No Antitrust Barriers To BP Spill Cooperation, FTC Says

Law360, New York (June 10, 2010, 12:29 PM EDT) -- Energy companies that team up with their competitors to advise federal regulators in efforts to staunch the ongoing environmental damage from the Gulf of Mexico oil spill will not likely face scrutiny under federal antitrust laws, according to Federal Trade Commission chairman Jon Leibowitz.

Leibowitz's comments, sent in a Tuesday letter to Senate Judiciary Committee chairman Patrick Leahy, D-Vt., came in response to concerns that offshore oil and natural gas companies may be in breach of laws limiting communication and collaboration between competitors, as they offer...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.