Lessons to Be Learned from India's Latest High Profile Merger Review: The Jet-Etihad Deal

The Competition Commission of India recently approved the largest investment in the Indian aviation sector. The clearance decision provides important lessons about the Commission’s approach in reviewing composite transactions in India. The decision marks the first: dissent of the Indian competition bench in the area of merger control, merger approval to be challenged (on merits), competitive analysis of collaborative ventures under Indian competition law, besides being a rare instance where the Commission analyzed the concept of ‘control’ under Indian merger control law.