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ARTICLE · 01 JUNE 2017

European Commissions's Antitrust Concerns Lead To Syndicated Loans Market Study

Jones Day
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n April 2017, the European Commission ("Commission") published a tender offer seeking an assessment of the EU market for loan syndication and possible implications under EU competition rules

GlobalAntitrust/Competition Law
Jones Day
Jones Day
Matt Evans
Matt Evans
Philipp Werner
Philipp Werner
Frédéric Gros
Frédéric Gros
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The Situation: The European Commission has launched a tender offer to conduct a comprehensive assessment of the competitive aspects of the EU market for syndicated loans.

The Impact: While not a formal investigation by the Commission, the action could lead to a sector inquiry and enforcement actions.

Looking Ahead: The Study will involve telephone interviews and questionnaires sent to lenders and borrowers. Companies should use caution when responding to inquiries.

In April 2017, the European Commission ("Commission") published a tender offer seeking an assessment of the EU market for loan syndication and possible implications under EU competition rules. The successful candidate will draft a report providing an overview of the market and the relevant elements that the Commission may use for assessing the competitive environment ("Study"). While this is not a formal investigation, the Study could lead to enforcement actions.

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