Jones Day defended American Airlines in an antitrust lawsuit brought by the Department of Justice and several state attorneys general, challenging American's proposed $11 billion merger with US Airways. Two weeks before trial, the plaintiffs have agreed to settle the lawsuit, which will allow the airlines to complete their merger. The airlines have agreed to divest to other airlines certain slots and gates at seven U.S. airports, including Washington Reagan and New York LaGuardia, after closing. The merger, which now is expected to close in December 2013, will create the world's largest air carrier, operating under the American Airlines name. The transaction was subject to review by antitrust authorities in the United States and other jurisdictions and must be approved by the U.S. Bankruptcy Court for the Southern District of New York. Attorneys John M. Majoras, Joe Sims and J. Bruce McDonald handled the case.
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Jones Day's international trade team, led by Renato Antonini, partner in the Government Regulation Practice in Jones Day's Brussels office, has won coveted spots on both the WTO / Regional Trade Agreements and Trade Remedies sub-panels in the China Ministry of Commerce's (MOFCOM) first formal legal panels. These appointments follow MOFCOM's groundbreaking move to conduct a public competitive bidding procedure for selecting external counsel.
Jones Day is one of only a handful of firms to have won appointments on two MOFCOM sub-panels in the field of trade.
The launch of these legal panels followed shortly after MOFCOM issued new measures for instructing external counsel. The key guidelines include prioritizing internal resources before considering instructing external lawyers and only instructing foreign counsel when necessary, and internal approval procedures when instructing external counsel. The measures also provide that feedback on external firms needs to be filed on the record within a month of completion of service. The panel will be reviewed and reappointed every two years through public tender.