A simplified package — European Commission relieves the administrative burden in merger reviews
On 5 December 2013, the European Commission announced its plan to adopt a legislative package with the aim of simplifying the merger notification procedures imposed on companies by the EU Merger Regulation. This is in line with the commission’s Regulatory Fitness and Performance Programme (REFIT), which is aimed at evaluating EU legislation and regulation for any inefficiencies or administrative burdens and, where necessary, to reduce such inefficiencies or burdens.
The package follows a public consultation launched by the European Commission in March 2013, and the new procedures within the package came into effect on 1 January 2014.
The adopted package contains several measures designed to increase the number of transactions that will be eligible for review under the less time-consuming ‘Simplified Procedure’…
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