UK UPDATE – UK Government Confirms Creation of Single UK Competition Authority: Merged Authority to Retain Voluntary Merger Regime
Executive summary:
The U.K .government confirms the anticipated merger of the Competition Commission and the competition functions of the OFT into a single Competition and Markets Authority (“CMA”) to be effective by April 2014. The U.K. government has decided to retain the current voluntary regime of merger notifications, albeit with a tightening of administrative measures.
