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Multilateral Strategy: Instruments Of Soft Law

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Chapter Summary

This chapter deals with the ideas that pursue the internationalisation of competition law through multilateral instruments of soft law. It gives an account of the activities respectively of the UNCTAD and the OECD regarding merger control. The chapter talks about informal cooperation initiatives in the field of financial services. The chapter proposes the creation of an international framework for the regulation of trans-national mergers. It describes about the boundaries of the application of this international framework by defining the concept of trans-national mergers. The chapter clarifies the concepts of legitimacy and efficiency. It identifies the international competition principles that should be incorporated into the proposed international framework. The chapter discusses the issue of the harmonisation of substantive competition rules. It examines the extrinsic dimension of efficiency. The chapter summarises the reasons which support the creation of an international framework for the regulation of transnational mergers.

Keywords: competition law; international framework; OECD; soft law; substantive competition rules; transnational mergers; UNCTAD



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