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Form CO (EU) - Concurrences
<!DOCTYPE HTML> <html class="page_article article_glossaire composition_glossaire ltr en no-js" lang="en" dir="ltr"> <head> <base href="https://www.concurrences.com/"> <script type='text/javascript'>/*<![CDATA[*/(function(H){H.className=H.className.replace(/\bno-js\b/,'js')})(document.documentElement);/*]]>*/</script> <meta http-equiv="Content-Type" content="text/html; charset=utf-8" /> <title>Form CO (EU) - Concurrences</title> <meta name="description" content="Form which companies must use where a planned concentration has a Community dimension within the meaning of the Merger Regulation and therefore has to be notified to the Commission. 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href="//en/dictionary/form-co#auteur" data-target="#auteur"><span class="picto-round picto-auteur"><img src='squelettes/img/picto-glossaire-auteur.svg?1619777159' alt='' width='20' height='19' /></span><span class="menu-glossaire-item-label">Author Definition</span></a></li> <li class='mav-item menu-glossaire-item menu-glossaire-item-institution'><a class="btn btn-link" href="//en/dictionary/form-co#institution" data-target="#institution"><span class="picto-round picto-institution"><img src='squelettes/img/picto-glossaire-institution.svg?1619777159' alt='' width='18' height='16' /></span><span class="menu-glossaire-item-label">Institution Definition</span></a></li> <li class='mav-item menu-glossaire-item menu-glossaire-item-index'><button class="btn btn-link collapsed" role="button" data-target="#index" aria-expanded="false" aria-controls="index"><span class="picto-round picto-index"><img src='squelettes/img/picto-glossaire-index.svg?1619777159' alt='' width='20' height='18' /></span><span class="menu-glossaire-item-label">Table of contents</span></button></li></ul></div> <header class="section section_primary section_cols section_cartouche"> <div class="section__container"> <div class="cartouche cartouche_glossaire"> <h1 class="cartouche__heading" id="start"> <span class="start-mire"></span> <span class="crayon article-titre-12260 ">Form CO (EU) </span> </h1> </div> </div> </header> <section class="section section_primary section_cols section_author scrollable-anchor"> <div class="section__container"> <div class="section__main"> <h2 class="section__heading" id="auteur"> <span>Author Definition</span> </h2> <div class="section__content"> <div class="definition-section"> <h3 id="part-apercu" class="definition-section-title">Definition</h3> <div class="crayon article-chapo-101580 apercu surlignable"><p>The European Commission must review and clear, before their implementation, mergers, acquisitions of control and certain types of newly formed joint-ventures (“concentrations”) that meet the turnover thresholds set out in Regulation No 139/2004 (“the Merger Regulation”). The so-called Form CO, appended to Regulation No 802/2004 implementing the Merger Regulation (“the Implementing Regulation”), sets out the information that must be submitted to the Commission upon notification of such a proposed concentration as well as the structure and order of presentation the notifying parties must follow when furnishing the said information. The information pertains to the transaction, the parties thereto, the markets on which they operate and their specificities as well as alleged efficiencies. The prescribed time limits for the Commission’s review only begin to run once the information required by the Form CO is deemed complete.</p></div> </div> <div class="definition-section"> <h3 id="part-texte" class="definition-section-title">Commentary</h3> <div class="crayon article-texte-101580 texte surlignable"><p>In line with most jurisdictions throughout the world in which a merger control regime exists (see, in this respect, the ICN’s Merger Notification and Procedures Template), the European Union requires the notification of contemplated concentrations that fall under its purview prior to their implementation and sets out a detailed list of compulsory information in this context.