Local nexus in merger control regimes

Authors

  • Daniela Lukáčová Antimonopoly Office of the Slovak Republic

DOI:

https://doi.org/10.46282/blr.2017.1.1.71

Keywords:

Local nexus, merger control, multijurisdictional mergers, globalization

Abstract

Merger control is one of the competition law tools. While competition authorities in EU act primarily on the basis of national legislation, European Commission controls mergers with EU dimension. The jurisdictional tests relate only to the economic size of the parties and do not depend on the market shares of the parties or substantive impact of the transaction, or on whether the concentration will have any effects within the state. Globalization increases the number of multijurisdictional mergers that are subject to control of several competition authorities within or outside the EU. Differences in merger control proceedings in such cases with regard to the timeframe, or the result of the proceeding, could have a negative impact on the economy in another country. Parties to the concentration could decide to neglect the merger notification due to the timeframe, or complications connected with approving of multijurisdictional merger in other countries with jurisdiction. Therefore, the national authorities’ effort to set in their legislation turnover criteria with local nexus could help to control concentrations with potential effect on competition in their country.

References

ROSE, V. – ROTH, P.: European Community Law of Competition (Bellamy & Child). 6th edition. Oxford: Oxford University Press, 2008, ISBN 978-0—19-928644-7.

ICN Merger working group: Recommended Practices For Merger Notification Procedures http://www.internationalcompetitionnetwork.org/working-groups/current/merger/notification-procedures.aspx

OECD, Recommendation of the Council on Merger Review C(2005)34, 23.3.2005 http://acts.oecd.org/Instruments/ ShowInstrumentView.aspx?InstrumentID=195&InstrumentPID=191&Lang=en&Book=False

OECD, Background paper by Secretariat: Local nexus and jurisdictional thresholds in merger control, DAF/COMP/WP3(2016)4, 10.3.2016.

EUROPEAN COMMISSION, White Paper Towards more effective EU merger control, COM(2014) 449.

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Published

2017-10-01

How to Cite

Lukáčová, D. (2017). Local nexus in merger control regimes. Bratislava Law Review, 1(1), 155–160. https://doi.org/10.46282/blr.2017.1.1.71

Issue

Section

Discussion Papers and Commentaries