Merger Control Worldwide: Second Supplement to the First Edition (Merger Control Worldwide)

Cover......Page 1
Half-titile......Page 3
Title......Page 5
Copyright......Page 6
Contents......Page 7
List of contributors......Page 9
Table of cases......Page 15
Table of legislation......Page 19
Introduction to the Second Supplement......Page 23
Introduction to the First Supplement......Page 24
1.1 29 March 2007 Bill......Page 25
1.4 17 August 2005 Bill......Page 26
2.1 Pernod Ricard/Allied Domecq......Page 27
2.5 Multicanal SA y otros c/Conadeco......Page 28
2.8 Brahma/Quilmes......Page 29
2.11 Grupo Clarín SA/Cablevisión SA......Page 30
2.12 Sanofi/Aventis......Page 31
2.13 Disco/Jumbo......Page 32
4. Tasks and functions of the Commission......Page 33
5.1.2 On the given commodity market......Page 34
5.2.3 Confidentiality......Page 35
7. Final orders and sanction by the authorities......Page 36
10. Cooperation with other competition authorities......Page 38
2. Informal clearance......Page 39
4. Notification thresholds......Page 42
10. Fines......Page 43
11. Appeal......Page 44
2. A new competition law......Page 45
2. Timing for the notification......Page 47
4. Confidentiality......Page 49
6. Financial sector......Page 50
7. Bill of Law 5877/2005......Page 51
8. The OECD Report......Page 52
9. Changes in the criteria for monetary adjustment of fines imposed on companies......Page 53
1. Scope of interim injunctions to prevent consummation of proposed transactions......Page 54
2. Commissioner sets out public position on merger remedies......Page 55
2. Degree of concentration......Page 56
4. Risks for competition......Page 57
9 China......Page 58
3.1.1 Notification formalities......Page 62
4.1 Conditional clearance......Page 63
1.2 Guidelines on Non-Horizontal Mergers......Page 65
2.1 Merger notification rules......Page 66
3.2 Award of compensation for losses resulting from an illegal prohibition decision......Page 67
3.3 Standard of evidence required of the Commission in conglomerate effects......Page 68
Threshold exceptions......Page 69
Conduct of the investigation......Page 70
Infringement of duties under the ARC......Page 71
Participation of third parties in the proceedings......Page 72
Civil proceedings of third parties against the concentration......Page 73
1. Structure of the GCC......Page 76
2.1 Pre-merger notification......Page 77
2.2 Post-merger notification......Page 78
3.2 Early implementation......Page 79
5.1 Sectoral investigations......Page 80
5.2 Cooperation with sector-related regulatory authorities......Page 81
6 Cooperation with other competition authorities......Page 82
1. Relevant legislation and statutory standards......Page 84
3.1 Definitions: "merger" and "control"......Page 85
3.2 Thresholds for mandatory notification......Page 86
3.4.1 Information gathering......Page 87
4. Substantive assessment and test......Page 88
5. Final orders and sanctions by authorities......Page 89
2.1.1 Definition of "concentration" under Law No. 287/90......Page 91
2.1.2 Turnover thresholds......Page 92
2.2 Procedural steps and notification formalities......Page 93
5. Appeal and judicial review......Page 94
6. Enforcement by private parties......Page 95
7.2 General economic interest services and legal monopolies......Page 96
1. Regulation under the Antimonopoly Law and prior consultation......Page 97
2.3 Scope of the concentration to be reviewed under the Antimonopoly Law and the Merger Guidelines......Page 98
2.5.1 Horizontal mergers......Page 99
3.3 Second review - Detailed review through the investigation by the JFTC......Page 100
4. Amendment to the filing requirement for stock acquisitions......Page 101
2. Decision-making bodies and enforcement authority(ies)......Page 102
3.1.2 Acquisition of shares......Page 103
3.2.2 Determination of "Related Person"......Page 104
3.3 Simplified notification......Page 105
3.6 Review by the KFTC......Page 106
3.8 Penalties for failure to file......Page 107
4.2.1 Object of transaction......Page 108
