This paper studies the use of merger review as a shield to obstacle hostile tender offers of a company. Commenting on the transaction Oracle/PeopleSoft (2004) it reflects on the significance and risks of the antitrust authorities' analysis of M&A. The correct definition of the relevant market...

Almost a year ago, and after substantial debate and a long legislative process, the reform of Spanish competition regulation was completed. The new Competition Act, which came into force on September 1, 2007, supersedes the previous Act of 1989 and significantly transforms the Spanish system for...

The decentralization of competition law enforcement in Spain has led to the creation by Autonomous Communities of agencies responsible for this task. Today most of antitrust disciplinary proceedings are heard before them, they also play other advisory and advocacy roles. However, in the area...

The decentralization of competition law enforcement in Spain has led to the creation of agencies and administrative authorities by Autonomous Communities responsible for this task. Today most of the disciplinary procedures for the enforcement of the Spanish Defense Competition Act are heard...

The interface and coordination of securities regulation of tender offers, merger review proceedings set up by competition law and any other bodies of sectoral regulation potentially applicable to a given transaction is a key issue in governing modern markets. Indeed, Securities Regulation,...