ARTICLES : MERGERS - FRENCH COMPETITION AUTHORITY - REMEDIES - STATUS REPORT
Three years of merger control by the French Competition Authority: Status report and prospects
More than three years after the entry into force of the LME, which transferred to the Autorité de la Concurrence the responsibility of merger control, a progress report is needed. A balanced and pragmatic practice has emerged, but the Autorité also demonstrated viligance regarding compliance with the rules. Continuous adaptation of tools and analysis announce a revision of guidelines relating to merger control that will be implemented in the first quarter 2013.
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1. The transfer to the Competition Authority of responsibility for merger control under the Law on the Modernisation of the Economy (LME) of 4 August 2008 came into force on 2 March 2009, i.e. just over three years ago.
2. The institutional assessment of this reform now calls for brief developments. The LME has brought the French model closer to the one in force in almost all European countries, by entrusting the independent specialised authority with decision-making power, after examining the competitive record of merger operations. It has also made adjustments designed to make the French merger control system more modern, faster and more effective. The
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