Jens Steger on European Merger Control Law: Cutting Red Tape Brings More Risks to Companies
German stock exchange newspaper Börsen Zeitung interviewed Associate Jens Steger on the latest legislative amendments regarding European merger control law, which were enacted on January 1, 2014. Jens described how the new measures were designed to simplify procedures under the EU merger regulation adopted by the European Commission. The aim of the new measures is to extend the scope of the simplified merger procedure, reduce the information required in an EU-merger filing and to streamline the process for (informal) pre-notification discussions with the authority. The Commission’s aim is to cut red tape and to reduce the burden on business. Jens explained that at the moment, it is still very unclear if these objectives will be achieved.