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Calls For European Court of Competition

Calls For European Court of Competition

The Confederation of British Industry has called for the appeals process against European Commission decisions on mergers and takeovers to be speeded up. The CBI, which is the UK’s primary business lobby group, has circulated a paper to its members calling for the European Union to have a separate competition court to deal with such cases.
In the paper, the CBI describes mergers and acquisitions as “essential for the restructuring of EU industries and the reallocation of resources”, and argues that “if there is a fundamental flaw in the mechanism this can only damage the effectiveness of competition and EU competitiveness”. It cites the UK system as a model, where appeals have been significantly faster since the establishment of the Competition Appeal Tribunal.

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Business Type
Location

Reuters to be bought out by Thomson
16 May 2008
Reuters, the news and information group is to be bought out by Thomson, the Canadian financial data ...[more]
Anite may sell off public services division
14 May 2008
Anite, the UK-based IT solutions company, is currently undergoing a strategic review of its public s...[more]
Net-a-Porter.com could be put on the market
12 May 2008
Natalie Massenet, founder of the online fashion retail business, Net-a-Porter.com, is thought to hav...[more]
Dynmark could be put on the market
09 May 2008
Mobile bulk messaging group, Dynmark, is undergoing a review of its business which may lead to a sa...[more]
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