Global Competition Law is primarly a practitioner's guide presenting the most salient aspects of the major competition laws country by country, giving an overview of their structure and most charasteristic elements.
Global Competition Law also provides insight into possible future developments in the field.

Global Competition Law

  Under Section 67, the Commission may grant an authorization for an acquisition that may result in a substantial lessening of competition, where the public benefits resulting from the transaction outweigh the detriments it causes. The Commission should give or decline authorization within 60 working days or more if the Commission and the parties agree on a longer deadline.   …

Authorization

New Zealand has a voluntary pre-merger notification methodology. Parties are permitted but not required to lodge a notice with the Commission seeking either clearance or authorization.

Filing fees are set at NZ$ 2,000 (US$ 1,273) for clearance and NZ$ 20,000 (US$ 12,726) for authorization.

Merger notification

 Under Section 66, clearance may be granted where the Commission is satisfied that the proposed transaction would not have, or would not be likely to have, the effect of substantially lessening competition in a market. Section 68 requires applicants for clearance to furnish information requested by the Commission and entitles the latter to consult with any person able to assist in making a determination. Before making a final decision, the Commission may hold a conference after giving notice to persons entitled to attend (Section 69B). An application for clearance pursuant to Section 66 is to be resolved within 40 working days from receipt of the official notification, although the Commission and the parties may agree on a longer deadline. If the specified period expires without the Commission having given its authorization for the acquisition, the Commission is deemed to have refused to give its authorization for the acquisition. 

Informal clearance

  Under Section 67, the Commission may grant an authorization for an acquisition that may result in a substantial lessening of competition, where the public benefits resulting from the transaction outweigh the detriments it causes. The Commission should give or decline authorization within 60 working days or more if the Commission and the parties agree on a longer deadline.  

Global Competition Law

1162. Authorization

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Les notions juridiques connexes

1162. Authorization

Demandez un accès gratuit au contenu exclusif Livv – juristes d’entreprise

Les notions juridiques connexes

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise