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Public Interest in Merger Control: The Lay of the Land

机译:合并控制的公共利益:土地的铺设

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摘要

In recent years, regulators and politicians have raised questions about whether merger control is “fit for purpose” in the modern economy, and in particular about whether the consumer welfare standard remains the appropriate lens through which to assess transactions, or whether merger control should consider the potential impact of a transaction on broader public interest (PI) objectives, such as employment, the environment, data privacy, national security, or industrial or trade policy. Many merger control regimes globally already include a public interest component, and in thinking about whether it would be reasonable or appropriate to add or strengthen the PI component of a merger control regime, it may be helpful to look at regimes that already include a PI component to consider the ways in which this may be structured and whether these standards are likely to be successful in achieving PI aims. This piece surveys the existing merger control regimes with a PI component to identify lessons that may be useful for jurisdictions considering whether and how to expand a merger control regime to include PI.
机译:近年来,监管机构和政客们已经提出了关于合并控制是否在现代经济中“适合目的”的问题,特别是消费者福利标准是否仍然是评估交易的合适镜头,或者是否应考虑合并控制交易对更广泛的公共利益(PI)目标的潜在影响,例如就业,环境,数据隐私,国家安全或工业或贸易政策。全球许多合并控制制度已经包括公共利益组件,并且在思考是否合理或适当地添加或加强合并控制制度的PI组分,看看已经包括PI组件的制度可能有助于考虑这可能结构化的方式以及这些标准是否可能在实现PI目标方面取得成功。这件作品用PI组件调查现有的合并控制制度,以确定考虑到司法管辖区可能有用的课程,考虑到是否以及如何扩展合并控制制度以包括PI。

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