Pandemic, Economic Crisis, and the Failing Firm Defense

The profound economic shock caused by the COVID-19 pandemic is likely to cause the failure of a number of firms and possible consolidation in some sectors of the economy. Firms whose business model was faltering pre-crisis will not survive and this may generate M&A activity in relation to distressed assets. This poses a dilemma for competition authorities. These authors do not believe that this area of merger control policy requires a radical rethinking and, on the contrary, competition auth