10 February 2011
Leading global law firm Mayer Brown LLP received the 2011 Global Competition Review Award for the M&A Transaction of the Year, Asia-Pacific, Middle East & Africa, for its successful representation of EUROFER against the contemplated Australian iron ore joint venture between BHP Billiton and Rio Tinto. EUROFER is the association of European steel producers (i.a. ThyssenKrupp, ArcelorMittal, Tata Steel/Corus, Voestalpine).
Mayer Brown represented EUROFER in the filing of a formal cartel complaint to the European Commission and as a third party in the parallel merger control proceeding before the Federal Cartel Office. The contemplated joint venture, which would have been valued at approximately US $116 billion, would have combined the iron ore deposits of the two raw material giants in West Australia. It prompted lengthy investigations by antitrust authorities worldwide. The Federal Cartel Office was the first European antitrust authority to publicly declare its opposition to the deal, followed by the European Commission. The Mayer Brown team representing EUROFER was led by Antitrust & Trade Regulation partner Dr. Jens Peter Schmidt. In addition, Antitrust & Trade Regulation partner Hannah Ha and associate Gerry o´Brian in Hong Kong advised on antitrust issues in China.
Global Competition Review is a leading antitrust and competition law journal and news service. The winners were determined through an online vote by more than 1,500 members of the competition law community.
For further information, contact:
Director Marketing Business Development
T:+49 69 7941 1045
M:+49 160 9019 2756
Dr. Jens Peter Schmidt
T:+32 2 551 5969
M:+32 497 44 97 94