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Competition Act, 1998

Rules for the Conduct of Proceedings

Competition Commission Rules 2001

Part 6 - Merger Procedures

34. Abandonment of merger

 

(1) The primary acquiring firm may notify the Commission in Form CC 6 that it has abandoned the intended merger transaction and has no intention to implement it.

 

(2) Upon the filing of Form CC 6—
(a) the parties to the merger are in the same position as if the merger had never been notified; and
(b) the filing fee paid in respect of that merger is forfeited to the Commission, unless the party that paid the fee applies within 10 business days to the Tribunal for a remission of the fee, and the Tribunal, on good cause shown,  orders the Commission to refund all or part of the fee.