The Icn Recommended Practices For Merger Notification ProceduresThe International Competition Network (ICN) is a non-formal organization, functioning basically as a forum, allowing its members – national and multinational antitrust agencies – to disseminate their experience on competition law enforcement and to work, through specifically targeted projects, on the convergence of antitrust laws. One of its most active working groups concentrates on the challenges of merger review in a multi-jurisdictional context. It has recently formulated a list of recommendations and best practices in relation with the procedures for reviewing multi-jurisdictional mergers. The set of recommendations has been approved by the First Annual Conference of the ICN in September 2002.
The following questions have been addressed in this article:What is the binding force of the document?
Who is concerned by the Recommended Practices?
What are the main recommendations to antitrust agencies with regard to merger review?
What is the impact of the Recommended Practices on companies?