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European Competition Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • General Introduction

  • Part 1: Introduction

  • Part 4: Mergers

    • Title 1: Introduction

    • Title 2: Scope of control

      • Chapter 2: Concept of concentration

        • Section 1: Mergers between previously independent undertakings

        • Section 3: Full-function joint ventures

          • I: Definition

            • A: Constituent elements

            • B: Sufficient resources

            • C: Sustainable operation

            • D: Operational autonomy

            • E: Relationship with the parent companies

      • Chapter 5: Indirect control

304. Sustainable operation

1 minute de lecture

The joint venture must be able to function on a lasting basis. Thus, the joint venture whose continuity is guaranteed, and where there is no clause of early dissolution, constitutes a full-function undertaking unlike the joint venture which will be dissolved once its objectives are achieved, within a three-year period . Where its framework agreement does not fix any duration, a joint venture may …

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