Burma/Myanmar: The Suspension of EU Sanctions “A New Chapter in Trade and Investment” by Dechert LLP on 5/18/2012 The European Council on the 14 May adopted Regulation (EU) No 409/2012 that will give full legal effect to the suspension of EU sanctions against Burma/Myanmar. EU High Representative for Foreign Affairs and Security Policy...more
REGULATORY: Global Competition Law: India Coal Complaint Sets Off Explosive Fine by Suzanne Rab by King & Spalding on 5/14/2012 The Competition Commission of India (CCI), India’s antitrust watchdog, has fined ten explosives companies a total of 600 million rupees (approximately USD 11.5 million/ EUR 8.7 million) for rigging bids put out by Coal India...more
FTC Affirms Holder in Due Course Rule by BuckleySandler LLP on 5/14/2012 On May 10, the FTC released an advisory opinion affirming that the Holder in Due Course Rule does not limit or preclude a consumer’s right to recovery other than to restrict awards to monies paid under a contract. The opinion...more
Georgia Governor Signs Sweepstakes Bill, Myspace Settles Privacy Charges with FTC by Loeb & Loeb LLP on 5/10/2012 Georgia's governor signed Senate Bill 431, a bill intended to regulate Internet cafes by prohibiting "any promotion involving an element of chance which involves the playing of a game on a computer, mechanical device, or...more
Ten Things to Do When Your Company Receives a DOJ Grand Jury Subpoena by Howard Ullman on 5/9/2012 You have just received notice of a grand jury subpoena duces tecum from the Department of Justice Antitrust Division in connection with a price-fixing investigation. (The likelihood of doing so may be on the rise. In 2008,...more
Reminder: the DOJ Has Criminal Antitrust Enforcement Powers Beyond Price Fixing by Howard Ullman on 5/8/2012 On May 3, the U.S. DOJ announced that an executive of South Korean-based Hyosung Corporation agreed to plead guilty and to serve time in a U.S. prison for obstruction of justice charges in connection with an automated teller...more
ITC Questionnaires Issued in Antidumping Investigation of Large Power Transformers From Korea by Sutherland Asbill & Brennan LLP on 5/8/2012 The U.S. International Trade Commission (ITC or the Commission) recently issued questionnaires to gather information from industry in connection with its final injury investigation of imports of large power transformers from...more
Essential Health Transaction Planning for Providers in Today’s Antitrust Enforcement Climate by McDermott Will & Emery on 5/8/2012 Federal antitrust enforcement agencies continue to challenge transactions in the health industry that they view as anticompetitive. This newsletter provides an update on recent public comments by government officials...more
Trade & Manufacturing Alert - May 2012 by King & Spalding on 5/3/2012 In This Issue: - 01 World Trade Organization Forms Compliance Panel In Airbus Case - 02 USTR Details Issues And Progress On Foreign Trade Barriers - 03 The “Bigger Brazil” Industrial Plan Grows Again - 03 Commerce...more
Federal Trade Commission v. Watson Pharmaceuticals, Inc. (11th Cir. 2012) by McDonnell Boehnen Hulbert & Berghoff LLP on 5/1/2012 The practice of "reverse payments" in ANDA litigation (where, typically, the branded drug manufacturer settles litigation brought under 35 U.S.C. § 271(e)(2) with a generic challenger) have been a thorn in the side of the...more
UK government consults on Radical Proposals to Promote Antitrust Damages Actions by K&L Gates LLP on 4/27/2012 The UK's Department for Business, Innovation and Skills ("BIS") is seeking views on how to boost antitrust damages actions. As stated in the consultation document, "Research by the Office of Fair Trading (OFT) shows that...more
MOFCOM's "Fusion" Approach to Chinese Merger Control by Sheppard Mullin Richter & Hampton LLP on 4/20/2012 We often hear about how China’s merger review “diverges” from other jurisdictions, most recently in reaction to conditional approvals of the Seagate/Samsung and Western Digital/Hitachi mergers. But China's MOFCOM is merely...more
New FTC Report Recommends Changes to United States Privacy Law by White & Case LLP on 4/19/2012 On March 26, 2012, the Federal Trade Commission ("FTC") issued its final report on consumer privacy in the United States, entitled Protecting Consumer Privacy in an Era of Rapid Change:Recommendations for Businesses and...more
The Consumer Financial Protection Bureau: An Update on Selected Initiatives by Davis Wright Tremaine LLP on 4/17/2012 In This Presentation: - Selected CFPB Initiatives ..“Larger Participant” Proposed Rule ..CFPB/FTC Memorandum of Understanding ..Confidentiality and Privilege ..Supervision and Examination Manual - More...more
Here’s the Skinny on the Apple E-Book Case by Howard Ullman on 4/16/2012 The Apple e-book case has been front-and-center in the media this last week. For those not following it carefully, here is a quick sketch of the allegations and what’s at stake. (I hasten to emphasize that the government’s...more