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

Sign in

Register

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

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

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.

Briefings from NCTM

View more briefings from NCTM

Analysis from The Lawyer

Overview

Via Agnello 12
Milan
20121
Italy
http://www.nctm.it

Turnover (€m): 77.00
Jurisdiction: Italy