Wednesday, April 20, 2011
Posted by D. Daniel Sokol
Rameet Sangha (Charles River Associates) provides his thoughts on India's New Merger Control Regime: An Economist's Perspective.
ABSTRACT: India's new merger control regime will come into force on June 1, 2011. This article describes what consulting economists would like to see from the merger control regime, drawing on experience of merger control in other jurisdictions, in particular Europe and South Africa. In a merger review process with its often tight timescales, it is in everyone's interest to ensure that the resources allocated by the merging parties to compiling economic evidence, and the analytical resources of the Competition Commission of India ("CCI"), are focused on addressing those questions that are most critical for the decision-making process. This article focuses on the processes and working practices we would like to see to ensure that economic evidence is deployed and evaluated effectively in India's new merger review process.