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
In this month's edition, we examine the Court of Justice of the European Union's decision invalidating the EU-U.S. Privacy Shield framework, as well as the U.S. government's response to the decision. We also examine two...more
8/6/2020
/ Automotive Industry ,
Binding Corporate Rules ,
Broadband Privacy Rules ,
Connected Cars ,
Corporate Counsel ,
Court of Justice of the European Union (CJEU) ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Economic Loss Doctrine ,
Enforcement Actions ,
EU ,
EU-US Privacy Shield ,
European Data Protection Board (EDPB) ,
Federal Trade Commission (FTC) ,
First Amendment ,
Free Speech ,
General Data Protection Regulation (GDPR) ,
Hackers ,
Insurance Industry ,
International Data Transfers ,
Internet Service Providers (ISPs) ,
Misrepresentation ,
Negligence ,
NYDFS ,
Online Platforms ,
P2B ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Privacy Laws ,
Schrems I & Schrems II ,
Security Breach ,
Standard Contractual Clauses ,
U.S. Commerce Department ,
UK ,
UK Data Protection Act ,
United Nations
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
In this month's edition of our Privacy & Cybersecurity Update, we take a look at guidance on artificial intelligence released by the U.K. Information Commissioner's Office and the Turing Institute, as well as guidance...more
1/3/2020
/ Artificial Intelligence ,
Consent Order ,
Consumer Insurance Products ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Management ,
Data Protection ,
Draft Guidance ,
Email ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Information Management ,
Insurance Regulations ,
Misleading Statements ,
NAIC ,
Personal Data ,
Popular ,
Regulatory Requirements ,
Settlement Agreements ,
Terms of Service ,
Transparency ,
Voluntary Disclosure
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
On April 4, 2019, the European Commission published a report1 prepared by three special advisers (the Advisers) appointed by EU Competition Commissioner Margrethe Vestager to explore how EU competition policy should evolve in...more
4/9/2019
/ Abuse of Dominance ,
Acquisitions ,
Big Data ,
Competition ,
Data-Sharing ,
Digital Currency ,
Digital Goods ,
Digital Media ,
Digital Single Market ,
Enforcement Actions ,
EU ,
European Commission ,
European Merger Control Regulation ,
Information Reports ,
Innovation ,
Innovative Technology ,
Mergers ,
Technology Sector ,
UK Competition and Markets Authority (CMA)
The U.K. Financial Conduct Authority (FCA) has issued its first antitrust decision since obtaining competition law powers four years ago. The decision is a controversial one....more
3/11/2019
/ Antitrust Provisions ,
Antitrust Violations ,
Asset Management ,
Competition ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Information Sharing ,
Initial Public Offering (IPO) ,
Investment ,
Leniency Programs ,
UK
Data protection laws in Europe evolved substantially in 2018, with the implementation of the General Data Protection Regulation (GDPR) and the Directive on Security of Network and Information Systems (NIS Directive) becoming...more
1/25/2019
/ Abuse of Dominance ,
Competition Authorities ,
Critical Infrastructure Sectors ,
CROE ,
Cross-Border Transactions ,
Data Controller ,
Data Processors ,
Data Protection ,
Data Security ,
Discovery ,
Electronically Stored Information ,
Enforcement Actions ,
EU ,
EU Data Protection Laws ,
European Central Bank ,
European Data Protection Board (EDPB) ,
Extraterritoriality Rules ,
Facebook ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Investigations ,
NIS Directive ,
Personal Data ,
Privacy Policy
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
The European Commission (EC or the Commission) announced on July 24, 2018, that it has imposed a total fine of €111 million on four consumer electronics manufacturers — Asus, Denon & Marantz, Philips and Pioneer — for...more
7/26/2018
/ Antitrust Investigations ,
Antitrust Violations ,
Electronics ,
Enforcement Actions ,
European Commission ,
Fines ,
Internet Retailers ,
Manufacturers ,
Price-Fixing ,
Raids ,
Resale Pricing
Global deal planning often overlooks merger control regimes in Southeast Asia. However, in recent months these regulators have become increasingly active and are enforcing failures to file relevant transactions for review....more
7/16/2018
/ Antitrust Violations ,
Asia ,
Competition Authorities ,
Corporate Counsel ,
Divestiture ,
Enforcement Actions ,
Fines ,
Indonesia ,
Malaysia ,
Merger Controls ,
Mergers ,
Monopolization ,
Philippines ,
Popular ,
Singapore ,
Uber ,
Vietnam
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
The question of how "big data" should be treated in merger control and antitrust enforcement was a key issue for the European Commission and national regulators in European Union member states in 2016, with competition...more
2/1/2017
/ Antitrust Investigations ,
Big Data ,
Competition ,
Competition Authorities ,
Data Protection ,
Enforcement Actions ,
EU ,
EU Data Protection Laws ,
European Commission ,
Facebook ,
Federal Cartel Offices ,
France ,
French Competition Authority ,
Germany ,
Mergers ,
Privacy Concerns ,
UK ,
UK Competition and Markets Authority (CMA)
On December 8, 2015, the European Commission filed two Statements of Objections against U.S. semiconductor-maker Qualcomm Inc., alleging that the company had abused its dominant position in the baseband chipset market through...more
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
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