Partners Todd Stenerson (Washington, DC-Litigation) and David Higbee (Washington, DC-Antitrust), and Associate Rachel Mossman (Washington, DC-Litigation) have authored the USA Chapter for the International Comparative Legal Guides – Competition Litigation 2021.
Drawing on our vast deal and case experience, Shearman & Sterling has developed this Resources page, which provides a wide array of substantive and practical information on our antitrust and competition practice. Please review some of the informative materials we regularly publish as a value-added service to our clients, as well as information on upcoming events and details of recent activities and newsworthy items.
Shearman & Sterling represented firm Magris Resources Canada Inc. in connection with its definitive agreement to acquire substantially all of the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the “North American Talc Business”) for $223 million.
Mergers and acquisitions-focused publication The Deal honored Shearman & Sterling with several of its prominent Deal of the Year awards.
Partner Ben Gris will speak at the M&A Conference at Cornell Tech New York organized by Transaction Advisors, which will be held live online on October 28 & 29, 2020.
Partner Matthew Readings (London-Antitrust) will speak at the “Financial Services and Antirust: A Live Update with DG Comp and UK FCA” conference organized by Concurrences in partnership with Shearman & Sterling and Compass Lexecon on October 13, 2020.
James Webber (London-Antitrust) will be speaking on an Institute for Government Live panel which will be made available as a podcast entitled “State aid: A dealbreaker for the UK?” on 8 October.
Partners David Higbee, Djordje Petkoski and associate Matt Modell (all Antitrust-Washington, D.C.) authored the chapter “United States: Cartels” in the Antitrust Review of the Americas 2021 published by Global Competition Review on October, 20, 2020.
In her first speech upon being reappointed as Competition Commissioner, Commissioner Vestager announced that a review would be undertaken of the Commission’s Market Definition Notice (the “Notice”); the consultation on that review closed Friday, October 9th. The Notice is an important document in European competition law; it sets out the analytical framework under which the Commission decides who competes with who, a process which has determinative implications in both merger control and antitrust enforcement. The Notice is however older than most law firm trainees and clearly showing its age. Revising the Notice now can act as a release valve in response to calls for radical reforms to the merger review process in the wake of its controversial Siemen / Alstom prohibition, without regulation or treaty change, which could open a pandora’s box for the Commission. The consultation also needs to be considered in the context of a plethora of other reform initiatives to EU competition law aimed at harnessing U.S. tech giants.
The U.S. Federal Trade Commission (FTC) and U.S. Department of Justice Antitrust Division (“DOJ” and collectively, the “Agencies”) recently proposed changes to two aspects of the Hart-Scott-Rodino Act (“HSR Act”). The proposed rules are subject to public comment and are unlikely to come into effect for at least a few months to a year or even longer.