CASE COMMENTS: MERGER - EUROPEAN UNION - SANCTIONS - GUN JUMPING - CHANGE OF CONTROL - SOLE CONTROL

Gun jumping: The General Court of the European Union confirms the European Commission’s decision imposing fines on a telecommunications company for implementing a merger before its notification and clearance (Altice / PT Portugal)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. In March 2016, the European Commission [the "Commission"] had opened an investigation into whether Altice Europe NV ["Altice"] had breached the prior notification and standstill obligations under the EU Merger Control Regulation [the "Regulation"] in connection with its acquisition of sole control of PT Portugal. By a decision dated April 24, 2018 it had concluded in the affirmative and imposed two fines of EUR 62,250,000 each on Altice , one for breach of the obligation to notify the concentration in advance as provided for in Article 4(1) of the Regulation [the "notification obligation"] and the other for breach of the obligation to suspend the

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David Tayar, Jalil El Khanchoufi, Gun jumping: The General Court of the European Union confirms the European Commission’s decision imposing fines on a telecommunications company for implementing a merger before its notification and clearance (Altice / PT Portugal), 22 September 2021, Concurrences N° 4-2021, Art. N° 103339, pp. 93-95

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