How does the UK's Competition & Markets Authority's (CMA) recently issued Mergers Charter and the CMA's related 4Ps framework (pace, predictability, proportionality and process) aim to streamline mergers reviews?
Will the UK government embed these changes into UK law? I suggest the CMA will be more ‘business like’ if in return businesses and their advisors focus on the key points, engage on them with the CMA and, by strong implication, do not sit on the fence or seek to hedge their bets on key aspects, including market definition. That might be a quid pro quo businesses and their advisors find difficult to accept.
For more information see the article I wrote that has been published in the Solicitors Journal (issue May 2025).
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