BRUSSELS, April 10, 2013 -- In responding to a question posed by Competition Law360 editors recently, Baker Botts Brussels office Partner in Charge Catriona Hatton described the most challenging case she has worked on -- handling the European and global coordination of merger and investment filings in an unsolicited and contested public bid by the Russian mining company Norilsk Nickel for the Canadian mining company LionOre.
It was the largest ever foreign acquisition by a Russian company.
Hatton described the experience as “a race against the clock with a competing buyer who was going through the same process of seeking merger approvals but with a key difference that at that stage, the competing buyer had the support of the target.”
“There were many challenges, not least, assessing substantive antitrust issues, figuring out what approvals were needed and dealing with the agencies, without access to detailed information on the target,” Hatton said. “Co-coordinating filings across time zones from Canada to Europe, Australia and South Africa in a timeframe where hours mattered was also a real test of stamina.”
“Getting from home to the office between conference calls became a logistics exercise!” Hatton added. “Following a few rounds of competitive bids, Norilsk finally won out, and by the time it had secured the support of the target, the regulatory approvals were already in place.”
In this Q&A session, Hatton also described aspects of her practice area that are in need of reform, an important issue in her practice area, two lawyers who have made a great impression on her and an early career mistake that she was able to turn into a lesson learned.
To read the entire Competition Law360 Q&A with Catriona, please click here.
Note: This is the seventh in a series of Law360 Q&As featuring Baker Botts lawyers. Earlier this year, Law360 published similar features on Michael Barta, Josh Frank, Paul Cuomo, Macey Stokes, Mary Spearing and Aaron Streett.
About Baker Botts L.L.P.
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