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About Daniel

Daniel Hemli regularly advises clients on complex antitrust issues relating to mergers, acquisitions and joint ventures and advocates before federal, state and foreign antitrust authorities. He has experience representing both buyers and sellers in connection with investigations of numerous national and multinational acquisitions and joint venture transactions across a broad range of industries, including oil and gas, electric power, chemicals, commercial and industrial equipment, waste services, construction materials, consumer goods, healthcare, technology and financial services. He has advised on transactions in a variety of contexts, including negotiated deals, hostile takeovers and distressed situations. Dan also counsels clients on a broad range of antitrust matters arising out of their day-to-day operations and assists clients in designing and implementing antitrust compliance programs. He prides himself on having a thorough understanding of his clients' business operations and objectives and providing very practical and business-focused advice.

Before joining Bracewell, Dan practiced with the New York law firm Wachtell, Lipton, Rosen & Katz.

Experience

Recent Notable Matters

East Texas Medical Center Healthcare System — sale of substantially all assets to Ardent Health Services, including a network of 9 hospitals, 39 clinics, 2 inpatient facilities, 13 regional rehabilitation facilities, physician clinics, 2 emergency centers, regional home health services covering 41 counties, a comprehensive seven-trauma center care network, and an EMS fleet of more than 45 ambulances and 4 helicopters. In connection with the acquisition, Ardent and The UT Health Science Center formed a partnership and will invest more than $125 million in the new UT Health East Texas health system to support operations and fund improvements.

Holly Energy Partners, L.P. — $250 million acquisition from Plains All American Pipeline, L.P. of the 50 percent and 75 percent interest in Frontier Aspen LLC and SLC Pipeline LLC, respectively, that Holly Energy Partners does not already own

Great Plains Energy Incorporated — stock-for-stock merger of equals transaction with Westar Energy, Inc., creating a company with a combined equity value of approximately $14 billion, and with nearly 13,000 MW of generation capacity and more than 51,000 miles of distribution lines

Chevron Corporation — sale to ONEOK Partners, LP of the Mesquite Pipeline and its 80 percent interest in the West Texas LPG Pipeline Limited Partnership for approximately $800 million

Southern Waste Systems/Sun Recycling — sale of residential, commercial, and industrial solid waste collection, processing/recycling and transfer operations and assets to Waste Management Inc. of Florida

Alinda Capital Partners and GE Energy Financial Services — sale of SourceGas Holdings LLC to Black Hills Corp. for $1.89 billion

Duke Energy Corporation — $2.8 billion sale of its Midwest merchant generation business to a subsidiary of Dynegy Inc., which includes ownership interests in 11 power plants with a total capacity of approximately 6,100 MW, as well as Duke’s competitive retail electric and gas business; Platts Global Energy Awards, 2015 Strategic Deal of the Year

Lufkin Industries, Inc. — $3.3 billion acquisition by a global conglomerate of a manufacturer of oilfield equipment and industrial gearboxes

Phillips 66 — exchange of Phillips Specialty Products Inc. to Berkshire Hathaway Inc. for shares of Phillips 66 stock held by Berkshire Hathaway affiliates, valued at approximately $1.4 billion

Dexter Axle Company — a designer and manufacturer of trailer axles, brakes and related components, in the acquisition of AL-KO Vehicle Technology from AL-KO Kober SE for €370 million to form DexKo Global Inc.