</p> <p>Even if, for the purposes of establishing the Commission’s jurisdiction in particularly complex cases, the notification may contain ample developments on the transaction underpinning the change of control (Section 3 of Form CO) or even on the turnover to be taken into account with regard to the applicable jurisdictional thresholds (Section 4), the bulk of the information submitted will normally relate to the markets on which the concentration may have an impact. In this regard, the information sought by the Commission covers both static and dynamic dimensions of competition (see Section 7: market size, market shares of parties to the concentration and competitors, capacities; Section 8: structure of supply and demand, product differentiation and closeness of competition, market entry and exit, R&D, cooperative agreements).</p> <p>Qualification of the relevant market as an “affected” market triggers the obligation to submit the information prescribed under Sections 7 and 8. The thresholds for qualifying as an affected market were revisited by the Commission as part of a simplification package, which entered into force on 1 January 2014. The combined market share threshold of the parties post-transaction on the same relevant market (horizontal overlap) increased from 15% to 20%, whereas, in case of vertical relationships, the combined market share threshold in any of the upstream or downstream markets increased from 25% to 30%. These market share thresholds are, broadly speaking, reflected in Member States’ own merger control regimes (see the EU Merger Working Group’s Report on Merger Information Requirements, table B – part 3) and recent changes brought at national level have sought, where applicable, to close the gap with the Commission’s own requirements as reflected in Form CO (see, e.g., in France Decree n°2019-339 of 18 April 2019 which raises the vertical threshold from 25% to 30%). Form CO also contemplates the provision of the information prescribed under Sections 7 and 8 in relation to “other markets” where, in the absence of overlaps, other concerns may be flagged in relation to potential competition or conglomeral effects (see Section 6.4).</p> <p>In keeping with the objective of avoiding undue administrative burdens on notifying parties and seeking information only to the extent necessary to address material competitive concerns (see, in this regard, ICN Recommended Practices for Merger Notification and Procedures, part V), the Commission employs a number of tools to mitigate, where appropriate, the obligations weighing on notifying parties. Thus, on the one hand, it may waive the obligation to provide a number of information otherwise prescribed by the Form CO. Interestingly, the scope of potential waivers appears to be relatively large and includes the obligation to provide internal documents prepared for assessing the rationale of the concentration or competitive conditions on the affected markets – even as, arguably, the provision of the said documents entails, on the part of the parties, no drafting efforts and comparatively limited investigatory efforts. On the other hand, provided certain conditions are fulfilled, notifying parties may only have to provide the more limited information required under the so-called Short Form CO, also appended to the Implementing Regulation. Eligibility conditions vary in nature (see para. 5 of the Commission Notice on a Simplified Procedure) and relate (i) to the absence of horizontal and vertical relationships with regard to any markets on which the parties are present, (ii) their limited combined market share on markets thus concerned, (iii) the acquisition of sole control of an undertaking by a party which already exerts joint control over the former or (iv) the acquisition of a joint venture with negligible activities within the EEA.