INTERNATIONALIZATION OF MERGER CONTROL
DOI:
https://doi.org/10.12775/EiP.2012.009Abstract
Globalization and the establishment of transnational corporations lead to a situation, where the same concentration is reviewed in parallel by different national competition authorities. Such mergers are described as multijurisdictional mergers or transnational mergers. The article deals with legal issues that arise in connection with the process of control of multijurisdictional mergers. The author concludes that cooperation between competition authorities in merger cases is growing together with the growing number of multijurisdictional mergers. Furthermore there are various forums of cooperation and each has its characteristics, but to some extent they might be overlapping in some instances. Depending on national barriers the actual scope of cooperation may differ in a particular case. The variety of cooperation forums serves to create a real network of merger control authorities and people. This is crucial for successful cooperation in merger cases and should bring speedy and coherent results.
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