European Commission reduces notification burden for more mergers
The European Commission has announced its plans to both reshape the simplified merger notification process within the framework of the EUMR 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 advisers and the European Commission.
As part of the commission’s ongoing review of its processes, a consultation carried out by the commission 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 European 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.
The new ‘simplification package’ broadens the applicability of the simplified notification procedure and reduces the amount of information merging businesses are required to submit. In addition, model texts have been drafted for use by merging businesses to address any competition law concerns…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
The Australian Taxation Office released a draft ruling on the Goods and Services Tax treatment of bitcoin transactions on 20 August 2014.
DLA Piper’s ‘Life sciences: patent extension strategies and antitrust global update’ video covers global antitrust and competition issues including product hopping and reverse payment patents.
Analysis from The Lawyer
Regulators are ramping up the pressure in the aftermath of recession, leaving firms to compete for compliance and restructuring work
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.