CompetitionMarket first
Among the first merger filings under Azerbaijan’s new Competition Code
We secured Azerbaijani pre-merger antitrust clearance for Helmerich & Payne’s acquisition of KCA Deutag, a transaction involving multiple regulators.
- Parties
- Helmerich & Payne and KCA Deutag
- Transaction
- Helmerich & Payne’s (NYSE: HP) acquisition of KCA Deutag
- Jurisdictions
- Azerbaijan, Germany, Belgium, the United Kingdom
- Timeline
- February 2024 to January 2025
Why it mattered
The matter was among the first filings under Azerbaijan’s new Competition Code and required careful navigation of a newly evolving regulatory landscape. It sets a significant precedent under the new code.
What we did
- Led the merger clearance strategy before the Azerbaijani authorities
- Aligned it with concurrent reviews in European jurisdictions to prevent delays
- Advised on market definition and assessed regulatory risk
- Managed all filings and representations to the national antitrust authority
- Proactively addressed potential concentration concerns to ensure the transaction met competition standards