A Stark Reminder Of Merger Control Rules From EU Court
January 8, 2013, 12:13 PM EST
Law360, New York (January 8, 2013, 12:13 PM EST) -- On Dec. 12, 2012, the EU General Court handed down an important judgment that confirmed that companies that consummate mergers, acquisitions and other transactions without compliance with merger control rules risk fines. The court fully dismissed Electrabel's appeal of a European Commission decision to fine Electrabel €20 million ($26 million) for acquiring control over Compagnie Nationale du Rhone (CNR) without prior approval under the EU merger regulation (Case T-332/09).
This judgment serves as an important reminder to business that competition authorities around the world apply a...