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Daily News

EU Commission Proposes New Merger Rules
Dec 1, 2003
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The European Union (EU) Commission has overhauled the rules governing company mergers in Europe after courts overturned three of its bans, BBC News reported.

The Commission hopes the proposals will improve its decision-making process and its defense of decisions in court. The EU Commission is also urging that the Court of First Instance be given more resources so companies can get quicker decisions. The court has criticized the Commission for sloppy rulings and accused it of failing to prove its cases, according to the report.

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