</p> <p>The simplification package adjusted the market share thresholds applicable under (ii) in a manner consistent with those applicable to “affected markets” under Form CO (see above) while introducing a new category whereby parties in a horizontal relationship with a combined market share not exceeding 50% and a Herfindahl-Hirschman Index increment not exceeding 150 “may” also benefit from the simplified procedure. In other words, in the latter instance, the Commission retains greater discretion to award the benefit of the simplified procedure, to be discussed with parties at the informal pre-notification stage.</p> <p>Variations in scope of the simplified procedure witnessed in different jurisdictions may reflect competition authorities’ different sensitivities to specific theories of harm. For instance, in France until 2020, a change from joint to sole control exerted by the same undertaking did not render the transaction eligible to a simplified procedure, and has even attracted in-depth investigations and the imposition of substantial remedies (see <i>Decision 13-DCC-90, Casino/Monoprix</i>).</p> <p>Further avenues for simplification, such as exempting certain categories of cases from notification or providing for a self-assessment system combined with voluntary notification (such as exists, for instance, in the United Kingdom), were considered by the Commission in a 2014 White paper and then again in the context of a public consultation in 2017 but have been shelved, at least for the time being, due to somewhat lackluster response (see Commission SWD Evaluation of procedural and jurisdictional aspects of EU Merger control, March 2021). <br class='autobr' /> Finally, the omission to notify a concentration, whether through a Form CO or a Short Form, or failure to provide complete information, entails significant legal consequences. Indeed, the Commission has been keen in recent years to ramp its use of fines for procedural infringements, in keeping with Article 14 of the Merger Regulation. The Altice/PT and Canon/Toshiba decisions thus take issue with the fact that the concerned concentrations were implemented in breach of the standstill clause (Article 7 of the Merger Regulation) as well as, at least in part, before notification. The <i>Facebook/Whatsapp</i> and <i>GE/LM Wind Power Holding</i> fine the notifying parties for providing incorrect information in their notification, respectively 110 and 52 million Euros.</p></div> </div> <div class="definition-section"> <h3 id="part-jurisprudence" class="definition-section-title">Case references</h3> <div class="crayon article-reference-101580 reference"><p><a href="https://www.concurrences.com/en/review/issues/no-2-2020/case-comments/procedural-infringement-the-european-commission-fines-a-notifying-party-52">M.8436 General Electric Company / LM Wind Power Holding (Art. 14.1 proc.)</a></p> <p><a href="https://www.concurrences.com/en/bulletin/news-issues/may-2017/the-eu-commission-fines-a-social-network-company-for-providing-misleading">M.8228 Facebook / Whatsapp (Art. 14.1 proc.)</a></p> <p><a href="https://www.concurrences.com/en/review/issues/no-1-2020/case-comments/procedural-infringements-gun-jumping-imaging-and-optical-products-the-european">M.8179 Canon / Toshiba Medical Systems Corporation (Art. 14.2 proc.)</a></p> <p><a href="https://www.concurrences.com/en/review/issues/no-4-2018/case-comments/gun-jumping-the-european-commission-fines-an-undertaking-for-the-early">M.7993 Altice / PT Portugal (Art. 14.2 proc.)</a></p> <p><a href="https://www.concurrences.com/en/bulletin/news-issues/march-2020/the-eu-court-of-justice-dismisses-the-appeal-by-a-seafood-company-against-the">Judgment of 4 March 2020, Marine Harvest /Commission, in case C-10/18 P</a></p></div> </div> <div class="definition-section"> <h3 id="part-biblio" class="definition-section-title">Bibliography</h3> <div class="crayon article-ps-101580 jurisprudence"><p>Bailly, M., Malamataris, C. Procedural developments in EU merger control. ERA Forum 21, 251–265 (2020)</p> <p><a href="en/review/issues/no-3-2020/legal-practice/surveying-the-surveys-the-drive-for-implementation-of-the-icn-s-recommended" class="spip_in">Dave Anderson, Paul Culliford, "Surveying the surveys – The drive for implementation of the ICN’s recommended practices for