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We have been asked to update the foreword to this impressive publication. [1] We take great pride in accepting this assignment and we hope that our contribution to this important piece of work helps set the scene in an ever more complex world of merger control procedures. Mergers and acquisitions [2] are key functions of the capital markets. Combined with the fact that nowadays a merger control regime is in force in almost every country of the world, the need for merger clearance is often seen as a potentially frustrating bump on the road. Time is money, and every day spent awaiting merger clearance has an impact on the profitability calculations behind a deal. Hence, the parties are eager to speed up the merger control process as much as possible. Bearing that in mind, it is hard to

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