Antitrust Division Issues Business Review Letter to End Standard-Setting Investigation: The Division Completed an Investigation of Standard-Setting Activities by Issuing a Business Review Letter, and Provided Guidance on Safeguards for Standard-Setting Organizations

Sullivan & Cromwell LLP - December 9, 2019
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On November 27, 2019, the Antitrust Division of the U.S. Department of Justice (“Division”) announced that it had completed its investigation into the standard-setting activities of GSM Association. The Division ended the investigation by issuing a business review letter, which provided guidance on procedural protections standard-setting organizations might use to protect their deliberations from anticompetitive influence. The letter is noteworthy because (i) it provides insight into the Division’s current thinking about standard-setting activities and (ii) it represents an unusual use of a business review letter, and suggests that business review letters could be part of a discussion about how to close future investigations.