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B surveying public opinion regarding the merger.C deciding whether the merger can be administrated effectively. Discuss these questions. 1 How is merger control carried out in your jurisdiction? Which authority is responsible for it? 2 What do you think the speaker means when he says 'efficiency gains from the merger'? Can you identify some of the gains alluded to? How are these gains analysed and weighed in your jurisdiction? Are benefits to consumers, such as lower prices, included in this analysis? Should they be? On ch . po 9 In e er Lawyers assist their corporate clients in the EUin getting clearance from the European Commission or a Member Staters] on the competition law aspects of a merger or Acquisition. Naturally, they need to be aware of any changes in the procedures to follow And the deadlines which apply. The text on page 214is an excerpt from a report on changes resulting from the reform of the European Community Merger Regulation [ECMR]. The report was published on the website of a law firm serving large corporations. Read the first paragraph of the report and answer these questions. What does the term one-stop shop usually refer to, and what does it refer to here? The word threshold, which appears several times, refers here to the turnover Threshold. Explain turnover threshold in your own words. Read the whole text and answer these questions. 1 What are the two purposes of a pre-notification request? According to the text, what are the advantages and disadvantages associated with the pre-notification process? Match these words (1-4), italicised in the text, with their definitions (a-d). To notify to the Commission To object to a request Pending the final case allocation Referral of cases to an authority A while awaiting B directing C to oppose D to inform officially Unit 15 Competition law E Jurisdiction One of the great strengths of the ECMRis its one-stop shop - the Ability to notify once to the Commission rather than in each of the 2S Member States. Whereas the largest mergers and acquisitions meet The ECMR thresholds and need therefore be notified only in Brussels, it has become clear that a significant number of mergers With a European dimension do not meet the ECMR thresholds and Require notification in each of several Member States, creating Unnecessary burdens and costs for the parties. In future, where a Case falls below the existing thresholds, and where notification would Otherwise have been required in at least three Member States, the Parties will be able to make a pre-notification request to the Commission to take over the case from the national authorities. If No Member State concerned opposes the application within IS Working days, the Commission will have exclusive jurisdiction Throughout the EEA. If any Member State objects, the case will not Be referred. In the opposite scenario, the parties may also make a pre-notification Request that the case should be examined by a national competition Authority rather than the Commission. If the Member State does not Date: 2015-12-11; view: 1078
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