Special EU merger filing arrangements for COVID-19
The European Commission has urged companies to postpone merger notifications in response to the coronavirus situation.
The Commission points to “complexities and disruptions” and asks businesses to delay making filings until further notice and where this is possible.
The Commission has adopted remote working for most staff and put in person meetings on hold. It also expects to face problems when collecting information about mergers from third parties including customers, suppliers and competitors.
The Commission remains open to dealing with urgent notifications.
The measures are understandable in the wake of the pandemic. However, a concern is that the current hiatus will slow down deal activity which in turn will hamper economic recovery.
https://ec.europa.eu/competition/mergers/news.html
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