merger notification and review procedures", Concurrences N° 3-2020, Art. N° 95408</a></p></div> </div> </div> </div> <aside class="section__aside side-col"> <div class="miniplan miniplan_definition sticky-top" id="definition-index"> <ul class="nav nav-list"> <li><a href="//en/dictionary/form-co#part-apercu" data-target="#part-apercu">Definition</a></li> <li><a href="//en/dictionary/form-co#part-texte" data-target="#part-texte">Commentary</a></li> <li><a href="//en/dictionary/form-co#part-jurisprudence" data-target="#part-jurisprudence">Case references</a></li> <li><a href="//en/dictionary/form-co#part-biblio" data-target="#part-biblio">Bibliography</a></li> </ul> </div> <h2>Author</h2> <div class="auteurs"> <ul class="liste-items liste-items-well"> <li class="item"><div class="entry auteur" itemscope itemtype="http://schema.org/Person"> <strong class="entry-title"> <a href="en/authors/david-viros" itemprop="url"> <span class='logo-img-wrapper spip_logo' style="width:50px;"><span class="img" style="display:block;position:relative;height:0;width:100%;padding-bottom:100%;overflow:hidden;background:url(local/cache-vignettes/L100xH100/auton39785-d0df3.jpg?1711359471) no-repeat center;background-size:100%;"> </span></span> <span itemprop="name" class="nom">David Viros</span></a> </strong> <div class="entry-content"> <span class='organisation' itemprop="worksFor" itemtype="http://schema.org/Organization">European Commission</span> </div> <div class="entry-meta"> <span class="pays">Luxembourg</span> <span class="articles"><em>7</em> contributions</span> <span class="visites"><em>9676</em> visits</span> </div> </div></li> </ul> </div> <div class="well citation"> <h2>Quotation</h2> <article class="entry article article-dictionary hentry"> <span class="authors">David Viros, </span> <span class="entry-title">Form CO</span><span class="rubrique"><span class="sep">, </span> Global Dictionary of Competition Law, Concurrences, Art. N° 12260</span> </article> </div> <div class="well stats"> <p><i class="picto picto-eye"></i> <b>Visits</b> <em class="number">6454</em></p> </div> </aside> </div> </section> <section class="section section_primary section_cols section_author scrollable-anchor"> <div class="section__container"> <div class="section__main"> <h2 class="section__heading" id="institution"> <span>Institution Definition</span> </h2> <div class="section__content"> <div class="crayon article-texte-12260 texte surlignable"><p>Form which companies must use where a planned concentration has a Community dimension within the meaning of the Merger Regulation and therefore has to be notified to the Commission. Form CO explains in detail how notifications of concentrations must be submitted and what information and supporting documentation must be provided to the Commission.</p> <p><strong>©</strong> <a href="http://ec.europa.eu/competition/" class="spip_out" rel="external"><strong>European Commission</strong></a></p></div> </div> </div> <aside class="section__aside side-col"></aside> </div> </section> <div class="index-overlay collapse" id="index"> <span class="arrow-top"></span> <button class="close">×</button> <div class="glossaire-index"> <div class="main"> <div class="index"> <a class="lettre" href="//en/dictionary/form-co#a" data-anchor="#a">a</a> <a class="lettre" href="//en/dictionary/form-co#b" data-anchor="#b">b</a> <a class="lettre" href="//en/dictionary/form-co#c" data-anchor="#c">c</a> <a class="lettre" href="//en/dictionary/form-co#d" data-anchor="#d">d</a> <a class="lettre" href="//en/dictionary/form-co#e" data-anchor="#e">e</a> <a class="lettre" href="//en/dictionary/form-co#f" data-anchor="#f">f</a> <a class="lettre" href="//en/dictionary/form-co#g" data-anchor="#g">g</a> <a class="lettre" href="//en/dictionary/form-co#h" data-anchor="#h">h</a> <a class="lettre" href="//en/dictionary/form-co#i" data-anchor="#i">i</a> <a class="lettre" href="//en/dictionary/form-co#j" data-anchor="#j">j</a> <a class="lettre" href="//en/dictionary/form-co#k" data-anchor="#k">k</a> <a class="lettre" href="//en/dictionary/form-co#l" data-anchor="#l">l</a> <a