The role of competition and state aid policy in financial and monetary law

Kokkoris, I. and Marsden, P. (2010) The role of competition and state aid policy in financial and monetary law. Journal of International Economic Law, 13 (3). pp. 875-892. ISSN 1369-3034 doi: 10.1093/jiel/jgq028

Abstract/Summary

During the financial crisis, companies and lenders found themselves in distressed situations. Competition authorities across the globe had to deal with controversial issues such as the application of the failing firm defence in merger transactions as well as assessment of emergency aid granted by states. This article considers competition policy in periods of crisis, in particular the failing firm defence in merger control and its state aid policy.