Renata Hesse of Sullivan & Cromwell. Courtesy photo Sullivan & Cromwell's Renata Hesse on Being a 'Worthy Adversary' to Antitrust Regulators
"You try to do the best job you can to really engage and answer the agency's questions," says Hesse, the co-head of the firm's antitrust practice and a former acting head of the Justice Department's Antitrust Division. "But you also recognize that there may come a point where we're just going to have to agree to disagree."
October 26, 2023 at 07:30 AM
10 minute read
Renata Hesse, the co-head of the antitrust department at Sullivan & Cromwell, has no shortage of work these days. According to financial market data provider Refinitiv, the firm was top among legal advisors in terms of deals announced through the third quarter, with a total of $269 billion worldwide. With the U.S. antitrust authorities with whom Hesse interacts on merger clearance issues currently taking aggressive and novel stands on competition issues, she and her team sit at the busy intersection of deal-making, regulatory work and potential litigation. Case in point: she and her team led the consent discussions with the U.S. Federal Trade Commission on behalf of client Amgen in the leadup to a settlement allowing the biotechnology company to move forward with a $27.8 billion deal to acquire Horizon Therapeutics.
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