OF ANTITRUST ENFORCEMENT ACTIONS
FOR PUBLIC RELEASE
FOR MONDAY JULY 26, 1993 THROUGH FRIDAY, JULY 30, 1993
Department of Justice
Issues Business Review Letter
In a letter from Anne
K. Bingaman, Assistant Attorney General in charge of the Antitrust
Division, to counsel for the Halon Recycling Corporation ("HRC"),
the Department announced that it does not intend to challenge
under the antitrust laws a proposal by HRC to establish an information
exchange and marketing system. HRC, headquartered in Washington,
D.C., proposes to develop and establish a system to facilitate
and encourage the recovery, recycling and transfer of halon-1301
so that it will e available for the most critical uses. Halon-1301
is a chemical compound used to suppress fires and explosions.
The United States and approximately 100 other countries have agreed
to phase out the production of halon-1301 to protect the ozone
layer. The proposed information and exchange and marketing system
has the support of the U.S. Environmental Protection Agency and
does not appear likely to reduce competition or facilitate collusion
among HRC members in the purchase or sale of recycled halon-1301.
HRC's proposal does not require any potential buyer or seller
to use its services, nor does it prohibit the formation of other
similar programs. HRC has also adopted a number of safeguards
to protect against the possibility of anticompetitive behavior,
such as confidentiality requirements for negotiations and competitively
sensitive information. . .
Copies of legal filings are
available from the Legal Procedure Unit, Antitrust Division, Room 3233,
Telephone No.: 514-2481.