The Autorité de la concurrence announces several measures aimed at streamlining and simplifying mergers' procedures for companies.
Last October, the Autorité launched a reflective process aimed at modernizing and simplifying merger law. Following a public consultation launched in October 2017, the Autorité issues an opinion on possible legislative changes and presents measures intented to simplify and modernise merger control. The planned measures could be implemented by the end of 2018.
Assessment of the adequacy of the legislative framework governing merger control:
|In light of these contributions (most of which have been published on the website of the Autorité) and its own analysis, the Autorité concluded that:
- The notification thresholds applicable to company mergers were indeed proportionate, including when compared with other countries,
- The existence of a specific threshold for the retail sector appeared still to be justified in light of the local competition issues that can arise.
|The Autorité also hereby announces a significant streamlining of the information required from companies under the simplified procedure, along with the creation of a new ultra-simplified, digital platform-based declaration system.|