On 15 October 2009 DELTA M. d.o.o. (DELTA M) [1] , Serbian company with operations in agribusiness, food processing, retail, distribution, automotive business, real estate development and financial brokerage applied to the Serbian Competition Authority (KZK) [2] asking for clarification of the merger notification regime. According to the Law on Protection of Competition [3] , mergers that reach certain annual turnover thresholds have to be notified to the KZK. During the merger assessment process conducted by the KZK merging parties have to suspend their transaction until the KZK issues an individual clearance decision or until the expiration of four month period [4]. In its submission DELTA M inquired whether merging parties can proceed with the concentration upon the expiration of
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The Serbian Competition Authority clarifies that if it does not issue individual merger decision within the specified timeframe, the notified merger should be considered prohibited (Delta M)
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