Lawyers on alert as competition bodies issue joint M&A guidance for first time
The Competition Commission and the Office of Fair Trading (OFT) have published joint merger assessment guidelines for the first time, in a move which has intensified speculation that the two bodies could merge to form a single oversight body. The joint guidelines, which were published last week (16 September), have been created to provide greater clarity to companies and their advisers on how both bodies will assess the competitive impact of a merger. The guidelines revise and expand guidance previously issued separately by the two watchdogs, with partners at City firms praising the move as a "productive step forward".
Lawyers welcome joint approach as proposals are floated to unite competition agencies
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