/javascript" src="../static/js/analytics.js"> CalTrade Report - International Merger Guidelines Issued mergers, CalTrade Report - International Merger Guidelines Issued - CalTrade Report Asia Quake Victims New practices recommended covering transparency, enforcement, information sharing, and merger reviews. - New practices recommended covering transparency, enforcement, information sharing, and merger reviews. - International Merger Guidelines Issued mergers, CalTrade Report - International Merger Guidelines Issued

 

Tuesday, June 13, 2006

 

Become a CalTrade Member--It's Free!
Front Page
Page Two
PR Newswire
Opinion
Profiles
Trade Leads
Calendar
Mission
Editor
Press Releases
Partner Orgs
Advertise Opp.
Contact Us
Int.Time Clock
Currency Calc
Cal Links
Free Services


Our Car

Front Page

E-mail PagePrint Version



International Merger Guidelines Issued

WASHINGTON, DC - Antitrust officials from about 50 countries including the US have worked out voluntary guidelines for cross-border merger notifications, according to the US Department of Justice (DOJ).

The DOJ described the four new recommended practices adopted by the International Competition Network (ICN) at its most recent conference in Merida, Mexico.

One recommendation says that reviews of pending merger transactions should be accomplished "within a reasonable time period." Another says that laws controlling mergers should be enforced transparently and that governments to review their
merger-control policies periodically to compare those policies with best practices.

The recommendations also suggest requirements for initial notifications by companies that are proposing mergers.

In addition, the officials discussed ways of assisting new antitrust agencies in developing countries.

"Adoption of these practices, based upon sound antitrust enforcement ideals, are important steps toward streamlining multi-jurisdictional merger review, and global antitrust convergence generally," said R. Hewitt Pate, the US Assistant Attorney General who headed the US delegation to the conference.

Representatives of antitrust agencies were joined at the conference by approximately 60 non-governmental advisors, including representatives of international organizations, antitrust practitioners, economists, representatives of industry and consumer associations, and members of the academic community.

The ICN was launched in October, 2001 by the DOJ, the Federal Trade Commission, and 13 foreign antitrust agencies to provide a venue where senior antitrust officials from developed and developing countries work to reach consensus on proposals for procedural and substantive convergence in antitrust enforcement.

Go back, or read the latest Front Page stories:

US Seeks Stronger Ties With Brazil

WASHINGTON, DC – 06/13/06 – Rebounding from the failure to craft a Free Trade Area of the Americas pact, the Bush Administration is aiming at strengthening trade ties with Brazil in an effort to counter China’s fast-growing economic influence in Latin America; China should not only be seen as an export market with 1.3 billion consumers, but also as a nation of 1.3 billion ''new competitors,'' says US Secretary of Commerce Carlos Guittierez.


US Threatens WTO Action Against China

WASHINGTON, DC – 06/10/06 – The White House is threatening to slap China with a World Trade Organization case unless Beijing responds quickly to US concerns over its lack of action on securing intellectual property rights for US products; talks on bringing the WTO case are at a ''very advanced stage,'' according to a high level official in the Office of the US trade Representative.


High Hopes for Central American Trade Pact

WASHINGTON, DC – 06/08/06 – The US -Central American Free Trade Agreement (CAFTA) still faces some hurdles, but could become a reality ''very soon,'' according to Deputy Secretary of State Robert Zoellick; the issues relating to government procurement, intellectual property rights and agriculture still need to be worked through, says the former US Trade Representative following a session of the Organization of American States (OAS) General Assembly in Santo Domingo, Dominican Republic.





 

 


Web Design & Development by Turn-It-Digital in Los Angeles