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

Finalizing a concentration without having obtained approval or failing to notify a concentration where required is punishable by a fine of up to either 10% of net turnover in the previous calendar year or 10 million Czech crowns (EUR 409,885). Remedial measures may be imposed where the parties fail to respect an order imposing a fine.
Under the fining guidelines of April 2018, gun jumping is deeme …

Fines

Where the Office finds that a concentration has been implemented without notification, it may impose penalties including divestment of all or part of the enterprise acquired. Further, in its decision authorizing a merger, the Office may attach conditions and restrictions to preserve effective competition or to make the approval itself conditional on the fulfillment of commitments that the merging parties have made before or during the proceedings.

  The Office may revoke a concentration decision where the parties were responsible for providing false or incomplete information, where the decision was obtained by deceit, or where the undertakings breach conditions attached to the decision.

Conditions and commitments - Divestiture

Finalizing a concentration without having obtained approval or failing to notify a concentration where required is punishable by a fine of up to either 10% of net turnover in the previous calendar year or 10 million Czech crowns (EUR 409,885). Remedial measures may be imposed where the parties fail to respect an order imposing a fine.

Under the fining guidelines of April 2018, gun jumping is deemed as a serious infringement, punishable by a fine the basic amount of which may represent 3 to 10% of the undertaking's sales. However, the Office states that where the transaction has subsequently been cleared without commitments or following the simplified procedure, the value of the sales taken into account will be reduced (by up to 2% and 1% respectively).

Global Competition Law

166. Fines

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Les notions juridiques connexes

166. 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