Hogan & Hartson Praises FTC Clearance

Monday, October 07, 2002
Hogan & Hartson L.L.P., an international law Firm headquartered in Washington, D.C. and regular antitrust counsel to Carnival Corporation, praised today's decision by the Federal Trade Commission (FTC) to close the investigation into the proposed combination of Carnival Corporation and P&O Princess Cruises plc. The FTC decision now clears the way for Carnival to proceed with its offer to Princess shareholders. The European Commission had previously granted clearance. The FTC's statement concluded: "This investigation provides a compelling illustration of the principle that our review of mergers is intensely fact-specific, driven by the dynamics of the relevant industry and the impact of the specific transactions under review. After an extensive investigation, we have concluded, as did our counterparts in Europe (who considered these mergers' potential effects on Europeans), that the facts do not warrant enforcement action."

Hogan & Hartson advised Carnival on U.S. antitrust issues related to the proposed P&O Princess acquisition from the beginning of the transaction and represented the company in the FTC investigation. In addition, the firm coordinated "rest of world" competition filings outside of the U.S. and the European Union. The Hogan & Hartson antitrust team that worked on the Carnival transaction included Washington, D.C. partners Janet McDavid and Joseph Krauss, and associates Lynda Marshall and Craig Cronheim, as well as Brussels office partner Catriona Hatton and counsel Mariabruna Fimognari.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

Aker Evaluating Future of US Shipyard, ASC

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1741 sec (6 req/sec)