December 1996

Anticompetitive practices

The Maltese Commission for Fair Trading refused to grant individual exemptions after termination of the block exemption (Simonds Farsons Cisk)
King’s College (London)
,
Superior Courts of Malta
The decision concerns a request for the granting of an individual exemption (based on the Malta Competition Act) to agreements already entered into by applicant company binding resellers of its products. The request centred around the fact that the termination of these agreements was going to (...)

Mergers

The European Commission approves a concentration in the insurance sector creating a leading European insurer in terms of premium income (Axa/UAP)
DG GROW (Brussels)
,
DG COMP (Brussels)
"Mergers - Summary of the most important recent developments"* On 20th December 1996, the Commission approved an operation whereby AXA will acquire sole control of UAP via an offer for exchange of shares, covering the whole of UAP‘s shares. The new French group will become a leading European (...)

The European Commission decides to carry out an in-depth investigation into a proposed concentration in the markets for platinum groups metals (Anglo American/Lonrho)
DG GROW (Brussels)
,
DG COMP (Brussels)
"Mergers - Summary of the most important recent developments"* On 16th December 1996 the Commission decided to open proceedings to carry out a “Phase 2” investigation in another case, the shareholding of the Anglo-American Corporation of South Africa (AAC) in Lonrho. AAC and companies related (...)

The EU Commission prohibits the creation of a joint-venture in the silicon carbide sector (Saint-Gobain / Wacker-Chemie / NOM)
DG GROW (Brussels)
,
DG COMP (Brussels)
"Mergers - Summary of the most important recent developments"* The second prohibition decision concerned the creation of a joint venture in the silicon carbide sector between Société Européenne des Produits Réfractaires (SEPR), belonging to the Saint-Gobain group, Elektroschmelzwerk Kempten (ESK), (...)

State Aid

The European Commission approves a State aid in the motor vehicles industry addressing the issue of the use of cost-benefit analysis in cases with low aid intensities (Ford Bridgend)
DG COMP (Brussels)
"Motor vehicles industry: Cost-benefit analysis is no longer used in cases with low aid intensities"* On 18 December 1996, the Commission took a positive decision on an investment aid project in favour of Ford Bridgend (South Wales, UK). The aided investment is concerned with setting up a (...)

The European Commission proposes a new steel aids code
DG COMP (Brussels)
"Proposal for a new steel aids code"* In a Communication of March this year the Commission proposes to the Council of Ministers to give its unanimous assent pursuant to Article 95 of the ECSC Treaty to the adoption of a new Steel Aids Code to replace the current fifth Steel Aids Code which (...)

Regulatory

The Council of the EU adopts a directive on common rules for the internal market in electricity
Garrigues (Brussels)
"Directive concernant les règles communes pour le marché intérieur de l’électricité"* On the 19th of December the Council finally adopted the directive on common rules for the internal market in electricity. The Directive provides for a gradual opening of the electricity market over six years. (...)

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