As US Antitrust Agencies Double Down on Merger Enforcement Approach, New Deal Strategies Emerge The DOJ and FTC continue to pursue an aggressive merger enforcement agenda with new merger guidelines and filing requirements....more
12/15/2023
/ Acquisitions ,
Antitrust Division ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Federal Trade Commission (FTC) ,
Horizontal Mergers ,
Investment ,
Investors ,
Mergers ,
Mobile Ecosystems ,
Private Equity ,
Regulatory Reform ,
UK ,
Vertical Mergers
Key Points -
- EU competition regulators are increasingly considering “ecosystems” of products and services in their analysis of the competitive impact of mergers — a framework that often does not fit with the historical...more
12/14/2023
/ Competition ,
Corporate Counsel ,
Department of Justice (DOJ) ,
EU ,
European Commission ,
Federal Trade Commission (FTC) ,
Innovative Technology ,
Mergers ,
Regulatory Agenda ,
UK ,
UK Competition and Markets Authority (CMA)
US Regulators Pursue an Expansive View of Antitrust Laws -
For almost two years, industry participants have felt the effects of the Biden administration’s “big is bad” approach to antitrust — not only in technology sectors,...more
12/19/2022
/ Antitrust Division ,
Biden Administration ,
Buyers ,
Competition ,
Corporate Counsel ,
Department of Justice (DOJ) ,
Domestic Dealmaking ,
EU ,
Federal Trade Commission (FTC) ,
Global Dealmaking ,
Merger Agreements ,
Merger Controls ,
Mergers ,
Remedies ,
UK ,
Vertical Mergers
In this month's edition of our Privacy & Cybersecurity Update, we examine the National Institute of Standards and Technology's four principles of the "explainability" of artificial intelligence and the U.K. Information...more
9/1/2020
/ Anti-Drone Technology ,
Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Compliance ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Protection Impact Assessments (DPIAs) ,
Department of Homeland Security (DHS) ,
Department of Justice (DOJ) ,
Drones ,
EU-US Privacy Shield ,
FCC ,
Federal Aviation Administration (FAA) ,
Federal Trade Commission (FTC) ,
Final Rules ,
International Data Transfers ,
NIST ,
Office of Administrative Law ,
Personal Information ,
Popular ,
Privacy Laws ,
Risk Mitigation ,
UK ,
UK ICO
Despite political and economic uncertainties, markets and deal activity were resilient in 2019, and strong fundamentals remain in place heading into 2020. Companies continue to face a challenging litigation and enforcement...more
1/30/2020
/ Acquisitions ,
Administrative Procedure Act ,
Anti-Discrimination Policies ,
Anti-Harassment Policies ,
Anti-Kickback Statute ,
Antitrust Investigations ,
Appeals ,
Arbitration Awards ,
Attorney General ,
Backstop Agreements ,
BEPS ,
BitLicense ,
Blockchain ,
Board of Directors ,
Bonds ,
Capital Markets ,
CFIUS ,
CFTC ,
Chapter 11 ,
Claim Preclusion ,
Class Action ,
Commercial Bankruptcy ,
Common Stock ,
Congressional Investigations & Hearings ,
Congressional Subpoenas ,
Consumer Financial Protection Bureau (CFPB) ,
Cooperation Agreement ,
Copyright ,
Corporate Governance ,
Corporate Restructuring ,
Corporate Social Responsibility ,
Corporate Taxes ,
Corwin Doctrine ,
Covenant Lite Deals ,
Creditors ,
Cross-Border Transactions ,
DACA ,
DE Supreme Court ,
Debt Financing ,
Debtors ,
Department of Justice (DOJ) ,
Dischargeable Debts ,
Disgorgement ,
Disparate Impact ,
Dodd-Frank ,
Down Rounds ,
Drug Pricing ,
EBITDA ,
Employee Retirement Income Security Act (ERISA) ,
Employer Liability Issues ,
Employment Discrimination ,
Enforcement Actions ,
Enforcement of Foreign Judgments ,
Enterprise Act 2002 ,
Environmental Social & Governance (ESG) ,
EU ,
