In response to the COVID-19 pandemic, the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice have changed two of their review processes. Earlier last week, the FTC and DOJ issued a joint statement reducing the burdens associated with antitrust reviews of collaborations between businesses and providing some guidance regarding collaborative activities that are permitted under the antitrust laws. Last week, the agencies also made significant changes to the timing and process for reviewing transactions that are subject to mandatory reporting under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the HSR Act), which are likely to result in longer HSR reviews.
Read the full article: U.S. Antitrust Agencies Adjust Review Processes in Response to COVID-19 Crisis //
Source: https://www.jdsupra.com/legalnews/u-s-antitrust-agencies-adjust-review-81425