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| | The Effect of Global Trade on United States Competition Law and Enforcement Policies - Pitofsky |
 | | Enforcement officials in many countries recognize that, in most matters, they cannot be effective on behalf of their consumers, nor fair to the business community, unless there are coordinated approaches, similar deadlines for review, and consistent remedies applied to particular transactions. |
 | | In the United States, claims of efficiencies could be offered as a relevant factor in the exercise of prosecutorial discretion by the Department of Justice or the Federal Trade Commission, but according to clear Supreme Court precedent, were not relevant when a transaction was examined in court. |
 | | Revised Merger Guidelines in the United States, and cases decided subsequent to publication of those Guidelines, require that the efficiencies are of a character and magnitude sufficient to reverse the merger's potential to harm consumers. |
| www.ftc.gov /speeches/pitofsky/fobebf1.htm (4586 words) |
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