On March 23, 2012, the Competition Bureau issued two new draft merger interpretation guidelines for public consultation:
These new interpretation guidelines provide additional guidance to merging parties as to whether a new pre-merger notification filing (or Advance Ruling Certificate application) is required where a transaction has been amended and calculation of revenues for the pre-merger notification thresholds to account for transactions between affiliates.
The Bureau’s existing merger interpretation guidelines include guidelines on the meaning of “operating business”, multi-step transactions, ordinary course exemptions, the joint venture exemption under the Act and corporate spin-offs, among others (see: Pre-Merger Notification Interpretation Guidelines – Table of Contents).
For a copy of the Bureau’s news release see:
Merger Interpretation Guidelines for Consultation
For more information about Canadian merger control see:
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