New thresholds for mergers and acquisitions under the
Competition Act and
Investment Canada Act are now
in effect. These thresholds are adjusted annually based on GDP
formulas and, for the first time, they have decreased. This was a
result of Canada s economic contraction due in large part to
the COVID-19 pandemic.
Under the
Competition Act, the threshold change is not
mandatory and the government s recent approach to the annual
adjustment suggests a belief that the notification threshold should
remain low: it was unchanged in 2020 (when it could have increased
per the GDP formula) and decreased this year (when it could have
Welcome to the February issue of
Blakes Competitive
Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group.
Blakes
Competitive Edge provides an overview of recent developments
in Canadian competition law, including updates on enforcement
activity by the Canadian Competition Bureau (Bureau), recent
initiatives and key trends.
Key Highlights
The number of completed reviews in January 2021 (15) is only 13
per cent lower than the number of completed reviews from January
2020 (17) and 27 per cent lower than the number of completed
reviews from January 2019 (19), continuing to suggest that the
number of filings is recovering after the reduction in filings
observed in 2020 as a result of COVID-19.
On January 22 2021, Competition Commission of India (CCI) released its key findings and observation through its market study on the Telecom Sector in India.
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This regular alert covers key regulatory EU developments related
to the COVID-19 situation. It does not purport to provide an
exhaustive overview of developments and contains no analysis or
opinion.
COMPETITION
& STATE AID
Competition
EU approves new and amended Member State
measures to support the economy (see here and here)
Since the onset of the coronavirus outbreak, the European
Commission has adopted a significant number of State aid measures
under Article 107(2)b, Article 107(3)b and under the Temporary
Framework.
The most recent measures adopted to support the economy and
The Government of Canada recently announced changes to the monetary thresholds to determine whether a review is required under the Competition Act and Investment Canada Act.