The European Commission ("Commission") has announced its plans to both reshape the simplified merger notification process within the framework of the EUMR1 in order to extend the option of simplified notification to more merging businesses and, to reduce the administrative burden on all merger notifications, with effect from 1 January 2014. This will bring benefits for both businesses, their advisors and for the Commission.
As part of the Commission's on-going review of its processes, a consultation carried out by the Commission earlier in 2013 has prompted changes to the existing process with a view to reducing costs and preparatory work for businesses notifying transactions. In addition, the Commission carried out targeted analysis of 850 completed mergers that were notified with a Form CO (full version) but that perhaps could have benefited from the simplified procedure given they did not raise any competition concerns....
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Topics: Acquisition Agreements, Acquisitions, Commercial Contracts, EU, European Commission, International Tax Issues, Merger Agreements, Mergers, Notifications, Premerger Notifications
Published In: Antitrust & Trade Regulation Updates, General Business Updates, International Trade Updates, Mergers & Acquisitions Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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