The French government has taken preventive measures due to COVID-19, thereby forcing the members of the French Competition Authority to work remotely since 17 March 2020.
This situation is already impacting on merger control: “Although we are striving to ensure continuity of public service, (…) the Authority will not be able to guarantee the usual processing delays in view of the situation, and the delays and procedures for examining the transactions which have already been notified or which would be notified in the next few weeks may be adapted in view of the exceptional circumstances”, said the French Competition Authority in a press release.
Beyond those increased delays, companies are “(…) invited to delay any contemplated merger that is not urgent”.
The European Commission has shared the same concerns and encourages companies to delay merger notifications until further notice.
We remain at your disposal.
Link to the French Competition Authority here
Link to the European Commission here