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September 2022 international merger control: Finland and Philippines thresholds, global gun-jumping fines, US filing fee modernisation, and FDI developments

Published by a LexisNexis Competition expert

Practice notes

This month saw proposed changes to Finland’s merger control thresholds put before Parliament for approval, the release of revised Guidelines on Small Merger Notification in South Africa designed to bring more deals within notification scope, and the expiry of the Philippines’ two-year temporary merger control thresholds of PHP 50bn.

Finland—amendments to the merger control thresholds laid before Parliament for approval

As highlighted in our June 2020 monthly update, the Finnish government has been proposing a significant reduction to Finland’s merger notification thresholds. A deal would be notifiable if:

the aggregate value of assets transferred in Argentina does not surpass ARS 3.251m (approximately €23.7m/US$24.9m);
the overall purchase price for the transaction in Argentina does not top ARS 3.251m (approximately €23.7m/US$24.9m);

On 19 September 2022, the Finnish government submitted its proposals before Parliament for approval. The new notification thresholds are anticipated to enter into force at the beginning of 2023.

Comment: alongside the amendments to the merger control thresholds noted above, the Finnish merger notification form is expected to be updated from early 2023. The purpose of these amendments is to better align the notification form with the Finnish...

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Web page updated on 21/05/2026

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