Kroes Condemns Interference In Cross-Border Deals

Law360, New York (May 11, 2007, 12:00 AM EDT) -- Europe’s chief competition regulator has lashed out at Member States for interfering in cross-border mergers, chastising them for complicating several recent deals with national protectionism.

European Union Competition Commissioner Neelie Kroes, speaking at a forum in Switzerland, said that although most cross-border mergers go through smoothly, there have recently been several instances in which member states attempt to protect national industries by thwarting the deal.

“In some recent cases, direct or indirect steps have been taken by national European governments or authorities to frustrate the takeover...
To view the full article, register now.