The American Bar Association's Section of Antitrust warned senior officials in India that the country's new merger law could have a devastating effect on that country's economic surge. The ABA's antitrust branch often works with competition authorities around the globe, coaching them on the value of competitive markets while cautioning against pervasive regulation. This time, antitrust, business and international lawyers united to send an unprecedented warning, along with offers of further assistance.
December 03, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The most influential lawyers group in the U.S. warned senior officials in India that the country’s new merger law could have a devastating effect on that country’s economic surge.
Enforcing the new merger regime “may be so burdensome as to discourage competitive conduct and investment in India,” the American Bar Association’s Section of Antitrust wrote in letters delivered to Indian government leaders on Wednesday, Nov 28.
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