Greenberg Traurig Maher Instructed to Assist Bristol Water Before the Competition Commission
LONDON, Jan. 28 /PRNewswire/ -- Greenberg Traurig Maher announced today that it has been retained by Bristol Water. Recently, Ofwat, the Water Services Regulation Authority, confirmed that Bristol Water had rejected its determination of the price that can be charged for water supply for the 2010-2015 period. Bristol Water is the only water company to make such a challenge. The issue will now be referred to the Competition Commission by Ofwat.
Over approximately the next six months, the Competition Commission will review Bristol Water's proposals for future pricing, and will determine new price limits. Bristol Water has retained Greenberg Traurig Maher to act as sole counsel during the Competition Commission procedure. This is the fourth Ofwat determination of price that has taken place since price controls were introduced 20 years ago. During that time, only four other full Competition Commission determinations have taken place.
"We have a longstanding relationship with Bristol Water and the water industry generally," said Stephen Tupper, competition shareholder at Greenberg Traurig Maher. "That being said, we recognize what a statement of faith in our work this represents. We are relishing the challenge."
"We created Greenberg Traurig Maher to help our clients respond swiftly to changes in today's nonstop business world," said Paul Maher, Chairman of Greenberg Traurig Maher's London office. "This is just the kind of challenge our lawyers are here for. We look forward to presenting Bristol Water's case to the Competition Commission."
About Greenberg Traurig Maher LLP
Greenberg Traurig Maher LLP was established in 2009 in the UK by international law firm Greenberg Traurig, LLP. Greenberg Traurig Maher's rapidly expanding office provides shareholder-led advice to domestic and international clients on a range of matters across the legal spectrum. Lawyers at Greenberg Traurig Maher advise UK and multinational clients operating in many different sectors, including chemicals, pharmaceuticals, life sciences, energy, real estate, financial services, information services, automotive, entertainment, retail and communications. For additional information, please visit www.gtmlaw.com.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1775 attorneys serving clients from more than 30 offices in the United States, Europe and Asia. In the U.S., the firm has more offices than any other among the Top 20 on The National Law Journal's 2009 NLJ 250. In the U.K., the firm operates as Greenberg Traurig Maher LLP. Additionally, Greenberg Traurig has strategic alliances with the following independent law firms: Studio Santa Maria in Milan and Rome, TA Lawyers GKJ in Tokyo, and Weber Law Office in Zurich. The firm was Chambers and Partners' USA Law Firm of the Year in 2007 and among the Top 3 in the International Law Firm of the Year.
SOURCE Greenberg Traurig Maher LLP