Italian merger-control rules
On 5 August 2013, the Italian Competition Authority (ICA) published a communication aiming to clarify how to determine the second threshold under the amended Article 16, paragraph 1, of Law no. 287/90 in the case of newly set-up joint ventures and mergers.
Article 16, paragraph 1, of Italian Law No. 287/90 — as amended by the Decree-Law No. 1/2012, converted into Law No. 27/2012 — states that a concentration shall be notified to the ICA if (i) the Italian aggregate turnover of all undertakings concerned exceeds €482m (£417m) and (ii) the Italian turnover of the target exceeds €48m. Starting from 1 January 2013, these turnover thresholds are no longer alternative but cumulative.
With the communication, the ICA has clarified the meaning of ‘national turnover realised by the undertaking whose acquisition is expected’ (the second turnover threshold referred to in Article 16, paragraph 1, Law No 287/90), in particular in cases of the establishment of new joint ventures and mergers…
If you are registered and logged in to the site, click on the link below to read the rest of the NCTM briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from NCTM
News from The Lawyer
Briefings from NCTM
In the two kinds of insurance (’loss occurrence’ and ’claims made’), the risk linked to the premium is different.
The ECJ’s recent decision is characterised by a wide interpretation of two constitutive elements of the producer liability for defective product.
Analysis from The Lawyer
Being sent to London on secondment is a prized opportunity for associates in European firms