Practice
Lisl Dunlop is counsel in the Antitrust Group of Shearman & Sterling, based in New York. She advises leading U.S. and multinational companies in an array of industries, in particular in the media, technology and health care sectors, on a broad range of antitrust counseling, litigation and transactional matters. Ms. Dunlop advises on antitrust-related aspects of mergers & acquisitions, joint ventures and other combinations, and sales and distribution matters, represents clients in merger and non-merger agency investigations, and has represented major corporations in complex antitrust litigations, including multi-district treble damages class actions. Ms. Dunlop has been recognized as a leading antitrust lawyer in Chambers USA, Legal 500 and Global Competition Review.

In addition to over 15 years experience practicing U.S. antitrust law, Ms. Dunlop has significant international experience. She began her legal career in Australia, where she practiced competition law at the Sydney firm Allen Allen & Hemsley. From 2001-2002, she was based in Shearman & Sterling’s London office, where she practiced UK and EU competition law and helped to establish the firm’s UK antitrust practice. In the course of her career, Ms. Dunlop has appeared before the U.S. federal enforcement agencies, the European Commission, the UK Office of Fair Trading, and the Australian Competition and Consumer Commission, and has coordinated the multijurisdictional defense of transactions throughout the world. Ms. Dunlop’s experience in competition matters in a broad range of jurisdictions brings added value to clients who conduct business internationally and interact with different legal systems and regulators.

• Synthes’ pending $21.3 billion acquisition by Johnson & Johnson
• McGraw Hill’s pending sale of McGraw-Hill Broadcasting Company, Inc. to Scripps Media, Inc.
• Acquisition of Psychiatric Solutions by Universal Health Services
• Thomson Reuters in its sale of the BAR/BRI bar review business and acquisition of Informational Holdings
• Acquisition of Ciba by BASF
• Viacom in numerous transactions, including Famous Music, Harmonix and Viacom’s split-off of Blockbuster Video
• Dun & Bradstreet’s acquisitions of the MKTG and QED education marketing list businesses
• Nokia’s acquisition of NAVTEQ (map data and technology)
• Joint venture between STMicroelectronics and Intel (flash memory)
• Royal Bank of Scotland’s consortium contested hostile takeover bid for ABN AMRO
• DaimlerChrysler’s sale of Chrysler to Cerberus
• Sale of Corus aluminum business to Aleris and Corus’ acquisition by Tata
• BASF’s unsolicited tender offer for Engelhard
• Blockbuster’s contested hostile takeover bid for Hollywood Video
• Cadbury Schweppes’ acquisition of Adams from Pfizer
• Acquisition of Instrumentarium by General Electric

• Defense of Dun & Bradstreet in Federal Trade Commission administrative proceedings
• Defense of Barclays in Interchange Fee Class Action Litigation
• Defense of BAR/BRI in class action treble damages litigations in New York and California

Speaking Engagements

• Preliminary Injunction Standards for the FTC and DOJ in Merger Cases – Do They Really Make a Difference? NYSBA Antitrust Section Annual Meeting, New York, January 26, 2012
• Antitrust in Latin America – What’s Going On?, Section of International Law Teleconference, October 24, 2011
• Too Much Information, Section of International Law Teleconference, June 28, 2011
• Premerger Information Exchange, NYSBA Antitrust Section program, New York NY, June 21, 2011
• Antitrust Risks in M&A Transactions, Directors’ Roundtable and Shearman & Sterling Bay Area Series, Palo Alto, CA, February 10, 2011
• What High-Tech Companies Need to Know About US and EU Merger Control, Directors’ Roundtable and Shearman & Sterling Bay Area Series, Palo Alto, CA, November 19, 2010
• Administrative Litigation at the FTC – Navigating the Shifting Procedural Waters, ABA Antitrust Section Spring Meeting, Washington DC, April 21, 2010
• Mergers from Strategy to Hearing: Part 2 – Pre-merger filings, ABA Antitrust Section Teleconference, Washington DC, November 16, 2009
• Meet the Economist Enforcers II: A Dialogue with Christian Ewald of the Bundeskartellamt and Amelia Fletcher of the UK OFT, ABA Section of International Law Teleconference, October 1, 2008
• Deal Terms and Deal Breakers: Drafting, Negotiating, and Defending M&A Antitrust Contract Clauses, ABA Antitrust Section Spring Meeting, Washington DC, April 18, 2007
• Brussels Sprouts: The New Wave of Regulation and Administrative Law in the European Union, ABA Administrative Law Section Midyear Meeting, Salt Lake City UT, February 11, 2005

Bar Association Leadership Positions

• New York State Bar Association Antitrust Section – Finance Officer (2011-present); Executive Committee member (2010–present)
• ABA Antitrust Section – Vice-Chair, Insurance and Financial Services Committee (2011-present); Vice-Chair, Federal Civil Enforcement Committee (2008-2011), The Antitrust Source Editorial Board (2005-2008)
• ABA International Section – Steering Committee, International Antitrust Committee (2008-present); 2012 Spring Meeting Planning Committee
• ABA Administrative Law Section – Council Member (2006-2008); Vice-Chair, Antitrust Committee (2006-2008)
• New York Citibar Antitrust & Trade Regulation Committee – Secretary (2004-2007)