Extraterritorial Application of Antitrust Laws and the U.S.-EU Dispute Over the Boeing and McDonnell Douglas Merger: From Comity to Conflict? An Argument for a Binding International Agreement on Antitrust Enforcement and Dispute Resolution

Due to the increase of mega-mergers between corporations trying to compete in the global economy, cross-border regulation of mergers and acquisitions by both the United States and the European Union has become much more common. 5 Until recently, such reviews and regulatory acts by foreign regulators only rarely caused trade disputes or tensions in diplomatic relations.\u27 In order to maintain cooperation and prevent serious disputes over regulation of each other\u27s domestic corporations, the United States and the European Union entered into an agreement on the application of antitrust laws in 1991