News

2021 July 13 16:09

Justice Department and Federal Maritime Commission sign MoU to support interagency collaboration

The Department of Justice’s Antitrust Division and the Federal Maritime Commission (FMC) have signed the first interagency Memorandum of Understanding (MOU) to foster cooperation and communication between the agencies to enhance competition in the maritime industry, according to FMC's release.

Key provisions of the MOU facilitate communication and cooperation between the agencies. In particular, the MOU establishes a framework for the Antitrust Division and the FMC to continue regular discussions and review law enforcement and regulatory matters affecting competition in the maritime industry. The MOU includes provisions to establish periodic meetings among the respective agencies’ officials. The MOU also provides for the exchange of information and expertise that may be relevant and useful to the agencies’ oversight and enforcement responsibilities, as appropriate and consistent with applicable legal and confidentiality restrictions.