Global Competition Law is primarly a practitioner's guide presenting the most salient aspects of the major competition laws country by country, giving an overview of their structure and most charasteristic elements.
Global Competition Law also provides insight into possible future developments in the field.

Global Competition Law

Currently, the fine for failure to notify has been increased to C$50,000 (US$ 37,340), but this offense is not punishable by imprisonment. The same fine applies in case of implementation without approval. In such case the parties are also liable for administrative penalties not exceeding C$ 10,000 (US$ 7,468) for each day they fail to comply (Section 123.1 of the Competition Act). …

Fines

If the Tribunal finds that a merger substantially lessens competition or is likely to do so, it may order the parties not to proceed with all or part of the merger, or if the merger should be completed, attach conditions thereto (Section 92 of the Competition Act). In the case of a completed merger, the Tribunal is empowered to dissolve the merger, direct the disposition of assets, and make such other orders as are necessary.

When the Competition Bureau determines that a merger substantially prevents or lessens, or is likely to substantially prevent or lessen, competition, the Commissioner can apply to the Competition Tribunal under Section 92 for an order dissolving the merger or disposing of designated assets or shares.

Conditions and commitments - Divestiture

Currently, the fine for failure to notify has been increased to C$50,000 (US$ 37,340), but this offense is not punishable by imprisonment. The same fine applies in case of implementation without approval. In such case the parties are also liable for administrative penalties not exceeding C$ 10,000 (US$ 7,468) for each day they fail to comply (Section 123.1 of the Competition Act).

Global Competition Law

885. Fines

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Les notions juridiques connexes

885. Fines

Demandez un accès gratuit au contenu exclusif Livv – juristes d’entreprise

Les notions juridiques connexes

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise