The US Government had recently removed an exemption from the Hart-Scott-Rodino Act relating to acquisition of foreign assets. Michael Jahnke and Pedro Callol assess the implications for European companies doing business in the US
July 23, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
The Hart-Scott-Rodino Act (HSR), the US merger control system, is based in the compulsory notification of transactions reaching certain thresholds.
These thresholds might seem low, especially when compared to those under European Commission Regulation 4064/1989, but relatively recent changes have removed a blanket exemption for acquisitions of foreign assets by foreign persons allowing a sale of non-US assets between two non-US parties to be covered by HSR.
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