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Competition Law: Merger Clearance in Australia

Date: 22 November 2016

Australia has a voluntary premerger notification regime, administered by a well-resourced and proactive antitrust authority, the Australian Competition and Consumer Commission (the ACCC).

The ACCC's Merger Guidelines recommend that business should seek clearance from the ACCC in the event that the post merger market share of the merged entity is greater than 20%.

After appropriate investigation and market inquiries, the ACCC can clear a transaction relatively promptly. If it has concerns with a proposal, it has extensive investigatory powers which can result in a lengthy second phase process that has no statutory time limit.

Ultimately, if the ACCC has concerns with a merger, it will commence proceedings in court to restrain its completion or seek divestiture of the acquired shares or assets.

To read the full chapter, please click here.

Ayman Guirguis (2016). 'Competition Law: Merger Clearance in Australia'. In Nick Humphrey's Negotiated Acquisitions and Buyouts (pp. 277 to 289). Sydney: Wolters Kluwer, CCH. 

This publication/newsletter is for informational purposes and does not contain or convey legal advice. The information herein should not be used or relied upon in regard to any particular facts or circumstances without first consulting a lawyer. Any views expressed herein are those of the author(s) and not necessarily those of the law firm's clients.

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