On 27 August 2022, the 2021 Annual Law for the Market and Competition (the “Law”) entered into force. Its most significant changes include the right of the Italian Competition Authority (“ICA”) to review mergers below the notification thresholds, the introduction of a rebuttable presumption of economic dependence vis-à-vis platforms that offer online intermediation services, and expanded investigatory powers of the ICA. Merger control The most notable development concerns the ICA’s right to review transactions below the generally applicable national notification thresholds. Italy thus follows a trend elsewhere in Europe to empower competition authorities to review acquisitions of targets with little or no market presence. Under the new rules,
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The Italian Parliament sees its 2021 Annual Law for the Market and Competition enter into force allowing, for below-threshold merger review, rebuttable presumption of economic dependence, and expanded investigatory powers
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