class="lettre" href="//en/dictionary/form-co#m" data-anchor="#m">m</a> <a class="lettre" href="//en/dictionary/form-co#n" data-anchor="#n">n</a> <a class="lettre" href="//en/dictionary/form-co#o" data-anchor="#o">o</a> <a class="lettre" href="//en/dictionary/form-co#p" data-anchor="#p">p</a> <a class="lettre" href="//en/dictionary/form-co#r" data-anchor="#r">r</a> <a class="lettre" href="//en/dictionary/form-co#s" data-anchor="#s">s</a> <a class="lettre" href="//en/dictionary/form-co#t" data-anchor="#t">t</a> <a class="lettre" href="//en/dictionary/form-co#u" data-anchor="#u">u</a> <a class="lettre" href="//en/dictionary/form-co#v" data-anchor="#v">v</a> <a class="lettre" href="//en/dictionary/form-co#w" data-anchor="#w">w</a> </div> </div> <div class="row entree" id="a"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">a</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/absolute-territorial-protection">Absolute territorial protection </a> <span class="sep">•</span> <a href="en/dictionary/abuse-of-dominant-position-en">Abuse of dominant position</a> <span class="sep">•</span> <a href="en/dictionary/abuse-of-economic-dependence">Abuse of economic dependence</a> <span class="sep">•</span> <a href="en/dictionary/access-to-the-file-en">Access to the file</a> <span class="sep">•</span> <a href="en/dictionary/actual-competitor">Actual competitor </a> <span class="sep">•</span> <a href="en/dictionary/administered-prices">Administered prices</a> <span class="sep">•</span> <a href="en/dictionary/advisory-committee-118302">Advisory committee</a> <span class="sep">•</span> <a href="en/dictionary/agent-en">Agent</a> <span class="sep">•</span> <a href="en/dictionary/agreement-notion-en">Agreement (notion)</a> <span class="sep">•</span> <a href="en/dictionary/ai-collusion-algorithm">AI Collusion (Algorithm)</a> <span class="sep">•</span> <a href="en/dictionary/AKZO-Procedure">AKZO Procedure </a> <span class="sep">•</span> <a href="en/dictionary/amicus-curiae">Amicus curiae</a> <span class="sep">•</span> <a href="en/dictionary/ancillary-restraints">Ancillary restraints </a> <span class="sep">•</span> <a href="en/dictionary/annulment">Annulment</a> <span class="sep">•</span> <a href="en/dictionary/anticompetitive-market-distortions">Anticompetitive Market Distortions</a> <span class="sep">•</span> <a href="en/dictionary/anticompetitive-object-or-effect-en">Anticompetitive object or effect</a> <span class="sep">•</span> <a href="en/dictionary/anticompetitive-practices">Anticompetitive practices</a> <span class="sep">•</span> <a href="en/dictionary/Antitrust">Antitrust</a> <span class="sep">•</span> <a href="en/dictionary/applicable-law">Applicable law</a> <span class="sep">•</span> <a href="en/dictionary/arbitration">Arbitration</a> <span class="sep">•</span> <a href="en/dictionary/article-11-letter">Article 11 letter </a> <span class="sep">•</span> <a href="en/dictionary/artificial-intelligence">Artificial Intelligence </a> <span class="sep">•</span> <a href="en/dictionary/aec-as-efficient-competitor-principle-and-test">As-Efficient Competitor (AEC)</a> </div> </div> </div> <div class="row entree" id="b"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">b</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/barriers-to-entry-en">Barriers to entry</a> <span class="sep">•</span> <a href="en/dictionary/bertrand-nash-equilibrium">Bertrand (Nash) equilibrium</a> <span class="sep">•</span> <a href="en/dictionary/bid-rigging">Bid rigging</a> <span class="sep">•</span> <a href="en/dictionary/block-exemption-regulation">Block exemption (Regulation) </a> <span class="sep">•</span> <a href="en/dictionary/boycott">Boycott</a> <span class="sep">•</span> <a href="en/dictionary/brand-competition-en">Brand competition</a> <span class="sep">•</span> <a href="en/dictionary/bundling">Bundling</a> <span class="sep">•</span> <a href="en/dictionary/burden-of-proof">Burden of proof</a> <span class="sep">•</span> <a href="en/dictionary/buyer-power">Buyer power </a> </div> </div> </div> <div class="row