New proposals to simplify the EU merger control process
On 27 March 2013, the European Commission published for consultation a proposal to simplify and limit the burden associated with merger control filings to the commission. The principal change is to extend the scope of the simplified procedure for non-problematic cases, which means that more transactions can be notified using the abbreviated notification form, the Short Form CO. The European Commission considers that its proposed changes could allow up to 70 per cent of all notified mergers to qualify for review under the simplified procedure, which is about 10 per cent more than today
The European Commission is also proposing various streamlining amendments to all its notification forms.
The proposed changes are welcome news for business and should reduce the workload and costs involved in seeking clearance for transactions which require notification to the European Commission but do not raise competition law issues…
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