Glossary of competition terms

This Glossary matches the list of keywords used by Concurrences search engine. Each keyword is automatically updated by the most recent EU and national case laws from the e-Competitions Bulletin and Concurrences Review. The definitions are excerpt from DG COMP’s Glossary of terms used in EU competition policy (© European Union, 2002) and the OECD’s Glossary of industrial organisation economics and competition law (© OECD, 1993).

Trustee (merger)

A legal or natural person appointed in merger cases to oversee the implementation of commitments and to contribute to their implementation where required. The trustee is appointed by the parties who have offered commitments the Commission with the Commission’s approval. His powers and duties are set out in the Trustee mandate, an agreement between the trustee and the parties - again subject to the Commission’s approval. The Trustee normally has the power to propose and if necessary impose measures on the parties to ensure compliance with the commitments as well as an irrevocable mandate to effect the divestiture of the business or businesses to be sold, at no minimum price, if the parties fail to do so within a given period. © European Commission

See Commission Notice on remedies acceptable under Council Regulation (EC) No 139/2004 and under Commission Regulation (EC) No 802/2004