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

There is no automatic penalty attached to the failure to notify or to observe a decision of the Competition Authority.
Chapter 6, Article 2 of the Competition Act provides that actions for the imposition of fines under the provisions of the Competition Act should be brought before a district court by the Competition Authority. Undertakings may also bring a request for fines before the court. The A …

Fines

 Under Chapter 4, Article 3 of the Act, as a result of a decision to prohibit a concentration, the undertaking making the acquisition may be ordered to divest itself of the acquired assets. Alternatively, where it is possible to eliminate the negative effects of a concentration, a party to a concentration may instead be required to either divest an undertaking, or part of an undertaking, or to take some other measure having a favorable effect on competition (Chapter 4, Article 2).

Conditions and commitments - Divestiture

There is no automatic penalty attached to the failure to notify or to observe a decision of the Competition Authority.

Chapter 6, Article 2 of the Competition Act provides that actions for the imposition of fines under the provisions of the Competition Act should be brought before a district court by the Competition Authority. Undertakings may also bring a request for fines before the court. The Act makes provision for the imposition of fines in the following cases, where and undertaking fails to comply with:

- an injunction pursuant to Chapter 4, Article 1;

- an obligation pursuant to Chapter 4, Article 2;

- a prohibition pursuant to Chapter 4, Article 12, third paragraph or Section 13a, third paragraph;

- decisions pursuant to Chapter 4, Article 14 or 21.

Global Competition Law

734. Fines

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Les notions juridiques connexes

734. Fines

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Les notions juridiques connexes

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au contenu exclusif Livv – juristes d’entreprise