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The Role of Competition and State Aid Policy in Financial and Monetary Law

Journal of International Economic Law , Volume 13 (3) – Sep 1, 2010

Details

Publisher
Oxford University Press
Copyright
Copyright © 2010 Oxford University Press
ISSN
1369-3034
eISSN
1464-3758
D.O.I.
10.1093/jiel/jgq028
Publisher site
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The Role of Competition and State Aid Policy in Financial and Monetary Law

Abstract

During the financial crisis, companies and lenders found themselves in distressed situations. Competition authorities across the globe had to deal with controversial issues such as the application of the ‘failing firm’ defence in merger transactions as well as assessment of emergency aid granted by states. This article considers competition policy in periods of crisis, in particular the failing firm defence in merger control and its state aid policy.
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