Fair Housing Act (FHA) ,
Federal Trade Commission (FTC) ,
FinTech ,
FIRRMA ,
Foreign Acquisitions ,
Foreign Investment ,
Foreign Issuers ,
FRCP 23 ,
General Data Protection Regulation (GDPR) ,
General Elections ,
GILTI tax ,
High-Yield Markets ,
Hong Kong ,
Hong Kong Stock Exchange ,
Individual Accountability ,
Initial Public Offering (IPO) ,
Intellectual Property Litigation ,
Intercreditor Agreements ,
International Arbitration ,
International Litigation ,
IRS ,
Issue Preclusion ,
Japan ,
Joint Venture ,
Legislative Agendas ,
Life Sciences ,
Listing Rules ,
Litigation Strategies ,
Make-Whole Premium ,
Mergers ,
MFW ,
Multinationals ,
National Security ,
PCAOB ,
Pharmaceutical Industry ,
Political Parties ,
Preferred Shares ,
Private Offerings ,
Privately Held Corporations ,
Proxy Advisory Firms ,
Publicly-Traded Companies ,
Refinancing ,
Regulatory Agenda ,
Reporting Requirements ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Separation of Powers ,
Shareholder Activism ,
Shareholder Proposals ,
Shareholders ,
Split of Authority ,
State Labor Laws ,
Stock Drop Litigation ,
Tax Cuts and Jobs Act ,
Tax Litigation ,
Technology Sector ,
Third-Party Release Agrements ,
Transparency ,
UK ,
UK Brexit ,
Valuation ,
White Collar Crimes
Antitrust enforcers in the United States and European Union (EU) remained active in 2019, and recent developments at the Department of Justice (DOJ), Federal Trade Commission (FTC), state attorneys general (AG) offices and EU...more
1/21/2020
/ Acquisitions ,
Anti-Competitive ,
Antitrust Violations ,
Belgium ,
Big Data ,
Competition Authorities ,
Department of Justice (DOJ) ,
Digital Marketplace ,
Enforcement Actions ,
EU ,
European Commission ,
Federal Trade Commission (FTC) ,
Germany ,
Interim Measures ,
Luxembourg ,
Member State ,
Merger Controls ,
Mergers ,
Netherlands ,
Online Platforms ,
State Attorneys General ,
Technology Sector ,
UK ,
United States
This issue of Skadden’s semiannual Cross-Border Investigations Update takes a close look at recent cases, regulatory activity and other key developments, including a review of the first year of GDPR enforcement, analysis of...more
10/3/2019
/ Anti-Money Laundering ,
Appeals ,
Blocking Statutes ,
Bribery ,
CFTC ,
China ,
CLOUD Act ,
Communication Restrictions ,
Compliance ,
Conspiracies ,
Cooperation Agreement ,
Crime (Overseas Production Orders) Act 2019 (the COPO Act) ,
Criminal Prosecution ,
Cross-Border Transactions ,
Cryptocurrency ,
Cybersecurity ,
Deferred Prosecution Agreements ,
Denial of Certiorari ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Disclosure ,
Dodd-Frank ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
EURIBOR ,
Exports ,
Extradition ,
Extraterritoriality Rules ,
Financial Conduct Authority (FCA) ,
Financial Records ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Exchanges ,
France ,
Fraud ,
General Data Protection Regulation (GDPR) ,
Government Investigations ,
Hackers ,
Hungary ,
Imports ,
India ,
Indictments ,
Information Sharing ,
Iran Sanctions ,
Israel ,
Lithuania ,
Money Laundering ,
Morrison v National Australia Bank ,
Multinationals ,
Office of Foreign Assets Control (OFAC) ,
Opioid ,
Pharmaceutical Industry ,
Popular ,
Rate-Rigging ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Spoofing ,
Subpoenas ,
Swiss Supreme Court ,
Switzerland ,
Tax Crimes ,
Tax Evasion ,
Tax Treaty ,
Turkey ,
UK ,
United States ,
Venezuela ,
Wal-Mart
Skadden’s Antitrust and Competition Group and the economics firm Charles River Associates recently co-hosted the ninth annual “Antitrust in the Technology Sector: Policy Perspectives and Insights From the Enforcers” seminar...more
