Wednesday, October 17, 2012

COOL Karel, HARLE Nicolas, OMBREGT Philippe
Merger Control and Practice in the BRIC Countries vs. the EU and the US: The Facts
INSEAD Working paper 2012/99/ST


In the past five years, each of the BRIC countries has revised its merger control policies and practice, changing the conditions for competing in these markets. In this article, we provide the facts about M&A activity in the BRIC countries vs. the EU and the US. The data show: 1) compared to either the EU or the US, M&A transactions in the BRIC cluster as a whole were in 2011 about half the number of transactions. In 2001, the BRIC’s had only a twentieth of the M&A transactions of the EU and a twenty-fifth of the M&A transactions of the US; 2) the towering and increasing M&A importance of China compared to India and Brazil; 3) Brazil and Russia had a very restrictive approach concerning filing requirements, hugely inflating their reviews compared to India and China.