entree" id="c"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">c</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/cartel">Cartel </a> <span class="sep">•</span> <a href="en/dictionary/clearance-phase-ii-merger">Clearance phase II (merger)</a> <span class="sep">•</span> <a href="en/dictionary/collecting-society">Collecting society </a> <span class="sep">•</span> <a href="en/dictionary/collective-dominance">Collective dominance</a> <span class="sep">•</span> <a href="en/dictionary/collective-redress-class-action">Collective redress (class action)</a> <span class="sep">•</span> <a href="en/dictionary/comity">Comity </a> <span class="sep">•</span> <a href="en/dictionary/commission-communication">Commission communication</a> <span class="sep">•</span> <a href="en/dictionary/competence">Competence </a> <span class="sep">•</span> <a href="en/dictionary/competition-policy-89181">Competition policy</a> <span class="sep">•</span> <a href="en/dictionary/complaint">Complaint </a> <span class="sep">•</span> <a href="en/dictionary/Compliance-programme">Compliance programme </a> <span class="sep">•</span> <a href="en/dictionary/compulsory-license">Compulsory license</a> <span class="sep">•</span> <a href="en/dictionary/concentration-indexes-en">Concentration indexes</a> <span class="sep">•</span> <a href="en/dictionary/concerted-practices-en">Concerted practices</a> <span class="sep">•</span> <a href="en/dictionary/concession-86056">Concession</a> <span class="sep">•</span> <a href="en/dictionary/concurrent-jurisdiction">Concurrent jurisdiction</a> <span class="sep">•</span> <a href="en/dictionary/Consortium-12192">Consortium </a> <span class="sep">•</span> <a href="en/dictionary/consumer-protection">Consumer protection</a> <span class="sep">•</span> <a href="en/dictionary/consumers-associations-en">Consumers’ associations</a> <span class="sep">•</span> <a href="en/dictionary/control-change">Control (change)</a> <span class="sep">•</span> <a href="en/dictionary/control-notion">Control (notion)</a> <span class="sep">•</span> <a href="en/dictionary/cooperation-between-competition-authorities-en">Cooperation between competition authorities</a> <span class="sep">•</span> <a href="en/dictionary/coordinated-effects">Coordinated effects</a> <span class="sep">•</span> <a href="en/dictionary/copyright">Copyright</a> <span class="sep">•</span> <a href="en/dictionary/corruption">Corruption</a> <span class="sep">•</span> <a href="en/dictionary/cost-based-access">Cost-based access</a> <span class="sep">•</span> <a href="en/dictionary/cournot-nash-equilibrium">Cournot (Nash) equilibrium</a> <span class="sep">•</span> <a href="en/dictionary/criminal-sanctions">Criminal sanctions</a> <span class="sep">•</span> <a href="en/dictionary/cross-subsidisation">Cross subsidisation </a> </div> </div> </div> <div class="row entree" id="d"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">d</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/damages">Damages</a> <span class="sep">•</span> <a href="en/dictionary/de-minimis-notice">De minimis notice</a> <span class="sep">•</span> <a href="en/dictionary/digital-markets-act">Digital Markets Act</a> <span class="sep">•</span> <a href="en/dictionary/direct-effect">Direct effect</a> <span class="sep">•</span> <a href="en/dictionary/discriminatory-practices">Discriminatory practices</a> <span class="sep">•</span> <a href="en/dictionary/distribution-agreement">Distribution agreement</a> <span class="sep">•</span> <a href="en/dictionary/divestiture">Divestiture</a> <span class="sep">•</span> <a href="en/dictionary/dominance-notion">Dominance (notion)</a> <span class="sep">•</span> <a href="en/dictionary/downstream-market-117440">Downstream market</a> </div> </div> </div> <div class="row entree" id="e"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">e</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/echr">ECHR</a> <span class="sep">•</span> <a href="en/dictionary/economic-analysis">Economic analysis</a> <span class="sep">•</span> <a href="en/dictionary/economic-efficiency">Economic efficiency</a> <span class="sep">•</span> <a