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

It is up to the merging undertakings or the party/parties acquiring control over an undertaking to notify the operation to the Competition Authority if the threshold requirement is satisfied (Chapter 4, Article 9 of the Act). …

Merger notification

It is up to the merging undertakings or the party/parties acquiring control over an undertaking to notify the operation to the Competition Authority if the threshold requirement is satisfied (Chapter 4, Article 9 of the Act).

The Competition Authority has 25 working days from the date of receipt of notification to issue a decision as to whether or not it is necessary to carry out a special investigation of a concentration (Chapter 4, Article 11). During this period, the concentration may not be implemented (Chapter 4, Article 12). If a party to the concentration submits a proposed commitment, this time-limit will be prolonged to 35 working days. If special reasons exist, the Competition Authority may grant an exemption from the suspension period.

If the Competition Authority decides to carry out a special investigation, it has a further three months to issue a prohibition decision pursuant to Section 1, impose an obligation pursuant to Section 2 or decide to take no further action regarding the concentration. This time-limit can be extended by no more than one month at a time if the parties give their consent or if there are exceptional circumstances. 

A stop-the-clock mechanism also provides for a suspension of the applicable time-limits until the parties submit sufficient information. 

Global Competition Law

731. Merger notification

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Les notions juridiques connexes

731. Merger notification

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