New enterprises to be set up by large-scale enterprises must file an application for merger

To prevent the effect of restriction on competition produced from mergers derived from the pass of the Enterprise Mergers Law, the Fair Trade Commission (“FTC”) of Executive Yuan resolved in a meeting that if two enterprises of which business volumes exceed 10 billion in last year or two financial enterprises of which business volumes exceed 20 billion decide to cooperatively invest in a new enterprise, the new enterprise must file an application for merger with the FTC, following the precedent of the existing enterprises. 

Source: Liberty Times 08/22/2002