After sixteen years of negotiation and numerous Commission's proposals, on December 21, 1989 the Council of Ministers of the EC finally adopted a Regulation on the Control of Concentrations Between Undertakings. The Regulation enters into force on September 21, 1990.
Although the first draft regulation had been issued by the Commission as long ago as 19732, the Council has been unable to reach consensus on the subject for some time. Several amended proposals followed the 1973 draft, but it was only recently that things became really serious, as the Council has been put under considerable pressure by the Commission and industry to finally decide. The increasing pressure has been considered due largely to the EC Court's decision in the BAT-Reynolds Case and the rather active behaviour the EC Commission has displayed in intervening in concentrations since that judgment.