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

The Cartel Act prohibits implementation before clearance in the case of mergers subject to merger notification. Until clearance, the merger is void (which means that it does not create any obligations for the parties), prohibited and subject to fines.
  Alternatively, the Cartel Court can approve the concentration subject to conditions. These conditions may thereafter be revoked or modified upon a …

Conditions and commitments - Divestiture

The Cartel Act prohibits implementation before clearance in the case of mergers subject to merger notification. Until clearance, the merger is void (which means that it does not create any obligations for the parties), prohibited and subject to fines.

  Alternatively, the Cartel Court can approve the concentration subject to conditions. These conditions may thereafter be revoked or modified upon application.

Unauthorized implementation of a merger that requires merger notification is subject to fines of up to 10% of the combined worldwide turnover in the last business year of the undertakings involved (Section 29 of the Cartel Act). Violating a prohibition on a concentration, or failing to comply with conditions imposed on a concentration may lead to similar fines. The filing of incorrect or incomplete merger notifications is subject to fines of up to 1% of the combined worldwide turnover in the last business year of the undertakings involved. The amount of the fine depends on the seriousness and the duration of the infringement of the Cartel Act, on the enrichment resulting from the violation and on the economic capability of the undertaking (Section 30 of the Cartel Act).

Global Competition Law

27. Conditions and commitments - Divestiture

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Les notions juridiques connexes

27. Conditions and commitments - Divestiture

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