As a growing number of countries have adopted merger control laws,
merger operations affecting different national markets are likely
to be reviewed by different national competition authorities.
Multijurisdictional review, however, may result in high compliance
costs for merging parties as well as in inconsistent regulatory
decisions. Mechanisms for international cooperation between
competition authorities can be viewed as necessary to effectively
handle the competition review of such transactions. Thus, this book
proposes the creation of an international merger control framework
(IMCF) which rests on two pillars. The first pillar comprises the
web of bilateral cooperation agreements, while the second pillar
includes a set of non binding international competition principles,
largely based on the work of the International Competition Network.
As it gives an insight into problems associated with the regulation
of transnational mergers, recommending how to shape an
international framework for the review of these transactions, the
book should be of interest to lawyers and scholars involved in
international competition law.
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