Competition Bureau Issues Final Merger Remedies

In Lang Michener's Mergers & Acquisitions Brief, we discussed the Competition Bureau's (the "Bureau") draft Information Bulletin on Merger Remedies in Canada (the "Bulletin"). The Bureau recently finalized and expanded its Bulletin, which now sets out the Bureau's current policy on the formulation of merger remedies in Canada under the Competition Act (Canada) (the "Act").

The Bulletin provides guidance on the general principles applied by the Bureau when it seeks, designs and implements remedies, and sets out the "essential elements" it will consider in cases requiring remedial action. An outline consent agreement is to be issued as an appendix to the Bulletin to "facilitate negotiated settlements" between merging parties and the Bureau.