href="en/dictionary/economies-of-scale">Economies of scale </a> <span class="sep">•</span> <a href="en/dictionary/ecosystem-failures">Ecosystem Failures</a> <span class="sep">•</span> <a href="en/dictionary/effect-on-trade-between-member-states">Effect on trade between Member States</a> <span class="sep">•</span> <a href="en/dictionary/effective-judicial-protection">Effective judicial protection</a> <span class="sep">•</span> <a href="en/dictionary/effects-doctrine-118100">Effects doctrine</a> <span class="sep">•</span> <a href="en/dictionary/efta-surveillance-authority-esa-court">EFTA Surveillance Authority (ESA) & Court </a> <span class="sep">•</span> <a href="en/dictionary/environmental-protection-en">Environmental protection</a> <span class="sep">•</span> <a href="en/dictionary/error-costs-108946">Error costs</a> <span class="sep">•</span> <a href="en/dictionary/essential-facility">Essential facility</a> <span class="sep">•</span> <a href="en/dictionary/european-competition-network-ecn-en">European Competition Network (ECN)</a> <span class="sep">•</span> <a href="en/dictionary/excessive-prices-en">Excessive prices</a> <span class="sep">•</span> <a href="en/dictionary/exchange-of-information">Exchanges of information</a> <span class="sep">•</span> <a href="en/dictionary/exclusionary-practice">Exclusionary practice </a> <span class="sep">•</span> <a href="en/dictionary/Exclusive-distribution-12218">Exclusive distribution </a> <span class="sep">•</span> <a href="en/dictionary/exclusive-purchasing-en">Exclusive purchasing agreement</a> <span class="sep">•</span> <a href="en/dictionary/exclusive-right-art-106-tfeu">Exclusive right (Art. 106 TFEU)</a> <span class="sep">•</span> <a href="en/dictionary/exclusivity-clause">Exclusivity clause</a> <span class="sep">•</span> <a href="en/dictionary/Exhaustion">Exhaustion </a> <span class="sep">•</span> <a href="en/dictionary/Extra-territoriality">Extra-territoriality</a> </div> </div> </div> <div class="row entree" id="f"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">f</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/Failing-firm-defence">Failing firm defence</a> <span class="sep">•</span> <a href="en/dictionary/fidelity-rebates">Fidelity rebates</a> <span class="sep">•</span> <a href="en/dictionary/Fine">Fine</a> <span class="sep">•</span> <a href="en/dictionary/fintech">Fintech</a> <span class="sep">•</span> <a href="en/dictionary/foreclosure-117887">Foreclosure</a> <span class="sep">•</span> <a href="en/dictionary/foreign-direct-investment-fdi">Foreign direct investment (FDI)</a> <span class="sep">•</span> <a href="en/dictionary/foreign-subsidies">Foreign Subsidies</a> <span class="sep">•</span> <a href="en/dictionary/form-co">Form CO (EU) </a> <span class="sep">•</span> <a href="en/dictionary/frand">FRAND</a> <span class="sep">•</span> <a href="en/dictionary/Free-riding">Free riding </a> </div> </div> </div> <div class="row entree" id="g"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">g</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/geographic-market">Geographic market</a> <span class="sep">•</span> <a href="en/dictionary/corporate-group">Group of undertakings</a> <span class="sep">•</span> <a href="en/dictionary/group-purchasing-organization">Group purchasing organization</a> <span class="sep">•</span> <a href="en/dictionary/guidelines-119080">Guidelines</a> <span class="sep">•</span> <a href="en/dictionary/gun-jumping">Gun jumping</a> </div> </div> </div> <div class="row entree" id="h"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">h</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/hard-core-restrictions">Hard core restrictions</a> <span class="sep">•</span> <a href="en/dictionary/Hearing-officer">Hearing officer </a> <span class="sep">•</span> <a href="en/dictionary/horizontal-agreement">Horizontal cooperation agreement</a> <span class="sep">•</span> <a href="en/dictionary/hsr-filing-us-108854">HSR Filing (US)</a> </div> </div> </div> <div class="row entree" id="i"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">i</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/independence-and-impartiality">Independence