By Maher M. Dabbah, K. P. E. Lasok QC
Merger regulate around the globe is a entire, multi-contributor assortment which units out the main points of each jurisdiction the place a mechanism for merger regulate is in position. A concise, functional account is given of the appropriate legislations in every one jurisdiction, awarded by way of flowcharts and diagrams. Merger keep an eye on around the globe goals to supply the felony group, particularly legislation enterprises and policy-makers, with a transparent element of reference that might end up beneficial while making judgements and supplying sound and exact recommendation in merger instances. This, the second one complement to Merger keep an eye on all over the world, offers an replace on advancements that experience happened lately within the box. It encompasses a accomplished appraisal of a brand new jurisdiction, Singapore.
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Additional resources for Merger Control Worldwide: Second Supplement to the First Edition (Merger Control Worldwide)
Approximately half of non-confidential mergers considered by the Commission are subject to a Basic Review. The Commission will usually complete a Basic Review within 2 to 3 weeks, although information requests may extend this time frame. At the completion of a Basic Review, the Commission’s decision and summary analysis is posted on the Commission’s website. Comprehensive Review: All other non-confidential mergers are subject to a Comprehensive Review which involves two distinct review phases. Phase I usually lasts 6 to 8 weeks from the date submissions are received, including a 2 to 3 week market inquiry process.
Appeal Under the new Cartel Act 2005, the Supreme Cartel Court must make a decision within two months of the case reaching it. Belgium Ivo Van Bael and Kris Somers Van Bael & Bellis, Brussels, Belgium See Merger Control Worldwide Vol. 1, Chapter 7, pp. 150–169 1. New merger thresholds On 19 July 2005, new merger notification thresholds entered into force by the adoption of a Royal Decree of 3 July 2005 amending the current Competition Act. The system of mandatory pre-merger notification is maintained, but the notification thresholds have been increased significantly.
Secondly, the Commission could identify that it has competition concerns with the merger and is unable to form a view without undertaking market inquiries once the merger becomes public. Thirdly, the Commission may indicate that it has formed a preliminary view that the merger would breach Section 50 of the Trade Practices Act. Basic Review: If the merger is not confidential and the Commission decides that no or limited public consultation (“market inquiries”) is required the merger will be subject to a Basic Review.