Mergers: Commission's package to cut red tape for merging businesses enters into force
Today, the package adopted on 20 April 2023
to further simplify procedures for reviewing concentrations under the
EU Merger Regulation enters into force. The package includes: (i) a
revised Implementing Regulation; (ii) a Notice on Simplified Procedure; and (iii) a Communication on the transmission of documents.
The revised rules are expected to bring
significant benefits for businesses and advisers in terms of preparatory
work and related costs, while allowing the European Commission to
allocate time and resources more efficiently.
In particular, the main changes
to the previous rules expand and clarify the categories of cases
handled under the simplified procedure and streamline both simplified
and normal merger review procedures, by reducing the amount of
information required for notifying transactions and by optimising the
transmission of documents.
More information can be found on the Commission's dedicated webpage, including under the practical information section, as well as in the Merger Policy Brief on this initiative published today.
(For more information: Daniel Ferrie – Tel.: +32 2 298 65 00; Sara Simonini – Tel.: +32 2 298 33 67)
vedi anche: https://ec.europa.eu/newsroom/comp/redirection/item/798316/en/2012
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