Examines, with special regard to business, the operation of certain aspects of the Merger Control Regulation (MCR), particularly the “one‐stop‐shop‐approach”, that is likely to be reappraised at the forthcoming inter‐governmental conference or the scheduled review of the MCR. Uses the critical concepts of certainty, uniformity and transparency, to explore the scope and effectiveness of the “one‐stop‐shop‐approach” with regard to: definition of a community dimension; distinct markets (Article 9 MCR) and parallel EC/member state enforcement (Article 21 MCR and Article 223 Treaty of Rome). Looks at the role of subsidiarity. Addresses the questionable interpretation by the Commission of the MCR’s applicability to oligopolistic dominance. Considers the proposal for an independent cartel office, particularly with regard to enhancing transparency and certainty in decision making. Concludes by proposing an alternative definition of community dimension, not based on the size of the parties measured by aggregate turnover of all their products, but rather on the competition spillover effects on the specific product markets affected by the concentration.
European Business Review – Emerald Publishing
Published: Apr 1, 1996
Keywords: European Union; Legislation; Mergers and acquisitions
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