- Reforming EU merger control
- Commissioner Almunia sponsored several merger reform initiatives during his time at the head of DG COMP, but merger reform has so far not been a key part of Commissioner Vestager’s agenda. Why is the new consultation important? To what extent does DG COMP’s new consultation represent a continuation of Almunia’s reform proposals, and to what extent does the consultation map out a new agenda?
- What are the options the Commission is considering to capture competitively significant acquisitions that don’t meet the current turnover thresholds?
- How do other jurisdictions that have or are considering deal size thresholds—in particular the US and Germany—deal with these issues?
- Although DG COMP’s proposals on EUMR thresholds are likely to attract most attention, what are some of the other proposals? Are any of them particularly interesting or controversial?
- The consultation is clearly a major initiative for Vestager and DG COMP. What are the next steps?
- How does Brexit impact the Commission’s merger reform proposals, if at all?
Competition analysis: Commissioner Vestager turns her focus to reforming EU merger control, launching a consultation on changes to the current jurisdictional thresholds to capture more transactions in the IT and pharma sectors, as well as certain other procedural issues. Jay Modrall, partner at Norton Rose Fulbright in Brussels, discusses the consultation and possible changes ahead.
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