1 / 6

Implementing the ICN R ecommended Practices for Merger Notification and Review

Implementing the ICN R ecommended Practices for Merger Notification and Review Experience of the Czech Republic Martin Pecina, Chairman Office for the Protection of Competition of the Czech Republic ICN AC Moscow /Implementation Panel Friday, 1 June 200 7.

jermaine-roth
Download Presentation

Implementing the ICN R ecommended Practices for Merger Notification and Review

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Implementing the ICN Recommended Practices for Merger Notification and Review Experience of the Czech Republic Martin Pecina, Chairman Office for the Protection of Competition of the Czech Republic ICN AC Moscow/Implementation Panel Friday, 1June 2007 OFFICE FOR THE PROTECTION OF COMPETITION OF THE CZECH REPUBLIC

  2. „ICN Amendment“ to the Czech Competition Act in 2004 • Significantly strengthened local nexus in line with ICN RP for MNR • Notification criteria – combination of national and worldwide turnovers of merging parties,increased turnover values • Abolishing the duty to notify a concentration within the period of seven days • Result:number of concentrations notified per year decreased from 239 in 2003 to 56in 2005 (2004 was a transition period) OFFICE FOR THE PROTECTION OF COMPETITION OF THE CZECH REPUBLIC

  3. „ICN Amendment“ to the Czech Competition Actin preparation • 2007 – Preparations of the sixth amendment to the Competition Act initiated • Main changes: procedure in competition cases and merger control • Opportunity to implement „second generation“ ICN recommendations • Broad discussion on the amendment • Barristers and companies´ representatives, academics • The goal – broad support to new legal regulation OFFICE FOR THE PROTECTION OF COMPETITION OF THE CZECH REPUBLIC

  4. Using ICN recommendations in legislative process • Introducing simplified procedure • In predefined categories of mergers • Less information required • Shorter proceeding • Approving merger without a decision (comfort letters)? • Implementation of recommendations IV.B., V.A. and V.B • Balance between transparency and protection of sensitive and confidential information • Access to file regime • Implementation of recommendations VIII.A. and IX. • Speeding up the judicial review • Risk of delayed justice • Implementation of recommendation VII.E. OFFICE FOR THE PROTECTION OF COMPETITION OF THE CZECH REPUBLIC

  5. Using ICN recommendations in creation of soft law • Pre-notification consultations • Implementation of recommendation V.C. • Statement of objections • Implementation of recommendation VII.B. • Guidelines for companies • E.g. Commitments Guidelines • Implementation of recommendation VIII.A., VIII.B. and XI.B. OFFICE FOR THE PROTECTION OF COMPETITION OF THE CZECH REPUBLIC

  6. Further information on www.compet.cz OFFICE FOR THE PROTECTION OF COMPETITION OF THE CZECH REPUBLIC

More Related