Joint control

 

Institution Definition

Joint control exists where two or more undertakings or persons have the possibility of exercising decisive influence over another undertaking. Decisive influence in this sense normally means the power to block actions which determine the strategic commercial behaviour of an undertaking. Joint control can be acquired legally or de facto. See Commission Notices on the concept of full-function joint ventures and on the concept of concentration (OJ C 66, 2.3.1998, p. 1 and 5). © European Commission

See Change of control and Joint venture

 
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