In this paper we study a two-dimensional directed self-avoiding walk model of a random copolymer in a random emulsion. The copolymer is a random concatenation of monomers of two types, and , each occurring with density 1/2. The emulsion is a random mixture of liquids of two types, and , organised in large square blocks occurring with density and , respectively, where . The copolymer in the emulsion has an energy that is minus times the number of -matches minus times the number of -matches, where without loss of generality the interaction parameters can be taken from the cone ${(\alpha,\beta)\in\R^2\colon \alpha\geq |\beta|}$. To make the model mathematically tractable, we assume that the copolymer is directed and can only enter and exit a pair of neighbouring blocks at diagonally opposite corners. In \cite{dHW06}, it was found that in the supercritical percolation regime $p \geq p_cp_c$ the critical probability for directed bond percolation on the square lattice, the free energy has a phase transition along a curve in the cone that is independent of . At this critical curve, there is a transition from a phase where the copolymer is fully delocalized into the -blocks to a phase where it is partially localized near the -interface. In the present paper we prove three theorems that complete the analysis of the phase diagram : (1) the critical curve is strictly increasing; (2) the phase transition is second order; (3) the free energy is infinitely differentiable throughout the partially localized phase.

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