Apache Corporation — $3.75 billion sale of its Gulf of Mexico Shelf operations and assets to Fieldwood Energy LLC, an affiliate of Riverstone Holdings

Old World Industries, LLC and Old World Management, Inc. — sale of its chemicals business to Indorama Ventures PCL for $795 million

FTS International, Inc. — sale of substantially all of the assets of its proppant mining and processing business and related logistics assets to Fairmount Minerals

Rockland Capital, LLC — acquisition of a portfolio of six generating plants with a combined generation capacity of 972.5 MW from AES Ohio Generation, LLC

The Sterling Group — sale of Universal Fiber Systems, a manufacturer of high-performance, specialty synthetic fibers, to funds managed by HIG

Howard Midstream Energy Partners, LLC — purchase of northeast Pennsylvania gathering assets from Southwestern Energy Company for $500 million

One of the largest energy companies in North America — sale of interests in two natural gas pipeline systems for over $6 billion

Apache Corporation — $2.85 billion acquisition of Cordillera Energy Partners III, LLC, which holds oil and gas assets in the Anadarko/Granite Wash Basin

Cinergy Corp — $9.1 billion acquisition by Duke Energy*

Arrow Group — a manufacturer of generic pharmaceuticals, in its $1.75 billion sale to Watson Pharmaceuticals*

Respironics, Inc. — a provider of medical devices for the sleep therapy and respiratory markets, in its $5.1 billion sale to Royal Philips Electronics*

Longs Drug Stores Corporation — $2.9 billion sale to CVS Caremark*

Vulcan Materials Company — the largest U.S. producer of construction aggregates, in its $4.6 billion acquisition of Florida Rock Industries Inc.*

PNC Financial Services Group — $5.6 billion acquisition of National City Corporation*

Maytag Corporation — acquisition by Whirlpool Corporation for $2.7 billion*

Rohm & Haas — $15 billion sale to Dow Chemical*

* Work completed prior to Bracewell

Publications and Speeches

"Criminal Prosecutions over No-Poaching Arrangements Are Coming," Society for Human Resource Management, April 5, 2018.

"Reassessing and Optimizing the Value of an Effective Compliance Program", 2016 Oil & Gas Regulatory Symposium, Bracewell LLP, October 6, 2016.

“Beating the Competition: Antitrust Issues in Mergers & Acquisitions,” Recycling Today, May 2016.

“Navigating the Turbulent Waters of Aggressive Antitrust Merger Enforcement,” Association of Corporate Counsel Greater New York Chapter, July 23, 2014.

"FTC Broadens Notification Requirements for Transfers of Pharmaceutical Patent Rights," IP Today, January 2014.

"Deal Makers Take Note: Recent Trends in Merger Enforcement at the U.S. Antitrust Agencies," Ethics & Compliance Officers Association Annual Conference, Sept. 25-27, 2013.

"Shining a Light on the Middle Market," AM&AA Summer Conference, July 9-11, 2013.

"The United States," The Design of Competition Law Institutions: Global Norms, Local Choices, 329-383 (Oxford University Press, 2013).

Credentials

Education

New York University School of Law,
Master of Law
2004
University of New South Wales, Australia,
Bachelor of Laws
2000
University of New South Wales, Australia,
B.Sc.
2000

Bar Admissions

New York
New South Wales, Australia

Affiliations

American Bar Association
New York State Bar Association
Association of the Bar of the City of New York
Law Society of New South Wales

News

News

Criminal Prosecutions Over No-Poaching Arrangements Are Coming

April 5, 2018
Society for Human Resource Management

Deal of the Week: $235 Million Energy Deal

October 9, 2014
Texas Lawyer - Houston Bureau

Special Feature -- Clash Of Titans over Biosimilars at FTC Workshop

February 6, 2014
Intellectual Property Today Online

Texas Trio Take Lead on Xmas Energy M&A Deals

December 24, 2013
American Lawyer - Online

Busted by the EU?

December 9, 2013
Journal of Commerce

Deal of the Week: Lots of Energy

May 3, 2013
Texas Lawyer - Houston Bureau

Insights

Insights

FTC Narrows Scope of HSR Reporting Exemption for Certain Acquisitions

On July 20, 2015, the Federal Trade Commission (FTC) released revisions to its interpretation of the rule, 16 C.F.R. §802.5, that exempts certain acquisitions of "investment rental property assets" from reportability under the Hart-Scott-Rodino (HSR) Act. The HSR Act requires that mergers and acquisitions exceeding certain...

