The European Commission's jurisdiction to scrutinise [sic] mergers /

The European Commission's jurisdiction to scrutinise [sic] mergers /

Saved in:
Bibliographic Details
Author / Creator:Broberg, Morten P.
Edition:2nd ed.
Imprint:The Hague ; New York : Kluwer Law International, c2003.
Description:xv, 446 p. : ill. ; 25 cm.
Language:English
Series:European monographs ; 16
Subject:
Consolidation and merger of corporations -- Law and legislation -- European Economic Community countries.
Consolidation and merger of corporations -- Law and legislation.
Europe -- European Economic Community countries.
Europe -- European Union countries.
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/5040831
Hidden Bibliographic Details
Varying Form of Title:European Commission's jurisdiction to scrutinize mergers
ISBN:9041118047 (alk. paper)
Notes:Includes bibliographical references (p. 393-411) and index.
Table of Contents:
  • Preface to the Second Edition
  • Preface to the First Edition
  • 1.. Introduction
  • 1.. Control of Concentrations and the World of Politics
  • 2.. The Scope of the Merger Regulation
  • 3.. One-Stop-Shop
  • 3.1.. The main rule
  • 3.2.. The exceptions
  • 3.3.. The relationship between the one-stop-shop and the Community dimension
  • 4.. The Thresholds
  • 5.. Basic Overview of the Merger Regulation Procedure
  • 6.. This Work
  • 6.1.. The subject matter
  • 6.2.. Structure
  • 6.3.. Cut-off date for the work
  • 2.. The Undertakings Concerned
  • 1.. Introduction
  • 2.. The General Definition
  • 2.1.. 'The direct participants'
  • 2.2.. The two-thirds threshold and the undertakings concerned
  • 2.3.. Individuals and families as undertakings concerned
  • 3.. Joint Bidding and Full-Function Joint Ventures
  • 3.1.. Introduction
  • 3.2.. Setting up a full-function joint venture
  • 3.3.. Joint Acquisition of Control
  • 3.3.1.. Introduction
  • 3.3.2.. Direct and indirect joint acquisition of control
  • 3.3.3.. Acquisition of control by an independent joint venture
  • 3.3.4.. Consequences of the distinction between bid vehicles and independent joint ventures
  • 3.4.. Acquisition of joint control in order to split assets immediately
  • 4.. Taking Over a Part Only
  • 4.1.. Introduction
  • 4.2.. Definition of a 'part'
  • 4.3.. Going from joint to sole control
  • 4.4.. Reductions or increases in the number of parents of a joint venture
  • 4.5.. Replacing one shareholder with another in a joint venture
  • 4.6.. Dividing jointly controlled assets
  • 4.7.. Asset swaps
  • 4.8.. Demergers
  • 4.9.. Applying Article 5(2) to the creation of a joint venture
  • 4.10.. The British Airways/Dan Air case
  • 4.10.1.. Introduction
  • 4.10.2.. Background
  • 4.10.3.. The judgment of the Court of First Instance
  • 4.10.4.. Article 5(2) and Dan Air
  • 4.10.5.. Minimising the damage
  • 4.11.. Staggered transactions
  • 4.11.1.. Introduction
  • 4.11.2.. What transactions are covered?
  • 4.11.3.. When are the parties to a transaction 'the same'?
  • 4.11.4.. Creeping acquisitions
  • 4.11.5.. How is the two-year time limit calculated?
  • 4.11.6.. When must the Commission examine the transactions?
