforms in financial market regulation and the creation of a new EU framework for crisis management, among others.

Mr. Modrall’s native language is English, and he is fluent in Italian and proficient in Dutch and French.

Professional experience

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  • Attorney at Law, admitted in New York

Mr Modrall’s recent publications include: “Third-Country Funds and Fund Managers” (Private Equity Compliance Guide), “More Work Needed: The Independent Commission on Banking’s Findings Require More Rigorous Analysis” (competition-driven reforms of the UK retail banking sector), “EU Antitrust: In the Crosshairs” (EU investigations in the financial sector), “Breaking up is Hard to Do” (EU law on withdrawal from the Eurozone), “EU Competition Law Issues in the M&A Deal Process”, “Non-Compete Clauses in M&A Agreements – The European Union and the United States”, “Gun Jumping and EU Merger Control”, “The Allocation of Antitrust Approval Risk in M&A Agreements”.

Mr Modrall is a member of the American Bar Association and is active in its Antitrust Section, serving as Vice Chairman of several committees, and the International Bar Association, serving on the editorial board of its journal, Competition Law International.


Global rules on foreign direct investment (FDI)

Publication | July 18, 2024


Publication | July 2024

EU Commission Proposal for a new European Economic Security Framework

Publication | March 01, 2024