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Federal Trade Commission (FTC) Chair Andrew Ferguson announced Tuesday that the 2023 joint merger guidelines adopted by the Biden administration's FTC and Department of Justice (DOJ) are still in ...
The first merger guidelines set forth by the DOJ were the 1968 Merger Guidelines. [1] The guidelines were developed by former U.S. Assistant Attorney General Dr. Donald Turner, an economist and lawyer with expertise in the field of industrial organization.
The department said the new merger guidelines are aimed at encouraging fair, open and competitive markets. "These finalized guidelines provide transparency into how the Justice Department is ...
The Justice Department and the Federal Trade Commission on Wednesday released a set of long-anticipated draft updates to the nation’s merger guidelines, introducing potentially comprehensive ...
In 1982 the U.S. Department of Justice Merger Guidelines introduced the SSNIP test as a new method for defining markets and for measuring market power directly. In the EU it was used for the first time in the Nestlé/Perrier case in 1992 and has been officially recognized by the European Commission in its "Commission's Notice for the Definition of the Relevant Market" in 1997.
[2] [3] As assistant attorney general, Kanter has worked with FTC chair Lina Khan on efforts to reform federal merger guidelines. [4] In 2022, the FTC and the DOJ blocked a record number of mergers on anti-trust grounds. [5] During his tenure, the DOJ won its first conviction in a criminal monopolization suit in four decades. [6]
The FTC and Justice Department’s joint merger guidelines from 2023 “are in effect and are the framework for this agency’s ... “If merger guidelines change with every new administration ...
The order calls on the FTC and the Department of Justice (DOJ) to "enforce the antitrust laws vigorously and recognizes that the law allows them to challenge prior bad mergers that past administrations did not previously challenge" in areas such as the tech sector, labor markets, and the healthcare industry. [2]