Following Brexit, if the UK is no longer a member of the European Economic Area, then there will be no ‘one stop shop’ for mergers at the EU level and a separate merger review may need to be carried out in the UK. This means merger notifications may be required in both the EU and the UK. This would result in a significant increase in transaction costs, time and administration, in addition to the risk of potential uncertainty as companies face possibly divergent or inconsistent decisions.
