The Competition Commission of India approves an acquisition after requiring modification of a non-compete agreement (Mylan/SAL)

Sections of India's Competition Act relating to anticompetitive agreements and abuse of dominance were brought into force in May 2009, but the merger review sections and the associated draft implementing regulations remained extremely controversial in Indian and foreign business circles. [1] The merger review sections, along with a new set of regulations, were brought into force only with effect from June 2011. Since then, notice of any “combination” (merger or acquisition) exceeding certain specified financial thresholds must be given to the Competition Commission of India (CCI). The Act requires the CCI to review all notified combinations to determine whether they are likely to have an “appreciable adverse effect on competition” (AAEC) in the relevant market in India, paying “due regard

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Aditya Bhattacharjea, The Competition Commission of India approves an acquisition after requiring modification of a non-compete agreement (Mylan/SAL), 20 June 2013, e-Competitions June 2013, Art. N° 54161

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