Concentrations: Recent Developments in Italy

• Main Author: Claudio Tesauro
• Format: Article
• Language: English
• Published: Italian Competition Authority 2015-10-01
• Series: Italian Antitrust Review
• Subjects: Concentrations; remedies; revision; threshold; Feltrinelli
• Online Access: http://iar.agcm.it/article/view/11570

Recent Italian developments in antitrust concentrations was the topic I was assigned to address at the conference held on 23 April to celebrate the first anniversary of the Italian Antitrust Review. What is immediately clear is that far fewer concentrations have been notified over the last few years. This is probably due to the economic crisis, which caused a reduction in corporate transactions; but also the changes to the turnover thresholds for notification seem to have had a significant impact. Consequently, an interesting debate is underway regarding the need for further changes the threshold system. Moreover, the drastic market developments and the subsequent increased number of decisions to revise remedies should also be further examined. These two issues are the subject of this paper.