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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Lerwick Port Promoting Shetland Fishing Industry

The importance of investment in the Shetland fishing industry has been highlighted today by Lerwick Port Authority Chief Executive, Sandra Laurenson. The industry – white fish,

Navios to Expand Fleet with Two VLCCs

Monaco-based tanker owner and operator Navios Maritime Midstream Partners (NAP) plans to launch syndication of a USD 205 million Term Loan B to finance the purchase

Duke Energy to Help Develop Jeffersonville Port Site

Duke Energy Indiana has selected a 140-acre parcel of land inside the Port of Indiana-Jeffersonville in Clark County for the utility's 2015 Site Readiness Program.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.2306 sec (4 req/sec)