The COVID-19 pandemic is reshaping antitrust law enforcement across the globe. Recognizing the need for a closer cooperation among private businesses, the US government seems to be more flexible now in reviewing COVID-19-related competitor collaborations. In April, both the Department of Justice (DOJ) and the Federal Trade Commission (FTC) announced the expedited seven-day evaluation procedure, which typically takes months for traditional business reviews.
Despite the perceived flexibility of the government, companies should not be complacent, as the DOJ and the FTC have stressed their continuous crackdown on unfair competition practices. In addition, industry changes during and after COVID-19 may bring a significant increase in antitrust activity.
Additionally, the COVID-19 pandemic has coincided with the financial markets’ transition away from LIBOR, the world’s most widely used benchmark interest rate. Selecting and implementing an alternative reference rate for legacy financial products necessarily requires industry coordination. Coordinated financial industry reforms in the past have invited antitrust scrutiny. The LIBOR transition may present similar concerns that market participants should not ignore.
Join a panel of key thought leaders and practitioners assembled by The Knowledge Group as they present an in-depth discussion of the emerging trends and developments in antitrust law enforcement in the current COVID-19-stricken landscape. Speakers will analyze critical issues and offer effective compliance tips and strategies in this evolving legal climate.
Key topics include:
- Enforcement Priority Changes Due to COVID-19
- Emerging Antitrust Issues
- LIBOR Transition
- Risk Management Strategies
- Best Compliance Practices