August 1999

Mergers

The Hungarian Competition Office authorises a concentration through acquisition of minority shareholding with detailed reasoning on de facto control (Renault/Nissan)
Lakatos, Köves (Budapest)
,
Lakatos, Köves (Budapest)
,
DKKR Partners
The HCO initiated an investigation at the request of Renault S.A. ("Renault") for approval of the concentration of Renault and Nissan Motor Co. ("Nissan"). Renault and Nissan entered into an agreement pursuant to which Renault acquired a shareholding representing 36.8 per cent of the share (...)

The EU Commission authorises an alliance between Italian and Dutch airlines subject to behavioural remedies (KLM / Alitalia)
European Commission (Brussels)
"Alitalia-KLM: A new trend in assessing airline alliances ?"* On 11 August 1999, the European Commission authorised the alliance between the Italian airline Alitalia and the Dutch airline KLM. The investigation of the proposed alliance brought the Commission to address a certain number of (...)

State Aid

The German Federal Administrative Court rules that a recovery decision may also be addressed under certain conditions against a third party who is not the direct aid recipient as specified in the funding decision
Gleiss Lutz (Brussels)
,
Jones Day (Brussels)
,
Gleiss Lutz (Brussels)
The Federal Administrative Court (Bundesverwaltungsgericht) ruled that if a funding decision obliges its addressee to forward the funding to a third party in accordance with its intended purpose and to provide a corresponding declaration of commitment, a withdrawal decision ordering the (...)

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