Mexico’s competition authority yesterday required Syngenta to divest five products to have its deal with ChemChina approved, while China’s Ministry of Commerce unconditionally cleared the state-owned company’s acquisition of the Swiss agrichemical rival today.
Europe’s competition watchdog yesterday allowed Danish global shipping company Maersk Line’s bid to acquire German competitor Hamburg Süd, conditioned on the German company ending vessel-sharing agreements on five trade routes.
A day after approval was announced in the US, Europe’s competition watchdog has cleared ChemChina’s US$43 billion (€40 billion) takeover of Syngenta with significant divestiture commitments.
A Manhattan federal judge last week dismissed several requests made by plaintiffs pursuing damages for Libor manipulation, but did allow them to add new allegations to support their claim of a relationship between the benchmark and a derivative.
We’re reporting from the Delaware federal courthouse in downtown Wilmington this morning, as the Department of Justice faces off against the top-flight litigators hired to defend the merger of two companies that dispose of radioactive waste. Watch for coverage of opening statements in the GCR briefing this afternoon. In other news, Libor plaintiffs have been grudgingly granted one point on which to re-plead; Becton Dickinson is buying Bard but could have an old opponent reviewing the deal; and third-party presidential candidates are still arguing that their exclusion from debates is an antitrust problem.
Few antitrust enforcers can boast as pure a focus as Germany’s Federal Cartel Office (FCO).
Reed Smith has hired two Linklaters litigation partners, Joseph P Armao and Paul Alfieri, to its global regulatory enforcement group in New York.
Claudio Donato Monge and Marco López Volio
Daniel Pino Arroba and Paulette Ocampo
Alejandra Palacios Prieto
Paloma Alcántara and Fernando Carreño
Davit Akman, Ian Macdonald and François Baril
Gowling Lafleur Henderson LLP
Satyen Dhana, Christine Graham and Jacqueline Vallat
CMS Cameron McKenna (London)