What is the competition bureau threshold?
The Competition Bureau confirmed today that in 2023 the pre-merger notification threshold relating to transaction size will remain unchanged following a decision by the Minister of Innovation, Science and Industry to maintain the current threshold of $93 million..
What is the deal value threshold?
The DVT, a game-changer, triggers when the deal's value surmounts 2000 crores, compelling notification to the Competition Commission of India (CCI) if the involved enterprise wields "substantial business operations" within the nation..
What is the main objective of the Competition Act?
Competition Act
Its purpose is to maintain and encourage competition in Canada in order to: promote the efficiency and adaptability of the Canadian economy. expand opportunities for Canadian participation in world markets while at the same time recognizing the role of foreign competition in Canada..
What is the merger control threshold in Canada?
Notification is required if: At least two of the merging parties (together with their affiliates) have Canadian assets or gross revenues in or from Canada generated from the acquired assets exceeds C$93 million (as adjusted); and..
What is the purpose of the Competition Act?
The Competition Act contains both criminal and civil provisions aimed at preventing anti competitive practices in the marketplace.
Its purpose is to maintain and encourage competition in Canada in order to: promote the efficiency and adaptability of the Canadian economy..
What is the threshold for the Competition Act in Canada?
Competition Act Thresholds
the parties to the transaction, together with their affiliates, have assets in Canada that exceed $400 million in aggregate value, or had gross revenues from sales in, from or into Canada that exceed $400 million.Feb 7, 2023.
- Among other things, the amendment introduced a new notification criterion, that is, a deal value threshold of Rs. 2,000 crore, besides requiring that the enterprise being acquired, merged or being amalgamated should have substantial business operations in India.
- Charter Considerations.
The Minister of Justice has examined Bill C-34, An Act to amend the Investment Canada Act, for any inconsistency with the Charter pursuant to his obligation under section 4.1 of the Department of Justice Act.
This review involved consideration of the objectives and features of the Bill. - COMPETITION ACT
The size of parties threshold is based on the book value of the assets in Canada of all parties to the transaction (including their affiliates) or their gross revenues from sales in, from or into Canada.
The size of transaction threshold remains unchanged at C$93-million for 2023.Feb 7, 2023 - These laws prohibit anti-competitive agreements between businesses and the abuse of a dominant position by a business.
Businesses that infringe competition law may face substantial financial penalties of up to ten per cent of their worldwide turnover.
