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Chapter Summary

This conclusory chapter of the book titled The Regulation of Transnational Mergers in International and European Law provides a summary of the contents discussed in the preceding chapters of the book. The traditional response of countries to the problems raised by transnational mergers is the application of their merger control laws to all transactions that harm their national economic interests under a unilateral strategy. The Bilateral agreements have lead to considerable results, especially in relation to facilitating cooperation between competition authorities and the harmonisation of competition laws. The institutional aim of the IMCF would be the promotion of harmonisation and cooperation. It could also promote the importance of adopting international mechanisms for the regulation of transnational mergers. The IMCF should rest on two pillars: the informal pillar, which should consist of a set of international competition law standards; and the formal pillar consisting of a nexus of bilateral cooperation agreements.

Keywords: bilateral agreements; European law; IMCF; international law; transnational mergers



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