Antitrust Law Daily Wrap Up, ACQUISITIONS & MERGERS NEWS: Canada Competition Bureau seeks comments on new Pre-Merger Notification Interpretation Guideline, (May 29, 2015)

By Michael Menzhuber, J.D., LL.M.

A draft version of Pre-Merger Notification Interpretation Guideline No. 16: Definition of "Goods" (Paragraph 111(a) of the Canada Competition Act) has been released for comment by the Canada Competition Bureau. The intent of this new guideline is to clarify the interpretation of the word "goods," as used in paragraph 111(a) of the Act, and to assist businesses in determining whether a proposed acquisition of loans, mortgages or receivables must be reported to the Bureau.

The issuance of this draft interpretation guideline supports the Bureau’s Action Plan on Transparency, the aim of which is to promote the development of a more cost-effective, efficient and responsive agency, while providing Canadians with more opportunities to learn about the Bureau’s work.

Interested parties are invited to provide their views on the draft version of Pre-Merger Notification Interpretation Guideline No. 16: Definition of "Goods" by email, fax or regular mail, no later than July 28, 2015. Comments may be sent to:

Merger Notification Unit
Mergers and Monopolistic Practices Branch
Competition Bureau
50 Victoria Street
Gatineau, Quebec
K1A 0C9
Fax: 819-953-6169
E-mail: mergernotification@cb-bc.gc.ca

Responses will be posted on the Bureau’s website, unless they are specifically requested to be kept confidential.

News: AcquisitionsMergers Antitrust