3/5/2019
/ Acquisitions ,
Antitrust Investigations ,
Artificial Intelligence ,
AT&T ,
Bid Rigging ,
Cartels ,
Cloud Computing ,
Collusion ,
Competition ,
Consumer Protection Laws ,
Data Privacy ,
Department of Justice (DOJ) ,
Digital Marketplace ,
EU ,
Federal Trade Commission (FTC) ,
FRAND ,
Innovation ,
Merger Controls ,
Mergers ,
Monopolization ,
No-Poaching ,
Online Platforms ,
Qualcomm ,
Reputational Injury ,
Social Media ,
Technology Sector ,
Time Warner ,
Vertical Mergers
Antitrust enforcement agencies in the U.S. and Europe were once again busy in 2018, particularly in the area of merger review. In the U.S., despite new leadership at both the Department of Justice (DOJ) and the Federal Trade...more
1/22/2019
/ Anti-Competitive ,
Antitrust Division ,
Antitrust Violations ,
AT&T ,
Big Data ,
Corporate Counsel ,
Department of Justice (DOJ) ,
Digital Single Market ,
Enforcement Actions ,
EU ,
European Commission ,
Federal Trade Commission (FTC) ,
Innovation ,
Merger Controls ,
Resale Pricing
This issue of Skadden’s semiannual Cross-Border Investigations Update takes a close look at recent cases, regulatory activity and other key developments, including DOJ guidance on the use of corporate monitors in criminal...more
1/7/2019
/ Anti-Bribery ,
Anti-Corruption ,
Anti-Money Laundering ,
Appeals ,
Attorney-Client Privilege ,
Brazil ,
Bribery ,
BSA/AML ,
China ,
Corporate Counsel ,
Criminal Conspiracy ,
Criminal Convictions ,
Criminal Investigations ,
Cross-Border ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Data Privacy ,
Data Protection Acts ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Exports ,
Extraterritoriality Rules ,
FATCA ,
Financial Crimes ,
Foreign Corrupt Practices Act (FCPA) ,
Forex ,
France ,
Government Investigations ,
Guilty Pleas ,
Hackers ,
Imports ,
International Litigation ,
Iran ,
Legal Professional Privilege ,
Libor ,
Litigation Privilege ,
Market Manipulation ,
Money Laundering ,
Multi-Jurisdictional Litigation ,
Multinationals ,
NYDFS ,
Privileged Communication ,
Russia ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
SFO ,
Spoofing ,
Tax Fraud ,
Traders ,
UK ,
Unexplained Wealth Orders (UWOs) ,
United Arab Emirates (UAE) ,
Yates Memorandum
On September 25, 2018, Georgetown University Law Center hosted the 12th Annual Global Antitrust Enforcement Symposium. The event, which was co-sponsored by Skadden, featured keynote addresses from leaders of competition...more
10/9/2018
/ Antitrust Investigations ,
Department of Justice (DOJ) ,
Enforcement Actions ,
European Commission ,
Federal Trade Commission (FTC) ,
Hart-Scott-Rodino Act ,
Innovation ,
Mergers ,
Symposium ,
Technology Sector ,
Trump Administration
This issue of Skadden’s semiannual Cross-Border Investigations Update takes a close look at recent cases, regulatory activity and other key developments, including the use of legal holds in cross-border investigations,...more
8/29/2018
/ China ,
Civil Monetary Penalty ,
Cooperation ,
Criminal Investigations ,
Cross-Border Transactions ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Fee Reductions ,
General Data Protection Regulation (GDPR) ,
Initial Coin Offering (ICOs) ,
Personal Liability ,
Popular ,
Privileged Communication ,
Serious Fraud Office (SFO) ,
Settlement ,
Trump Administration ,
UK
Skadden’s Antitrust and Competition Group and the economics firm Charles River Associates recently hosted the eighth annual “Antitrust in the Technology Sector: Policy Perspectives and Insights From the Enforcers” seminar in...more
3/8/2018
/ Anticompetitive Behavior ,
Antitrust Provisions ,
Big Data ,
Cartels ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
