 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS Competition Commission back govt on mergers and acquisitions reform  Proposals to create a single regulatory body for cases where a mergers and acquisitions solicitor service is involved have received backing from one of the bodies concerned. The Competition Commission (CC) says it supports the government's plans to merge it with the competition functions of the Office of Fair Trading (OFT) to form a single Competition Markets Authority (CMA). In its submission to the consultation on the proposed reforms, the CC said this would ensure resources are used more effectively and reduce the burden on businesses. CC Chairman Roger Witcomb explained that competition authorities have a job to support economic growth and productivity by "delivering fair, robust decisions in a reasonable timescale". He continued: "The creation of a new single authority offers the opportunity to achieve this task even more successfully by building on and extending the acknowledged strengths of the existing regime." The CBI also supports the creation of the CMA, which it said would increase efficiency and reduce duplication. It also called for the deregulation of mergers where the target company has a turnover of less than £5 million. Posted by Georgina Price 
Related Articles: 22/9/2011 - Manufacturers targeting strategic acquisitions to drive growth 21/9/2011 - Mergers and acquisitions rule changes take effect 14/9/2011 - Govt wants to make London a 'legal hub' for the world 12/9/2011 - ICB banking reforms: banks set to be given until 2019 to prepare 8/9/2011 - Banking reforms in danger of being 'watered down' More Corporate Law News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |