A PYMNTS Company

One Ring to Rule Them All?

 |  April 29, 2021

By: Georg Schmittmann (D’Kart)

In the epic fantasy novel “Lord of the Rings“, the evil Lord Sauron secretly forged the “One Ring”. His intentions were pretty clear. He wanted an all-powerful magic ring. “One Ring to Rule them all, One Ring to find them”, J. R. R. Tolkien wrote. Not to compare the European Commission with the evil Lord Sauron, but it does seem that the Commission may have found One Ring to rule over all mergers and transactions, to find them all. And while Art. 22 is not new but kept in hiding in plain sight over years, it is now rising from the depths of Mordor the Merger Control Regulation.

But enough of the prosaic references…