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15.08.2024 | đź‡đź‡ş Hungarian competition authority
A GVH has introduced simplified forms for merger notifications over a year ago, with over 31% of merger cases in the first half of 2024 utilizing this option. This initiative, along with pre-notification consultations, significantly shortens the time needed for merger assessments.
By allowing companies to fill out a simplified form when the proposed merger does not raise competition concerns, the GVH contributes to easing the administrative burdens on businesses. The focus is on data submission highlighting the apparent lack of competition issues.
The simplified form can be used in cases where overlapping or related markets are not identified, for setting up a joint venture with limited market activity, for acquisitions below a certain revenue threshold without coordination concerns, or for changes in control.
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