The EU General Court confirms the EU Commission’s decision of imposing a €20 m fine on a seafood company for gun jumping (Marine Harvest)

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BEWARE OF "GUN JUMPING": EU COURT UPHOLDS EUR 20 MILLION FINE IMPOSED ON NORWEGIAN SEAFOOD COMPANY* Between 2012 and 2013, Marine Harvest ASA (“Marine Harvest”), a Norwegian seafood company, acquired Morpol ASA (“Morpol”), a Norwegian producer and processor of salmon. Marine Harvest notified the transaction to the European Commission under the European Union’s Merger Regulation (“EUMR”), but implemented it prior to the European Commission having granted clearance. In 2014, the European Commission imposed a EUR 20 million fine on Marine Harvest for “jumping the gun”. On 26 October 2017, the General Court of the European Union (“General Court”) confirmed the European Commission’s decision (“Decision”). WHAT HAPPENED: On 14 December 2012, Marine Harvest entered into a share and purchase agreement

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  • McDermott Will & Emery (Dusseldorf)
  • McDermott Will & Emery (Paris)

Quotation

Daniel von Brevern, Jacques Buhart, The EU General Court confirms the EU Commission’s decision of imposing a €20 m fine on a seafood company for gun jumping (Marine Harvest), 26 October 2017, e-Competitions October 2017, Art. N° 92746

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