Insights
Indian Competition (Amendment) Bill: New challenges and opportunities
April 3, 2023The Indian Parliament has passed the Competition Amendment Bill, which amends the current Competition Act, 2002. The Bill will now go to the President of India for her assent, after which the amendments will become law.
The Bill proposes significant changes to the merger control regime, including the introduction of deal value thresholds, expedited merger review timelines, the formal introduction of the “material” standard of control, the derogation of the standstill obligation for open market purchases and an expanded scope of the prohibition on gun jumping.
We are pleased to share a detailed summary of the key amendments.
