Strengthening of the powers of the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) (“ICA”)Mergers The Competition Law amends the test applied by the ICA for the assessment of mergers by aligning it with the test adopted at the EU level. In particular, the Competition Law amends Article 6(1) of Italian Law no. 287 of 10 October 1990 (“Law 287/1990”) which, pursuant to the previous wording, provided that the test was the assessment by the ICA as to whether the merger would lead to the establishment or strengthening of a dominant position in the domestic market, as a result of which competition would be substantially and permanently eliminated or reduced. Conversely, according to the new wording, the ICA will have to verify whether the notified transaction
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The Italian Parliament amends competition law with the 2021 Annual Market & Competition Law scheduled to enter into force in August 2022
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