Jurisdiction(s):
United Kingdom

International merger control—March 2024: revised thresholds (India, Italy, Philippines), gun-jumping enforcement, and key developments across the EU, UK, Australia, Canada, South Africa and more

Published by a LexisNexis Competition expert

Practice notes

This month brings higher notification thresholds in India, alongside the annual adjustments to merger thresholds in Italy and the Philippines.

India—increases in the merger control thresholds

On 7 March 2024, the Government revised the asset and turnover thresholds for notifying M&A transactions to the Competition Commission of India (CCI). The de minimis exemption, and the parties and group tests under the Competition Act 2002 (as amended), have been changed. A filing is now required in India where stand-alone parties meet any of the following:

combined assets in India exceed INR 2,500 Crores (INR 25bn) (approximately €279.95m/US$302.67m) (previously INR 20bn);
combined turnover in India exceeds INR 7,500 Crores (INR 75bn) (approximately €839.86m/US$908.00m) (previously INR 60bn);
combined worldwide assets exceed US$1.25bn (approximately €1.16bn) (previously US$1bn), including assets in India exceeding INR 1,250 Crores (INR 12.5bn) (approximately €139.98m/US$151.33m) (previously INR 10bn);
combined worldwide turnover exceeds US$3.75bn (approximately €3.47bn) (previously US$3bn), including turnover in India exceeding INR 3,750 Crores (INR 37.5bn) (approximately €419.93m/US$454.00m) (previously INR 30bn).

If the parties are part of a corporate group, either:

assets in India exceed INR 10,000 Crores...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...