Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Media Coverage

Parr-global.com quotes Chris Margison in an article about the pandemic’s effect on the economy

Fasken
Reading Time 1 minute read

“Pandemic's effect on economy likely to increase use of failing firm defense in deal reviews, attorneys say” by Mark Coakley, Parr-global.com

Parr-global.com quotes Toronto lawyer Chris Margison in an article about the pandemic’s effect on the economy.

Chris Margison, a competition attorney at Fasken who previously served as a special advisor to Canada's Commissioner of Competition, said that “we will see an increased use, or at least parties trying to make increased use, of the failing firm defense. However, there's a fairly high bar that has to be met to successfully deploy the defense to win approval, including showing that the target company is in fact failing and that there is no competitively preferable alternative to the merger. Such alternatives include finding a competitively preferable buyer, retrenchment, scaling back operations and liquidation,” he explained.