Antitrust is definitely heating up, even if the economy isn’t. This issue brings us current on a global scale by first looking at merger activity in the United States, England, and India. Then we bring our readers up-to-date with current authority activity, including the FTC vs. Google, criminalization in Australia, and further thoughts on the Italian Pfizer decision. We doubt, however, that these will be the last words on any of these subjects.
These cases also reaffirm that deals of any size and scope, in any industry, are potentially open to intense and costly antitrust scrutiny and challenge in court. Daniel E. Hemli & Jacqueline R. Java (Bracewell & Giuliani LLP)
The FCC has come to play an increasingly problematic and largely unstructured role in the government’s review of transactions in the communications industry. Larry Downes (Larry Downes Consulting Group) & Geoffrey A. Manne (International Center for Law & Economics)
The increasing economic sophistication of the OFT’s decisions masks some of the legal limitations of the OFT’s role as a first phase regulator. Richard Blewett (Clifford Chance)