Merger Control In Developing Nations: Is Green Channel Taking India Through The Correct Route?
In this article the authors delve into how merger control is an essential element of competition law and aids in developing and sustaining a fair and healthy economy. The introduction of the Green Channel Route as an automatic mechanism for the approval of combinations is a step in the right direction. However, there are certain issues regarding the implications and implementation of such a procedure. This essay aims to analyse the Green Channel Route vis-a-vis merger control policies and mechanisms used in other developing economies, namely South Africa and Brazil. The implications that the Green Channel route has upon the holistic development of the Indian economy is analysed in light of the incorporation of Public Interest Considerations in South African merger control policy. Further, the essay analyses the fast-track procedure for merger approvals present in Brazilian competition law. It goes on to argue that certain procedural mechanisms present in the Brazilian fast-track procedure may be added to the Green Channel Route in order to increase certainty and accountability. Finally, the essay concludes by offering suggestions as to how these lessons from foreign jurisdictions may be incorporated into the Indian merger control regime. Continue reading Merger Control In Developing Nations: Is Green Channel Taking India Through The Correct Route?
