Watchdog gives update on Aon-WTW competition review
The review of the Competition Guard under the guidelines for the informal merger review process began last October. It was also late 2020 when other regulators like the European Commission (EC) and the New Zealand Trade Commission set out their respective tentative questions related to the mammoth union. The Singapore Competition and Consumers Commission held a consultation earlier this month as part of its own regulatory investigation. The EC has meanwhile extended its decision deadline by 10 working days to July 27, 2021. As the executive body of the European Union, the Commission examines, among other things, mergers in order to prevent market concentrations that significantly impair effective competition in the European Economic Area. In 2019, the Jardine Lloyd Thompson Group had to outsource its global aerospace practice in order for the Marsh McLennan takeover to relieve the EU. It has been reported that certain companies within Aon-WTW will also need to be sold to get t...