The US FTC revises rules on acquisitions of foreign assets and voting securities under HSR regulations

Today’s world of cross-border mergers and acquisitions requires compliance with the antitrust filing schemes of a potentially large number of jurisdictions. Many jurisdictions have their own filing requirements and the rules on reportability are often technical and complex. Most statutes screen out international deals that have only a minor nexus to the jurisdiction. The U.S. pre-merger antitrust filing scheme is embodied in the Hart-Scott-Rodino (“HSR”) Act of 1976. The HSR Act requires filing and the observance of waiting periods prior to closing for transactions meeting various size requirements (in terms of the size of transaction and, in some cases, the size of the companies involved). The Act screens out deals with little nexus to the United States by providing exemptions for

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  • White & Case (New York)

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Martin Toto, The US FTC revises rules on acquisitions of foreign assets and voting securities under HSR regulations, 17 April 2002, e-Competitions Bulletin April 2002, Art. N° 37077

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