EU merger control: new notification procedures in effect
A number of reforms designed to simplify certain aspects of the EU merger control process came into effect from 1 January 2014.
There are three main changes. First, the scope of the simplified review procedure under the EU Merger Regulation (EUMR) has been widened. Second, the amount of information required by the European Commission has decreased with respect to some items (although it appears it could actually increase with respect to others). Finally, the relevant notification forms have been updated to streamline the entire process.
Under the EUMR, transactions that do not raise competition concerns qualify for a simplified notification process and review. The main benefit of the simplified procedure is that it reduces the amount of information that has to be provided by the parties. It typically also allows for a faster pre-notification process. The reform package has expanded the scope of this so-called short-form procedure as follows…
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