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.
News from NCTM
News from The Lawyer
Briefings from NCTM
Advocate-general Pedro Cruz Villalón of the European Court of Justice has ruled on the nature and meaning of the concept of parody.
EU Court of Justice rules against referral to pre-determined percentages relating to the degree of recognition of the mark
The EU Court of Justice recently had the opportunity to clarify a set of crucial issues regarding the distinctive character of colour marks.
Analysis from The Lawyer
Being sent to London on secondment is a prized opportunity for associates in European firms