ARTICLES: JOINT VENTURE – FULL-FUNCTION – CONTROL

The concept of full-function joint venture: Comparative analysis of EU and French decisions

Rather than acquiring or merging with the target, undertakings often prefer setting up a joint venture as it is more flexible and less costly for economic actors. The joint venture will be dealt with, by the Competition Authorities, at different times and according to different legal materials whether the joint venture is full-function or not. The present article reviews the various stages of reasoning followed in order to identify a full-function joint venture subject to ex-ante merger control or, in the event that the joint venture would not be subject to merger control, the precautions to be taken for it not to fall under the scope of article 101, paragraph, 1 TFEU.

1. Selon son degré d’autonomie sur le marché, une entreprise commune ne sera appréhendée par la Commission européenne ni au même moment, ni sous l’égide des mêmes textes: Soit l’entreprise commune est de plein exercice et – à la condition que les seuils de concentration européens soient remplis – relève du règlement 139/2004 [1]. Dans ces conditions, le contrôle de l’entreprise commune s’exerce ex ante, sa mise en œuvre ne pouvant être réalisée sans l’autorisation de la Commission européenne. Soit l’entreprise commune n’est pas de plein exercice et s’apparente davantage à un partenariat entre entreprises dont la structure commune restera largement dépendante de ses mères. Son contrôle s’effectuera ex post au regard, non pas du droit des concentrations, mais des ententes et de l’article 101, paragraphe 1 du

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  • Willkie Farr & Gallagher (Paris)

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Faustine Viala, The concept of full-function joint venture: Comparative analysis of EU and French decisions, May 2016, Concurrences Review N° 2-2016, Art. N° 79484, pp. 81-91

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