Competition Advocacy Group Files Comments in FERC Proceeding Involving Transmission Merger

January 29, 2013

On January 22, 2013, the American Antitrust Institute (AAI), an independent non-profit organization with a mission to advance the role of competition in the economy and protect consumers, filed comments in the Federal Energy Regulatory Commission's proceeding involving the proposed merger of the transmission businesses of ITC Holdings Corp. (ITC) and Entergy Corporation (Entergy). FERC is reviewing the transaction under Section 203 of the Federal Power Act. If the $1.8 billion transaction is approved, ITC will become one of the largest electric transmission companies in the U.S., with over 30...

FTC Defers to State Resolution of Competitive Concerns Arising Out of Acquisition of Natural Gas Assets

November 15, 2012

On November 7, 2012, the Federal Trade Commission announced it had closed its investigation of Hilcorp Alaska LLC's proposed $375M acquisition of Marathon Oil Company's Cook Inlet, Alaska natural gas production, storage, and pipeline assets, despite identifying several competitive concerns with the transaction. The FTC explained in a written statement that this unusual move was based upon the "unique circumstances" of the case, specifically, that the effects of the proposed acquisition are confined solely to consumers in Alaska and that the State of Alaska has negotiated a consent decree that...

Latest Chapter in New York Market Manipulation Case: Court OKs Morgan Stanley's $4.8 Million Settlement

On August 7, 2012, U.S. District Judge William H. Pauley III granted the Department of Justice Antitrust Division's (DOJ) motion for entry of a consent decree requiring Morgan Stanley to disgorge $4.8 million for its role in an allegedly illegal swap agreement that allowed KeySpan Corporation (KeySpan) to manipulate energy prices in the New York City electric generating capacity market (see Memorandum & Order , U.S. v. Morgan Stanley, Case No. 1:11-cv-06875 (S.D.N.Y., Aug 7, 2012)). As explained in previous blog entries in February 2010 and February 2011 , a financial swap agreement...

FERC Decides to Retain Existing Merger Review Policies

February 24, 2012

On February 16, 2012, FERC issued an order ( February 16 Order ) reaffirming its existing merger review policies under Section 203 of the Federal Power Act (FPA) and its current framework for analyzing requests for market-based rate authority under section 205 of the FPA. In March of last year, FERC had sought comment in a Notice of Inquiry (NOI) on whether it should amend its existing policies in these two areas in light of new Horizontal Merger Guidelines (2010 HMG) issued jointly by the Federal Trade Commission (FTC) and Department of Justice (DOJ) on August 19, 2010. The NOI explained...

Here We Go Again: Another Attempt at Recovery for Ratepayers Resulting from KeySpan-Morgan Stanley Swap

Another class action lawsuit has been filed against KeySpan Corporation (KeySpan) and Morgan Stanley Capital Group Inc. (Morgan Stanley), claiming damages for antitrust violations resulting from an allegedly illegal swap agreement that allowed KeySpan to manipulate energy prices in the New York City electric generating capacity market (NYC Capacity Market), see Konefsky et al. v. KeySpan Corp., et al ., Case No. 1:12-cv-00017. The complaint was filed on January 6, 2012 in the U.S. District Court for the Western District of New York on behalf of electric customers of National Grid, which...

Noteworthy

Noteworthy

Chambers USA
New York Antitrust, 2016 - 2017
The Legal 500 United States
Antitrust - Merger Control, 2016 - 2018; Energy: Transactions, 2014
Euromoney Institutional Investor PLC
IFLR1000 Financial & Corporate Guide
2019
Thomson Reuters
New York Super Lawyers
Rising Stars, 2015 - 2016

Events

Past Events

Hemli to Speak at ACI Annual Summit

New York
December 6, 2017

ECOA 21st Annual Ethics and Compliance Conference

Rosemont
September 24, 2013
September 27, 2013

AM&AA 2013 Summer Conference

Chicago
July 9, 2013
July 11, 2013