 | It's Time to Reform Canada's Merger Notification Rules |
March-2-2018
| Lawyer | David Rosner |
| Area | Competition, Antitrust and Foreign Investment |
Summary
Article originally published in CD Howe Institute's "Intelligence Memo", March 2018
Excerpt from "It's Time to Reform Canada's Merger Notification Rules":
In 1985, Parliament passed merger notification rules as part of a new Competition Act. But it’s been more than 30 years and Canada’s economy has transformed in that time. Those rules no longer accomplish their core objective, which hurts companies and Canadians.
The rules were intended to require that the Competition Bureau be notified of those mergers most likely to give rise to potential harm. To this end, the rules require that merging companies that exceed certain financial thresholds notify the Bureau.
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