4.3.1 Creation of presumption......Page 109
(2) Criteria for determining non-viable company......Page 110
(1) Market Concentration: Presumption under the Review Guidelines......Page 111
(3) Likelihood of new entries......Page 112
(1) Market blocking effect......Page 113
5.1 KFTC's orders and sanctions......Page 114
6.2.1 Review by appellate court......Page 115
8. Mergers in specific sectors......Page 116
9. Co-operation with other competition authorities......Page 117
2. Notification requirements and procedures......Page 118
4. Final orders and sanctions by authority(ies)......Page 119
19 Mexico......Page 121
1. Relevant legislation and statutory standards......Page 122
2. Decision-making bodies and enforcement authority(ies)......Page 123
3. Notification requirements and procedures......Page 124
4. Substantive assessment and test......Page 125
6. Appeal and judicial review......Page 126
9. Co-operation with other competition authorities......Page 127
1. Relevant legislation......Page 128
2. Notification requirements and procedures......Page 129
3. Substantive assessment and test......Page 130
4.4 Breach of authorisation conditions......Page 131
4.5 Breach of full standstill exemption conditions......Page 132
2. Substantive assessment and test......Page 133
3. Pecuniary penalties......Page 134
3.1 Thresholds......Page 135
4.1 The efficiency defence......Page 136
5.1 Cases involving public principles or interests of major significance......Page 137
1. Relevant legislation and statutory standards......Page 138
1.3 Concept of control......Page 139
1.5 Types of mergers......Page 140
2.1 The Competition Commission of Singapore (CCS)......Page 141
2.3 The Minister for Trade and Industry......Page 142
3.3 Pre-notification discussion......Page 143
3.5 Transparent procedures......Page 144
4.1.1 Substantive assessment......Page 145
4.2 Market definition......Page 146
4.5.1 Non-coordinated effects of the merger......Page 147
4.7 Reviewing economic efficiencies......Page 148
5.3 Unfavourable decisions......Page 149
5.4.2 Investigation of mergers by the CCS......Page 150
8. Mergers in specific sectors......Page 151
9. Cooperation with other competition authorities......Page 152
1.1 Greater independence in decision-making......Page 153
1.2 Changes to decision-making bodies and enforcement authorities......Page 154
1.5 Changes to the duration of investigations......Page 155
1.8 Short form notifications......Page 156
1.10 Express recognition of efficiencies as a possible justification......Page 157
2. Prohibitions recommended by the TDC......Page 158
4. Appeal and judicial review: Gas Natural/Endesa......Page 159
5. Enforcement by private parties: Gas Natural/Endesa......Page 160
2. Procedure and substantive assessment......Page 161
4. Table of Phase II investigations......Page 162
5.1 The Federal Administrative Court......Page 163
6. Right of third parties to appeal against decisions of the ComCo......Page 164
3.1 Combinations subject to notification in Taiwan......Page 165
3.2 Jurisdictional thresholds......Page 166
3.3 The Guidelines for the handling of combination filings......Page 167
3.4 Jurisdictional waiver......Page 168
3.7 Closing before clearance......Page 169
3.9 Review process......Page 170
4. Substantive assessment......Page 171
5.2 Sanctions......Page 172
6. Appeal and judicial review......Page 173
9. Cooperation with authorities in other jurisdictions......Page 174
1. Definition of concentration......Page 175
3. The structure of the AMC......Page 176
6. International co-operation through bilateral arrangements......Page 177
3. Disclosure and confidentiality......Page 179
4.3 Initial orders and undertakings......Page 180
6. Appeal and judicial review......Page 181
Criteria for pre-merger notification.......Page 183
1.2 Exemptions......Page 184
2.3 Market concentration......Page 185
3. State enforcement: examples......Page 186
4. Mergers in specific sectors: rail transportation......Page 187
Index......Page 188