Effective merger review is an important component of a competition regime as it can help to prevent consumer harm from anticompetitive transactions which likely would reduce competition among rival firms and/or foreclose competitors. The OECD Competition Committee has long focused on a broad range of issues related to the review of mergers under national competition laws.
On 23 March 2005, the OECD Council adopted this Recommendation on merger review. It aims to contribute to greater convergence of merger review procedures, including cooperation among competition authorities, towards internationally recognized best practices. It should thus help to make merger review procedures more effective, while at the same time helping competition authorities and merging parties to avoid unnecessary costs in multinational transactions.
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