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 Competition Commission may either simply authorize the merger (Section 9(6)), or authorize it with conditions attached (Art 9(8)). It may also take the necessary measures to restore effective competition where the concentration has been implemented without prior notification or where the undertakings concerned have failed to comply with the commitments taken or imposed (Section 8(10)). Where a …

Conditions and commitments - Divestiture

The Competition Commission may either simply authorize the merger (Section 9(6)), or authorize it with conditions attached (Art 9(8)). It may also take the necessary measures to restore effective competition where the concentration has been implemented without prior notification or where the undertakings concerned have failed to comply with the commitments taken or imposed (Section 8(10)). Where a concentration has been implemented in breach of the Competition Act the Competition Commission prohibits it or may order the undertakings to de-merge or the assets to be separated and the cessation of joint control (Section 9(4)). Failure to comply with an order of the Competition Commission imposing such measures is punishable by a fine.

 Once a proposed concentration has been notified, it cannot be put into effect until the Competition Commission has issued a decision. A breach of this prohibition is punishable by a fine of at least EUR 30,000 and up to 10% of the aggregate turnover in the Greek market of the undertakings concerned (Section 9(1)). The violation of the prior notification requirement is punishable by the same (Section 6(4)). In addition, criminal penalties of between EUR 15,000 and EUR 150,000 may be imposed on any natural person acting individually or as the legal representative of an undertaking, in violation of Sections 5 to 10 of the Competition Act (specifically in the event of failure to notify a concentration: Section 44 (1)). Failure to comply with a decision of the Competition Commission ordering the separation of assets or the cessation of joint control is punishable by a fine of up to 10% of the aggregate turnover of the participating undertakings and penalties of up to EUR 10,000 per day of non-compliance may also be imposed (Section 9(4)b).

Global Competition Law

360. Conditions and commitments - Divestiture

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Les notions juridiques connexes

360. 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