CASE COMMENTS: MERGERS – EUROPEAN UNION – PROCEDURAL INFRINGEMENT – PROVISION OF INCORRECT AND MISLEADING INFORMATION

Procedural infringement: The European Commission fines a notifying party 52 million euros for negligently providing incorrect information during the merger review process (General Electric / LM Wind Power)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Under Article 14(1)(a) of Regulation 139/2004, the Commission may impose fines of up to 1 % of the turnover of the undertaking concerned where the undertaking concerned intentionally or negligently provides incorrect or misleading information in a notification. The Commission imposed for the first time since the adoption of Regulation 139/2004, in May 2017, a fine of €110 million on Facebook for providing incorrect information during the Commission's investigation into the acquisition of WhatsApp (EuropeanCommission, Facebook/WhatsApp, Decision of 17 April 2017, COMP/M.8228). By decision of 8 April 2019, the Commission imposed a further fine for supplying

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Olivier Billard, Guillaume Fabre, Solène Hamon, Procedural infringement: The European Commission fines a notifying party 52 million euros for negligently providing incorrect information during the merger review process (General Electric / LM Wind Power), 8 April 2020, Concurrences N° 2-2020, Art. N° 94888, pp. 121-123

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