Law firm Johnson Winter Slattery (JWS) has released the latest edition of the JWS Merger Report, analysing recent trends in complex informal merger clearance decisions made by the Australian Competition & Consumer Commission (ACCC).
The report provides a complete statistical analysis of ACCC informal merger clearance decisions where a Statement of Issues (SOI) has been published.
The latest trends include the ACCC taking issue with more deals with the most SOIs and red light SOIs being published in almost a decade, consumer-facing industries being in the spotlight and half of all red light SOIs being withdrawn.
The report examines the likelihood of transactions being opposed or not opposed (with or without remedies) depending on the seriousness of the preliminary competition concerns identified in a SOI. It also analyses the time taken by the ACCC to make those decisions.
Full report attached.
Authors of the report: Sar Katdare (JWS Partner and Head of Competition & Antitrust), Morgan Blaschke-Broad (JWS Senior Associate) and Liz Tang (JWS Associate)
Contacts: JWS Competition Partners Sar Katdare, Aldo Nicotra, Michele Laidlaw, Jennifer Dean, Tom Jarvis, James Love
Key Facts:
Latest trends in complex informal merger clearance decisions:
- ACCC takes issue with more deals;
- the most SOIs* and red light SOIs being published in almost a decade;
- consumer-facing industries in the spotlight; and
- half of all red light SOIs being withdrawn.
*Statement of Issues
About us:
Johnson Winter Slattery (JWS) is a leading independent Australian law firm of more than 450 people, including 80+ partners. The firm is engaged by major corporates and investment funds on their most challenging transactions and disputes.
Contact details:
Angela Welsh, Marketing & Communications Manager
T: +61 2 9392 7454 | M: +61 414 281 902
E: angela.welsh@jws.com.au
Maureen Grose, Marketing & Business Development Director
T: +61 2 8247 9697 | M: +61 447 004 445
E: maureen.grose@jws.com.au
