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From its publication in 1989, the current merger regulation has become a cornerstone of the overall European Community competition regime. Regulation 4064/89 has been widely regarded as a great success, allowing the commission to handle over 2,400 notifications in the past 14 years. Of critical significance to practitioners, the commission has consistently succeeded in meeting the tight deadlines laid down by the existing framework, which provides precious commercial certainty for both merging parties and their advisers.

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