Regulatory maze hits merger hopefuls

The New York firm's survey of 99 jurisdictions shows that companies planning global deals face a mass of new, and often inconsistent regulations.

More than 50 countries now have merger notification rules, 40 countries have introduced new merger control regulations in the past decade and many countries have revamped their competition laws in the last three years.

Companies which do not correctly find their way through the regulatory maze face steep financial penalties or even the cancellation of multi-million pound deals in extreme cases.

Says White & Case's head of competition, Robert Paul: “While companies tend to focus on the US and EU requirements, billion-dollar transactions have been delayed awaiting the approval of jurisdictions thought inconsequential.”