EC official says merger control flexible enough to account for COVID-19 market turbulence – Concurrences
15 April 2020 - 12:00 am UTC
The European Commission’s (EC) merger control rulebook is sufficiently flexible to allow the agency to account for substantive changes in market conditions such as those caused by the coronavirus outbreak during the course of an assessment, said a senior EC official today (7 April).
The EU Merger Regulation (EUMR) is flexible enough to take account of unanticipated developments over the course of a review, said Josep Maria Carpi Badia, the head of the merger case support unit at DG Competition during a Concurrences online conference.
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