ZWeR 2010, 252
The German Merger Remedy Experience
The authors review all mergers cleared subject to conditions between 1999 and 2009 to analyse the Federal Cartel Office's remedy practice both over time and across industries. The findings, which document a distinct preference towards structural remedies and reveal significant changes over time, are then related to the international remedies experience and economic theory.
Contents
- I. Introduction
- II. Literature Review
- III. Regulatory Framework in Germany
- 1. Merger Control and Remedies Practice
- 2. Balancing Clause
- 3. Permanent Control of Conduct
- IV. German Merger Remedies Experience
- 1. Methodology of our Analysis
- 2. Empirical Analysis
- V. Main Insights
- 1. Selection of Purchaser
- 2. Type and Scope of Remedy
- 3. Hold Separate Obligation and Use of Trustee
- 4. Long-term Monitoring
- VI. Conclusion
- *
- *)Dr. Wolfgang Nothhelfer is a Manager at the Economics Practice of PricewaterhouseCoopers in Berlin. Dr. Michael Rauber is a Senior Consultant at the Economics Practice of PricewaterhouseCoopers in Berlin and London. The authors gratefully acknowledge research assistance by Ekatherina Vaynstheyn and Cora-Marie Pinter as well as helpful comments and suggestions by Grant Saggers and Dr. Florian Bien. All remaining errors are the authors' responsibility. Any comments are welcome to: wolfgang.nothhelfer@de.pwc.com and michael.rauber@de.pwc.com.
Der Inhalt dieses Beitrags ist nicht frei verfügbar.
Für Abonnenten ist der Zugang zu Aufsätzen und Rechtsprechung frei.
Sollten Sie über kein Abonnement verfügen, können Sie den gewünschten Beitrag trotzdem kostenpflichtig erwerben:
Erwerben Sie den gewünschten Beitrag kostenpflichtig per Rechnung.
Erwerben Sie den gewünschten Beitrag kostenpflichtig mit PayPal.
