#369 Back To Form or Back to the Drawing Board? How To Navigate the Decision Vacating the New HSR Rules

#369 Back To Form or Back to the Drawing Board? How To Navigate the Decision Vacating the New HSR Rules

In February 2025, new rules for the pre-merger notification requirements in the U.S. came into effect. But will a February 2026 court decision undo these changes? Daniel Rosenthal, partner at Kirkland & Ellis, joins Jaclyn Phillips and Lexi Michaud to discuss a decision vacating the new rules, the subsequent appeal, and what might happen next. Listen to this episode to learn more about how to navigate merger filings in an uncertain time.

(Since this episode was recorded, the Fifth Circuit denied the FTC's motion to stay the decision vacating the new HSR Rules. On March 19, 2026, the Premerger Office announced that the Commission is now accepting HSR filings using the Form and Instructions that were in place before the February 10, 2025, effective date of the new rule. As always, continue to follow the case and consult a lawyer for any legal advice.)

With special guest:
Daniel Rosenthal, Partner, Kirkland & Ellis

Related Links:
OCA #297 - HSR You Kidding Me? Unpacking the New Requirements for Merging Parties in the U.S.

Hosted by:
Jaclyn Phillips, Proskauer Rose and Lexi Michaud, Fried Frank

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Jaksot(386)

#384 What's Up? Enforcement Updates From the Middle East and Africa

#384 What's Up? Enforcement Updates From the Middle East and Africa

What have been the latest competition law developments across the Middle East and Africa in the last year? Nicolas Bremer and John Oxenham join Matthew Hall and Jeny Maier to discuss new filing regime...

29 Kesä 31min

#383 What's the Role of Communications Strategy in M&A? How Public Affairs Impacts Antitrust

#383 What's the Role of Communications Strategy in M&A? How Public Affairs Impacts Antitrust

Recently, the role of lobbying in M&A has become the talk of the antitrust bar in current administrations in the U.S. and in other jurisdictions. But what about the related discipline of public affair...

22 Kesä 27min

#382 What's Up? Enforcement Updates From Austria and Switzerland

#382 What's Up? Enforcement Updates From Austria and Switzerland

What is happening in competition enforcement in Austria and Switzerland? Lukas Cavada, Executive Director for International Affairs at Austria's Federal Competition Authority (BWB), joins Anora Wang t...

15 Kesä 28min

#381 A New Era for EU and UK Deals? The EC's Draft Merger Guidelines and the CMA's Growth Approach

#381 A New Era for EU and UK Deals? The EC's Draft Merger Guidelines and the CMA's Growth Approach

The analysis of mergers in the EU and UK is adapting to take account of a changed worldwide geo-political and trade context. But what does this mean in practice? Stuart Hudson, co-lead of Brunswick's ...

8 Kesä 38min

#380 What Is Happening at the OECD Competition Division? A Discussion With Ori Schwartz

#380 What Is Happening at the OECD Competition Division? A Discussion With Ori Schwartz

The OECD's Competition Division carries out the organisation's work on worldwide competition law, policy and enforcement. But what does this mean in practice? Ori Schwartz, Head of the Competition Div...

1 Kesä 30min

#379 What's Up? Enforcement Updates from Ireland, Brazil, and Paraguay

#379 What's Up? Enforcement Updates from Ireland, Brazil, and Paraguay

What are the latest trends and developments in competition law enforcement in Ireland, Brazil, and Paraguay? Geoffrey Gray of the Irish Competition and Consumer Protection Commission (CCPC), joins Lex...

25 Touko 33min

#378 How Do Enforcers Approach Information Sharing and Benchmarking?

#378 How Do Enforcers Approach Information Sharing and Benchmarking?

Benchmarking and information sharing can be procompetitive, but modern data tools can also make it easier for rivals to coordinate on prices. But when does benchmarking cross the line into unlawful an...

18 Touko 37min

#377 What's Up? Enforcement Updates From Australia and New Zealand

#377 What's Up? Enforcement Updates From Australia and New Zealand

What is happening in competition enforcement in Australia and New Zealand? Luke Woodward, Commissioner at the Australian Competition & Consumer Commission (ACCC), joins Lexi Michaud to discuss the ACC...

11 Touko 28min

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