  • 3.. The Group
  • 1.. Introduction
  • 2.. The Notion of Control
  • 2.1.. Introduction
  • 2.2.. Actual versus formal control
  • 2.3.. Direct and indirect control
  • 2.4.. The point in time when control must exist
  • 2.5.. The four criteria in Article 5(4)(b)
  • 2.5.1.. Introduction
  • 2.5.2.. Owns more than half the capital or business assets
  • 2.5.3.. Has the power to exercise more than half the voting rights
  • 2.5.4.. Has the power to appoint the majority of the board (etc.) of the undertaking
  • 2.5.5.. Has the right to manage the undertakings' affairs
  • 2.6.. Networks of undertakings
  • 3.. The Related Undertakings
  • 3.1.. Introduction
  • 3.2.. Subsidiaries
  • 3.3.. Parent undertakings
  • 3.4.. Sister-undertakings
  • 3.5.. Group-members have joint control over an undertaking
  • 3.6.. Undertakings concerned have joint control over a third undertaking
  • 3.7.. The Commission's approach to joint control
  • 3.7.1.. Introduction
  • 3.7.2.. The undertaking concerned is under joint control
  • 3.7.3.. The undertakings concerned have joint control within the meaning of Article 3(3)
  • 3.7.4.. The undertaking concerned has joint control together with a third undertaking
  • 3.7.5.. Final comment
  • 3.8.. Agents
  • 3.9.. Public undertakings
  • 4.. The Basic Rules
  • 1.. Introduction
  • 2.. Preceding Financial Year
  • 2.1.. The main rule
  • 2.2.. Taking new but unaudited figures into account
  • 2.3.. Acquisitions and divestitures completed since the preceding financial year
  • 2.4.. Financial year of more/less than 12 months duration
  • 2.5.. Accounts which do not follow the EC standards
  • 2.6.. No reliable accounts available
  • 3.. Ordinary Activities
  • 3.1.. The main rule
  • 3.2.. Extraordinary items
  • 3.3.. State aid
  • 4.. Taxes and Sales Rebates
  • 5.. Conversion into Euros
  • 6.. Intragroup Sales
  • 6.1.. Introduction
  • 6.2.. Sales between the undertakings concerned
  • 6.3.. Joint ventures and intra-group sales
  • 6.3.1.. Joint venture is not part of the group
  • 6.3.2.. Joint venture is part of the group
  • 6.3.3.. Joint control only together with a third party
  • 6.4.. Selling off a part and intra-group sales
  • 5.. Geographic Allocation of Turnover
  • 1.. Introduction
  • 2.. The Relevant Sale
  • 2.1.. Sale out of the group
  • 2.2.. Sales through agents
  • 3.. Tangible Products
  • 3.1.. Place of purchaser, place of delivery
  • 3.2.. Place where the product is used
  • 3.3.. Three guiding rules
  • 3.4.. Sale of rights to tangible products
  • 4.. Services
  • 4.1.. The main rule
  • 4.2.. Transport and courier services
  • 4.2.1.. Transport of goods
  • 4.2.2.. Transport of persons
  • 4.3.. Telecoms
  • 4.4.. Banking and insurance
  • 4.5.. Radio and television
  • 4.6.. The Internet
  • 5.. Changes in the Community Territory
  • 6.. The Financial Sector
  • 1.. Introduction
  • 2.. Credit Institutions and Other Financial Institutions
  • 2.1.. Background
  • 2.2.. The definition of 'credit institutions and other financial institutions'
  • 2.3.. Banking income under the Merger Regulation
  • 2.4.. Geographic allocation of banking income
  • 3.. Insurance Undertakings
  • 3.1.. Introduction
  • 3.2.. Definition of an insurance undertaking
  • 3.3.. Gross premiums written
  • 3.3.1.. Introduction
  • 3.3.2.. Amounts received and receivable
  • 3.3.3.. Contracts issued by or on behalf of the insurance undertakings
  • 3.3.4.. Outgoing reinsurance premiums
  • 3.3.5.. Taxes and parafiscal contributions or levies
  • 3.3.6.. Premiums from the reserves for reimbursement in life insurance
  • 3.4.. The definition of 'residence' in Article 5(3)(b)
  • 3.4.1.. Introduction
  • 3.4.2.. Residence explained
  • 3.4.3.. Applying the residence criterion
  • 4.. Mixed Groups
  • 4.1.. Introduction
  • 4.2.. Article 5 and mixed groups
  • 4.3.. Holding securities on a temporary basis (Article 3(5)(a) of the Merger Regulation)
  • 4.4.. The Commission's approach
  • 4.4.1.. The AG/Amev case
  • 4.4.2.. The Midland Bank case
  • 4.5.. Evaluating the mixed groups rule
  • 7.. The EEA Agreement
  • 1.. Background
  • 2.. The Basic Rules in the EEA Competition-enforcing System
  • 2.1.. Two enforcement bodies
  • 2.2.. Co-operation between the European Commission and the ESA
  • 2.3.. Judicial review
  • 3.. Jurisdiction
  • 3.1.. Introduction
  • 3.2.. EEA dimension?
