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Nov 7, 2024 · The June 2024 amendments made important changes to the Act to better address mergers that would significantly increase concentration or market share. The law now reflects that mergers involving large players in highly concentrated markets are likely to harm competition substantially, unless there is evidence that proves otherwise.
- Guide to the June 2024 amendments to the Competition Act
June 25, 2024. Important amendments to the Competition Act...
- Significant changes to strengthen the Competition Act become law
On June 20, 2024, important changes to the Competition Act...
- Guide to the December 2023 amendments to the Competition Act
The amendments repeal the efficiency exception under the...
- Guide to the June 2024 amendments to the Competition Act
Jun 25, 2024 · June 25, 2024. Important amendments to the Competition Act became law on June 20, 2024, following Royal Assent of Bill C- 59, the Fall Economic Statement Implementation Act, 2023. The Government of Canada has made these changes as a part of its modernization of Canada’s competition regime. This guide provides an overview of the most important ...
Jun 25, 2024 · On June 20, 2024, important changes to the Competition Act became law that strengthen the Competition Bureau’s ability to protect competition and prevent anti-competitive mergers and conduct. These changes strengthen provisions related to merger control, deceptive marketing practices, anti-competitive agreements, and harm to competition where a business refuses to deal with another business.
The amendments repeal the efficiency exception under the merger review provisions of the Competition Act (section 96) so that it is no longer available going forward. The efficiency exception will, however, continue to apply to proposed transactions for which notice was given to the Commissioner before December 15, 2023, or to mergers that were substantially completed before that date.
In addition to the major changes above, other recent amendments to the Competition Act also: Repeal the merger efficiencies defence (as of December 15, 2023) that had allowed merging parties to defend an otherwise anticompetitive merger by establishing that the likely efficiency gains would offset the anticompetitive effects of the merger.
Jun 21, 2024 · June 21, 2024. On June 20, 2024, Bill C-59[1] received royal assent and has become law, just one day after it completed its third and final reading in the Senate. With its passage, Bill C-59 implements a number of important amendments into the Competition Act (the “ Act ”) that will have a significant impact on Canada’s business environment.
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Jun 28, 2024 · The recent amendments to the Competition Act affecting the review of mergers include the repeal of the efficiencies defence, new presumptions on the competitive effects of a merger that place greater weight on market structure (share and concentration levels), an expanded notification regime, enhanced interim injunction powers and a longer period after closing (three years) for the ...
