Mexico’s Supreme Court of Justice will determine whether the Federal Economic Competition Commission can unilaterally regulate essential services, after the government’s executive branch ignored measures the antitrust enforcer recommended to deal with allegedly anticompetitive airport slot allocation.
After decades of the US Department of Justice’s allowing companies that do not compete to merge with few obstacles, antitrust observers are skeptical that litigation to block AT&T’s acquisition of Time Warner will pave the way for stricter vertical merger enforcement.
Lawyers for traders accused of rigging foreign exchange rates last week told the Manhattan federal court that the US Department of Justice cannot pursue their “wholly foreign” alleged conduct, and that the alleged conduct was procompetitive information-sharing rather than a per se restriction of competition.
The Department of Justice sued yesterday to block AT&T’s proposed acquisition of Time Warner, predicting that the world’s biggest telecommunications company would “use its control of Time Warner’s popular programming as a weapon to harm competition”.
GCR USA is taking a break for Thanksgiving, but we will be back in your inbox next Tuesday to catch you up on everything that happened over the holiday. Before we go, check out our coverage of the Department of Justice’s lawsuit to stop the merger between AT&T and Time Warner, as well as Bill Baer’s regrets about airline mergers.
When Donald Trump won a shock victory in November’s US presidential election, it set off a cascade of praise among the pundit class for the newfound power of populism: the philosophy that power should lie with ordinary people rather than corporate and government elites.
The chief of the US Department of Justice's Antitrust Division has said the agency will return to structural relief to remedy anticompetitive mergers, rather than applying the behavioural remedies that were used under the previous administration.
Gibson Dunn & Crutcher has made Richard Cunningham in the US and Deirdre Taylor in London partners in the firm’s global antitrust practice, as part of a promotion round of 16 lawyers.
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)