Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Agency decision-making in merger cases – Nicholas LEVY – Cleary Gottlieb Steen & Hamilton LLP - November 2016 OECD discussion


Published on

This presentation by Nicholas LEVY, Partner at Cleary Gottlieb Steen & Hamilton LLP was made during the roundtable discussion on agency decision-making in merger cases: from a prohibition decision to a conditional clearance held during the 124th meeting of the OECD Working Party No. 3 on Co-operation and Enforcement on 29 November 2016. More papers and presentations on the topic can be found out at

  • Be the first to comment

  • Be the first to like this

Agency decision-making in merger cases – Nicholas LEVY – Cleary Gottlieb Steen & Hamilton LLP - November 2016 OECD discussion

  1. 1. Agency Decision-Making in Merger Cases: Prohibition Decisions & Conditional Clearances A Practitioner’s Perspective Nicholas Levy 124th Meeting of OECD Working Party No. 3 November 29, 2016
  2. 2. 2 Agency Decision-Making in Merger Cases – A Practitioner’s View 1. A “balance of probabilities” standard should apply to the determination of whether a merger should be prohibited or conditionally approved. 2. That standard may more readily be met in respect of Phase I remedies, although agencies should be careful not to abuse that latitude and over-reach. 3. Account should be taken of merger-related efficiencies in assessing both competitive harm and the appropriateness and proportionality of any remedy. 4. Third party views are relevant, although agencies should be skeptical where third parties have a vested interest in the outcome of a case or stand to benefit from a remedy. 5. Agencies should be open, straightforward, and timely about the need for, and scope of, remedies in any case. “Moving the goalposts” during the review process should ideally be avoided. 6. Agencies should be ready to advise as soon as practicable where competition issues are incapable of being remedied (or may be addressed only with far-reaching remedies). 7. Remedies practice has evolved, and continues to evolve. Providing regular guidance on agency practice and candidly reviewing the effectiveness of past remedies is extremely helpful. 8. Co-operation and co-ordination between agencies is highly desirable to ensure consistency, avoid unnecessary duplication, and align procedures and timetables.