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Voluntary-notification regime won't be examined by New Zealand merger-law review

( December 4, 2024, 23:31 GMT | Official Statement) -- MLex Summary: New Zealand’s voluntary-notification merger regime won’t be examined under the government’s plans to revamp antitrust laws in the country, with a discussion paper revealing that the focus of a new review will instead be on the “substantial lessening of competition” test under existing laws. A discussion paper released by the Ministry of Business, Innovation and Employment suggested that the SLC test, introduced 10 years ago, may not be capturing “a wider range of harmful mergers.” The government suggested that ex post reviews of merger applications by the competition watchdog have found that market participants often overstated the likelihood of potential market entries, after a completed merger.The MBIE discussion paper is attached; The full statement of Commerce Minister Andrew Bayly follows: ...

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