20.03.2023
On 16 March 2023, the ECJ confirmed the opinion of Advocate General Kokott: Competition authorities in the EU may intervene against mergers even if the transactions fall below notification thresholds (klick here). We had outlined the dispute and its impact on M&A practice when the Advocate General's opinion was published, see our article of 21 October 2022. Thus, for the planning of transactions, it should be noted:
Prudent advice on transactions in the EU thus includes not only checking turnover thresholds, but also at least a rough assessment of whether the merger could give rise to competition concerns and whether it might subsequently be taken up by an antitrust authority in the EU.
Dr Helmut Janssen, LL.M. (King's College London)
Partner
Brussels, Dusseldorf
helmut.janssen@luther-lawfirm.com
+32 2 627 7763 / +49 211 5660 18763 / +49 1520 16 18763
Martin Lawall, LL.M. (University of Glasgow)
Senior Associate
Brussels
martin.lawall@luther-lawfirm.com
+32 2 627 7767