  • 3.3.. EFTA dimension
  • 3.4.. Allocation of jurisdiction
  • 3.4.1.. The main rule
  • 3.4.2.. Referral from the Commission to a Member State
  • 3.4.3.. Referral from a Member State to the Commission
  • 3.4.4.. Consequences of splitting the EEA into two separate areas
  • 3.5.. Co-operation in the field of concentrations
  • 4.. Final Comment
  • 8.. Forum Shopping under the Merger Regulation
  • 1.. Introduction
  • 2.. A Brief Outline of the Jurisdictional Rules
  • 3.. Giving the Concentration a Community Dimension
  • 3.1.. Introduction
  • 3.2.. Making an acquisition through a joint venture
  • 3.3.. Escaping the two-thirds rule by including an extra undertaking concerned
  • 3.4.. Acquisition of sole control over previously reduced or enlarged companies
  • 3.5.. Splitting one transaction or joining more transactions
  • 3.6.. Other possibilities
  • 9.. The Real Community Dimension
  • 1.. Introduction
  • 2.. The Turnover Thresholds and Real Community Dimension
  • 2.1.. 'Real Community dimension'
  • 2.2.. The external limit of the Merger Regulation
  • 2.2.1.. Before the Gencor judgment
  • 2.2.2.. The Gencor judgment by the Court of First Instance
  • 2.2.3.. Has the Commission duly observed the Regulation's limits?
  • 2.2.4.. Conclusion on the extraterritorial reach
  • 2.3.. The internal limit of the Merger Regulation
  • 2.3.1.. Member State control or Community control?
  • 2.4.. Concentrations with a real Community dimension that escape the thresholds
  • 2.5.. Conclusion on whether the turnover thresholds provide a suitable definition of 'real Community dimension'?
  • 3.. Is it Possible to Improve The Regulation's Definition of Community Dimension?
  • 3.1.. Introduction
  • 3.2.. The problem in the present definition
  • 3.3.. Solutions
  • 3.3.1.. Introduction
  • 3.3.2.. Market shares
  • 3.3.3.. Size of transaction
  • 3.3.4.. Refining the present system
  • 3.4.. Recommendations for improving the delimitation of jurisdiction
  • 4.. Final Comments
  • Annex 1.. Council Regulation (EEC) No 4064/89 of 21 December 1989 on the control of concentrations between undertakings with subsequent amendments
  • Annex 2.. Commission Regulation (EC) No 447/98 of 1 March 1998 on the notifications, time limits and hearings provided for in Council Regulation (EEC) No 4064/89 on the control of concentrations between undertakings
  • Annex 3.. Commission Notice on calculation of turnover under Council Regulation (EEC) No 4064/89 on the control of concentrations between undertakings
  • Annex 4.. Commission Notice on the concept of undertakings concerned under Council Regulation (EEC) No 4064/89 on the control of concentrations between undertakings
  • Bibliography
  • Table of Cases
  • Commission decisions in merger cases
  • Commission decisions in antitrust cases
  • Decisions by the European Court of Justice and by the Court of First Instance
  • Judgments and decisions by national courts and authorities and by the Permanent Court of International Justice
  • Index

Similar Items