Author: Nathalie JALABERT-DOURY
Type: Free Article : News
N0:6 of 2003
During its Annual Conference, held in Merida in June 2003, the International Competition Network formally adopted a series of Best Practices for Merger Notification Procedures, that constitute the first attempt to develop at the international level a common body of rules in this respect.
The objective is to promote convergence of existing systems in order to remedy the difficulties raised by the proliferation of national and regional controls.
With this text, the ICN has proved it can provide an effective convergence impulse in merger control : far from levelling down the standards, the Best Practices constitute a detailed, technical exercise establishing a high level of protection of the interests of competition as well as of notifying parties and the first signs that these Best Practices can be useful have already begun to materialise.