This article deals with some important and complex issues which concern the assessment of a merger involving a failing firm. Competition authorities have recognised the importance of a merger/acquisition in avoiding bankruptcy as well as the impact of the failing firm defence on entry in the...

This article deals with the assessment of a merger involving a failing firm. Competition authorities have recognised the importance of a merger/acquisition in avoiding bankruptcy as well as the impact of the failing firm defence on entry in the market and the role of potential dynamic or...

The particularity of the business activities of companies in the digital sector and the lower turnover of the companies involved which on multiple occasions understates the market power derived from access to vast amounts of data, implies that jurisdiction on such cases is not straightforward....

This article will provide insights on the implications of merger legislation on corporate debt restructuring. Thus, apart from the analysis of competition legislation surrounding mergers, it also includes a brief analysis of the restructuring process during which the failing firm may be invoked...

The stock market’s reaction to news can be a particularly valuable source of information that may lead to inferences about the nature of a merger or a take-over. The idea underlying event studies is that the reaction of share prices - which reflect expectations about a firm’s stream of...

European stock exchanges are turning into public listed organisations, after demutualisation, and aim at maximising profits for their stockholders. Stock exchanges are moving from an era of monopolies to a new era marked by competition. A study shows that 60 new financial stock exchanges were...