"Hope Smiles from the threshold of the year to come, Whispering ‘it will be happier’…"
This quote from Alfred, Lord Tennyson might – I sincerely hope after recent events – be applicable to life generally in Brussels in 2017. But not so – I fear – in the world of EU merger control.
It came as no surprise, roughly two weeks ago, when the Commission quietly published its most recent consultation on the EU Merger Regulation.
The debate has been rumbling since the prior consultations in 2009 and 2013, and the White Paper (see here) of 2014. In March this year, Commissioner Vestager gave another hint that reform was still being considered, and that a value-based threshold was in the wings (see speech here).
*This article was first published in Kluwer Competition Law Blog