The US DoJ for the first time elects binding arbitration to resolve a merger challenge (Novelis / Aleris Corporation)

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On September 4, 2019, the U.S. Department of Justice’s Antitrust Division filed a complaint in the Northern District of Ohio challenging Novelis Inc.’s proposed $2.6 billion acquisition of Aleris Corporation. In a first, the Antitrust Division has agreed to resolve the matter through binding arbitration under the Administrative Dispute Resolution Act of 1996, 5 U.S.C. § 571 et seq. Assistant Attorney General Makan Delrahim remarked that “[t]his new process could prove to be a model for future enforcement actions, where appropriate, to bring greater certainty for merging parties and to preserve taxpayer resources while staying true to the [Antitrust Division’s] enforcement mission.” It remains to be seen whether this case portends a larger shift in the Antitrust Division’s approach to

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Chris Wilson, Richard G. Parker, Adam J. Di Vincenzo, The US DoJ for the first time elects binding arbitration to resolve a merger challenge (Novelis / Aleris Corporation), 4 September 2019, e-Competitions September 2019, Art. N° 96878

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