Goodbody, Covington secure ryanair stake

A&L Goodbody and Covington & Burling have struck a blow for client Ryanair in its bitter dispute with Aer Lingus after the European Court of First Instance ruled it could not force Ryanair to sell its holding in acquisition target Aer Lingus.

The European Commission blocked Ryanair’s hostile €1.48bn (£1.15bn) bid for Aer Lingus on competition grounds last summer. Aer Lingus has since tried to force Ryanair to sell its minority stake. Ryanair’s advisers were partners Georg Berrisch and David Hull at Covington and A&L Goodbody partners Vincent Power and Alan McCarthy, as well as John Swift QC at Monckton Chambers. Linklaters advised Aer Lingus.