Gilbert + Tobin are delighted to announce that the proposed acquisition of Korean Air’s majority stake in Asiana won ‘Merger Control Matter of the Year’ for the Asia-Pacific, Middle East and Africa region at the 2023 GCR awards. G+T acted for Korean Air, achieving unconditional ACCC clearance in September 2022 on the Australian aspects of the proposed acquisition.
The G+T team was led by head of Competition, Consumer + Market Regulation , Elizabeth Avery , with support from special counsel Rebecca Dollisson and lawyers Johnathon Geagea, Jacqueline Reid and Aaron Park.
Previously commenting on the transaction, Elizabeth said: "The airline industry has experienced significant disruption in the past few years. We are delighted to have worked together with Korean Air to achieve such a fantastic result, enabling Korean Air and Asiana to continue to provide a competitive offering to and from Australia" .
The 2023 GCR awards ceremony took place at the Conrad Hotel in Washington, DC, honouring the world’s leading antitrust lawyers, economists, and the most significant matters from 2022.
