Control of Mergers and Defense of Enterprises during Financial Crisis

Viorel Banulescu, Anca Sorina Popescu-Cruceru and Eugenia-Gabriela Leuciuc
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Viorel Banulescu: Academy of Economic Studies, Bucharest
Anca Sorina Popescu-Cruceru: Artifex University of Bucharest
Eugenia-Gabriela Leuciuc: Stefan cel Mare” University of Suceava

Romanian Statistical Review Supplement, 2012, vol. 60, issue 3, 15-19

Abstract: The Merger Regulation has been imposed as natural consequence of the need to provide a correspondent evolution of the market, as default of a perfect competition. The main purpose of the merger control aims to ensure a regulation of the exchanges occurring on the market, engendering its development, and in the same time, to protect it against anti-competitive practices. The European Standard outlines the legal framework of the defense of enterprises during financial crisis, the way they are characterized by means of the Guidelines regarding horizontal mergers, as particular application of the legal standard in art. 2 of the Merger Regulation no. 139/2004, in the same time embodying the causality relationship between any merger and the deterioration of the competitive circumstances on the emerging markets.

Keywords: merger; emerging market; enterprise under crisis; competition (search for similar items in EconPapers)
JEL-codes: G34 K22 (search for similar items in EconPapers)
Date: 2012
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