European Commission ,
Federal Trade Commission (FTC) ,
Fines ,
FRAND ,
Gun-Jumping ,
Innovation ,
Mergers ,
Monopolization ,
Standard Essential Patents ,
Technology Sector
Antitrust merger enforcement historically has focused on horizontal mergers — consolidation of two firms that compete directly in the same space. This is especially true in the U.S., where antitrust authorities have...more
1/24/2018
/ Antitrust Investigations ,
Antitrust Violations ,
AT&T ,
Burden of Proof ,
Competition ,
Corporate Branding ,
Department of Justice (DOJ) ,
Dow Chemical ,
DuPont ,
European Commission ,
Federal Trade Commission (FTC) ,
Horizontal Mergers ,
Illegal Tying Arranegements ,
Innovation ,
IP License ,
Judicial Review ,
Life Sciences ,
LinkedIn ,
Merger Controls ,
Mergers ,
Microsoft ,
Multinationals ,
Qualcomm ,
Research and Development ,
Sales & Distribution Agreements ,
Tech Industry ,
Time Warner ,
Trump Administration ,
Vertical Mergers
On October 21, 2016, Skadden presented a seminar titled “Antitrust Law and Policies From Brussels to Washington, D.C.: The Atlantic Divide?” in Brussels. Former DG Competition Director General Sir Philip Lowe gave the keynote...more
12/19/2016
/ Brussels Regulation ,
Competition ,
Department of Justice (DOJ) ,
EU ,
European Commission ,
European Court of Justice (ECJ) ,
Federal Trade Commission (FTC) ,
Free Movement ,
Geo-Blocking ,
Merger Controls ,
Mergers ,
UK ,
UK Brexit ,
UK Competition and Markets Authority (CMA)
With improved coordination among agencies and across borders and the threat of dual criminal and civil enforcement, companies facing cartel investigations must navigate an increasingly complex environment. Skadden partners...more
1/28/2015
/ Antitrust Division ,
Antitrust Investigations ,
Cartels ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Government Investigations ,
International Harmonization ,
Investigations ,
Multinationals ,
Strategic Enforcement Plan
US: Continuation of Aggressive Review and Enforcement -
In 2014, the U.S. Department of Justice’s Antitrust Division (DOJ) and the Federal Trade Commission (FTC) further embraced their aggressive approach to merger...more
1/28/2015
/ Antitrust Provisions ,
AT&T ,
Berkshire Hathaway ,
Competition ,
Department of Justice (DOJ) ,
DirectTV ,
Divestiture ,
EU ,
EUMR ,
Federal Trade Commission (FTC) ,
Gun-Jumping ,
Hart-Scott-Rodino Act ,
SierraPine ,
Strategic Enforcement Plan ,
Threshold Requirements
U.S. and European antitrust agencies had similar enforcement priorities last year, a trend we expect to continue in 2014. Nonmerger enforcement will continue to focus on intellectual property, financial services and...more
1/30/2014
/ Anticompetitive Agreements ,
Antitrust Conspiracies ,
Antitrust Investigations ,
Antitrust Litigation ,
Class Action ,
Comcast v. Behrend ,
Conspiracies ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
Federal Trade Commission (FTC) ,
FRAND ,
FTC v Actavis ,
Patent Litigation ,
Patent Trolls ,
Patents ,
Pharmaceutical Industry ,
Prescription Drugs ,
SCOTUS ,
Standard Essential Patents
If recent events are any indication, U.S. and European antitrust agencies will remain focused this year on the intersection of intellectual property and competition law. In particular, the agencies have concluded that under...more
1/30/2013
/ Acquisitions ,
Apple ,
Competition ,
Department of Justice (DOJ) ,
EU ,
Federal Trade Commission (FTC) ,
FRAND ,
Google ,
Infringement ,
Injunctions ,
Licenses ,
Microsoft ,
Motorola ,
Non-Practicing Entities ,
Patent Assertion Entities ,
Patent Portfolios ,
Patents ,
Samsung ,
Standard Essential Patents