Under the Fair Trade Act, a merger is a combination of capital, manpower, and organization between two or more companies through the acquisition and holding of shares, appointment of directors, amalgamation, transfer of business, or incorporation of a new company. The Act distinguishes between mergers that substantially lessen competition in a particular industry and those that do not. Detailed criteria for determining whether a merger is anti-competitive are set out in the Merger Review Regulations.
Our Merger Filings practice offers guidance on all aspects of mergers and acquisitions, including assessing the anti-competitive nature of a merger, assisting clients in filing merger authorization, advising on the submission of opinions from interested parties in mergers and acquisitions, providing counsel on the KFTC regulations related to merger filings, and obtaining merger authorization.
Under the Fair Trade Act, a merger is a combination of capital, manpower, and organization between two or more companies through the acquisition and holding of shares, appointment of directors, amalgamation, transfer of business, or incorporation of a new company. The Act distinguishes between mergers that substantially lessen competition in a particular industry and those that do not. Detailed criteria for determining whether a merger is anti-competitive are set out in the Merger Review Regulations.
Our Merger Filings practice offers guidance on all aspects of mergers and acquisitions, including assessing the anti-competitive nature of a merger, assisting clients in filing merger authorization, advising on the submission of opinions from interested parties in mergers and acquisitions, providing counsel on the KFTC regulations related to merger filings, and obtaining merger authorization.