How the 2007 Amendment to the M&A Guideline Has Changed Merger Control Policy in Japan

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Akira Inoue, May 27, 2008

On March 27, 2007, the Japan Fair Trade Commission released its amended Guideline to Application of the Antimonopoly Act Concerning Review of Business Combination, which provides substantial revisions to the original Guideline to Application of the Antimonopoly Act Concerning Review of Business Combination, and its amended Policies dealing with prior consultation regarding business combination plans. This article provides background on the amended M&A and Consultation Guidelines and analyzes the revised points.