Monday, June 2, 2008

'Competition law prohibits agreements that result in cartel formation and restraint of trade.'

A review of competition law from an M&A perspective

While failures are an integral part of mergers and acquisitions (M&A), Indian industry has realised in the recent past that operating in a global environment with globalised competition requires scaling and ‘skill-ing’ rapidly. Do big M&A deals stifle competition? What should the competition law promote and avoid?
“We believe that while it is important to ensure competition and prevent monopolisation, it is critical that in the process of doing so, impediments are not placed to growth,” feels Mr Harish H. V., Partner Specialist Advisory Services, Grant Thornton. He shares his views (with key inputs from Mr Arun Kumar M. K., Vice-President, Specialist Advisory Services) on the competition law from an M&A perspective with Business Line.

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