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European Merger Control: Do We Need an Efficiency Defence?
 
 
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European Merger Control: Do We Need an Efficiency Defence? (Hardcover)

by Fabienne Ilzkovitz (Editor), Roderick Meiklejohn (Editor) "The purpose of this chapter is to provide some background for the discussion which follows about the efficiency effects of mergers ..." (more)
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During its first fifteen years, the EUs merger control system, unlike most others in the world, offered only minimal possibilities for taking efficiency gains into account as a mitigating factor that might offset the anti-competitive effects of a merger. This book examines the background to a change in the legal framework which occurred in May 2004 with the entry into force of a new Merger Regulation that for the first time explicitly recognises the possibility of an efficiency defence.
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