Article
European Commission Releases Draft Merger Guidelines: A Modernized Merger Assessment Framework That Addresses Concerns Of Global Competitiveness
The European Commission has published draft Merger Guidelines representing the most comprehensive modernization of EU merger control in over twenty years. Spurred by landmark reports from Enrico Letta and Mario Draghi calling for regulatory reform to enable European firms to achieve global competitive scale, the draft introduces significant changes including a formal "theory of benefit" framework for efficiencies, an "innovation shield" for startup acquisitions, expanded non-price competition parameters, an
Hogan Lovells Cadwalader