In May 2012, the UK Office of Fair Trading (OFT) closed an investigation into outdoor advertising. The OFT had opened a competition investigation into street furniture advertising contracts held by Clear Channel and JC Decaux following its 2011 market study into outdoor advertising. As a result of the voluntary assurances it received from the two firms, the OFT closed its investigation without reaching a finding of infringement of the Competition Act 1998. A Compass Lexecon team including Jorge Padilla, Neil Dryden, and Segye Shin provided economic analysis and advice to Clear Channel. Compass Lexecon worked with Marc Hansen and John Colahan of Latham & Watkins LLP in London.