The Chairman and Mr Efstathiou (member) of the C.P.C last week attended the 2nd ICN Annual Conference held in Merida, Mexico. There were representatives from almost all of the world’s antitrust agencies attending the three-day conference, in Merida, Mexico, which was addressed by Mexican President Vicente Fox Quesada and hosted by the Mexican Federal Competition Commission.
In order to streamline the merger review process and reduce costly duplication, ICN members adopted seven Recommended Practices: on jurisdictional nexus, notification thresholds, timing of notification, merger review periods, requirements for initial supplement the eight Guiding Principles for merger review that were adopted at last year’s ICN conference. The recommended practice proposals are non-binding but, once adopted by the ICN, they form a baseline for sound antitrust enforcement practice. The ICN’s merger work also produced comprehensive papers on merger guidelines, and initial papers on investigative techniques.
There were discussions focusing on Competition Advocacy on the model advocacy provisions sectural studies and practical techniques aiming in promoting a procompetitive reform within government. Furthermore, the discussions on the capacity building focused on the competition Law in developing and transition economies and the challenge of building effective competition agencies.
The next ICN annual conference will be held in the Republic of Korea in April 2004.
For further information on the second ICN conference visit the