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The Role of Efficiencies in Merger Control: Comparative EU-USA Perspective (CROSBI ID 153841)

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Vlatka Butorac The Role of Efficiencies in Merger Control: Comparative EU-USA Perspective // Zbornik Pravnog fakulteta Sveučilišta u Rijeci, 29 (2008), 2; 851-886

Podaci o odgovornosti

Vlatka Butorac

engleski

The Role of Efficiencies in Merger Control: Comparative EU-USA Perspective

Summary In more then one occasion a proposed transatlantic merger was cleared in one jurisdiction and prohibited in another. Opposing decisions rested, inter alia, on different approaches towards efficiencies in merger appraisal. Essentially, the issue is whether potential efficiencies generated by a proposed merger should be treated as an offsetting factor in finding of anticompetitive concerns. Author analyses the EU and USA approach towards efficiencies in merger appraisal, trying to answer the question whether full convergence on this issue has been achieved by the 2004 and 2007 reform of merger control rules in the EU. Although it can be observed that today the two approaches appear to be strikingly similar, author argues that discrepancies may still persist, as the rules that have been formally aligned are most likely to be interpreted and applied differently in the two jurisdictions. To substantiate the argument the author performs an in depth analysis of respective legislative histories, policy objectives underpinning legal rules, and the existent legal practices likely to be applied to new rules.

competition; merger control; efficiencies

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Podaci o izdanju

29 (2)

2008.

851-886

objavljeno

1330-349X

Povezanost rada

Pravo

Indeksiranost