The French Constitutional Council has declared constitutional the French Competition Authority’s power to (i) withdraw its decision authorizing a merger, for failure by the parties to comply with their commitments and (ii) has required that the parties re-notify their transaction. This is an important decision upholding the French Competition Authority’s merger control powers. The French Competition Authority’s Canal Plus decision In August 2006, the Minister for Economy, then responsible for mergers, cleared the acquisition of sole control by Vivendi Universal and Canal Plus over TPS and CanalSatellite. This decision imposed 59 commitments on the merging parties. In September 2011, having determined that some of these commitments had not been complied with, the French Competition
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The French Constitutional Council upholds NCA’s power to withdraw merger approval (Canal plus)
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