EU Probes Areva, Siemens Noncompete Clauses

Law360, New York (June 2, 2010, 11:37 AM EDT) -- The European Commission is investigating whether Areva and Siemens AG ran afoul of European Union competition law by using noncompete clauses when the French energy giant took over the companies' civil nuclear technology joint venture in 2009, the antitrust regulator said Wednesday.

The EC has opened a formal investigation into the noncompete clauses and other contractual limitations between the companies and will consider whether they improperly inhibit competition for some civil nuclear technology products.

The two companies combined their efforts in the field in 2001 into...
To view the full article, register now.