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U.S. DOJ Requires Divestiture by Mittal Steel to Preserve Competition in the Tin Mill Products Industry

Client Alert | 1 min read | 02.20.07

On Tuesday, February 20, 2007, the U.S. Department of Justice announced that it will require Mittal Steel Company N.V. to divest its Sparrows Point facility in Maryland to counteract competitive harm resulting from Mittal's recently proposed $33 billion acquisition of Arcelor S.A. According to the DOJ, Mittal's acquisition would have substantially lessened competition in the market for tin mill products in the eastern United States. Therefore, the DOJ's proposed consent decree will require Mittal to divest Dofasco Inc., a Canadian company owned by Arcelor, which the DOJ recognized may not be possible due to Arcelor's placement of legal title of Dofasco into a Dutch foundation in an attempt to defeat Mittal's hostile takeover bid. Thus, the DOJ proposed that if the sale of Dofasco cannot be carried out, then the DOJ will require Mittal to divest its Sparrows Point mill.


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Client Alert | 5 min read | 06.05.25

The Abolition of Directors’ “Quasi-Immunity” by Book 6 Looked at in the Light of the Belgian B2B Contractual Terms Legislation

In recent years, there has been a wave of new legislation impacting contracts and contractual terms. The Belgian legislator is gradually adopting the different Books of our new Belgian Civil Code, such as Book VI. Last February, a new proposal for Book VII on special contracts, including sale and loan agreements was submitted. Additionally, the Belgian Code of Economic Law has been updated several times, impacting the drafting of contracts and of contractual terms, not only between companies but also with consumers....