and impartiality</a> <span class="sep">•</span> <a href="en/dictionary/individual-exemption-86377">Individual exemption</a> <span class="sep">•</span> <a href="en/dictionary/industrial-policy">Industrial policy</a> <span class="sep">•</span> <a href="en/dictionary/intellectual-property-right-en">Intellectual property right</a> <span class="sep">•</span> <a href="en/dictionary/inter-brand-competition">Inter-brand competition </a> <span class="sep">•</span> <a href="en/dictionary/Interim-measures">Interim measures </a> <span class="sep">•</span> <a href="en/dictionary/international-co-operation">International co-operation </a> <span class="sep">•</span> <a href="en/dictionary/international-competition-network-icn">International competition network (ICN) </a> <span class="sep">•</span> <a href="en/dictionary/investigations-inquiries-en">Investigations / inquiries</a> </div> </div> </div> <div class="row entree" id="j"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">j</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/judicial-review">Judicial review</a> </div> </div> </div> <div class="row entree" id="k"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">k</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/Know-how">Know-how </a> </div> </div> </div> <div class="row entree" id="l"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">l</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/legal-privilege">Legal privilege</a> <span class="sep">•</span> <a href="en/dictionary/Leniency-programme">Leniency</a> <span class="sep">•</span> <a href="en/dictionary/lerner-index">Lerner index</a> <span class="sep">•</span> <a href="en/dictionary/letter-of-formal-notice-118055">Letter of formal notice </a> <span class="sep">•</span> <a href="en/dictionary/licensing">Licensing</a> <span class="sep">•</span> <a href="en/dictionary/limitation-period-119083">Limitation Period </a> </div> </div> </div> <div class="row entree" id="m"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">m</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/margin-squeeze">Margin squeeze</a> <span class="sep">•</span> <a href="en/dictionary/marginal-costs">Marginal costs </a> <span class="sep">•</span> <a href="en/dictionary/market-economy-investor">Market economy investor</a> <span class="sep">•</span> <a href="en/dictionary/market-power">Market power</a> <span class="sep">•</span> <a href="en/dictionary/market-share">Market share </a> <span class="sep">•</span> <a href="en/dictionary/media-pluralism">Media pluralism</a> <span class="sep">•</span> <a href="en/dictionary/merger-notion-12318-en">Merger (notion)</a> <span class="sep">•</span> <a href="en/dictionary/merger-prohibition">Merger (prohibition)</a> <span class="sep">•</span> <a href="en/dictionary/merger-withdrawal-118046">Merger (withdrawal)</a> <span class="sep">•</span> <a href="en/dictionary/Merger-control-procedure">Merger control procedure </a> <span class="sep">•</span> <a href="en/dictionary/merger-remedies-100323">Merger remedies</a> <span class="sep">•</span> <a href="en/dictionary/minority-shareholdings-89176">Minority shareholdings</a> <span class="sep">•</span> <a href="en/dictionary/misinformation">Misinformation</a> <span class="sep">•</span> <a href="en/dictionary/mobility-barriers-117741">Mobility Barriers</a> <span class="sep">•</span> <a href="en/dictionary/Monopoly">Monopoly </a> </div> </div> </div> <div class="row entree" id="n"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">n</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/ne-bis-in-idem-86490">Ne bis in idem</a> <span class="sep">•</span> <a href="en/dictionary/negative-clearance-118047">Negative clearance</a> <span class="sep">•</span> <a href="en/dictionary/Network-effect">Network effect </a> <span class="sep">•</span> <a href="en/dictionary/non-compete-obligation-12156-en">Non-compete obligation </a> <span class="sep">•</span> <a href="en/dictionary/non-horizontal-mergers">Non-Horizontal Mergers </a> <span class="sep">•</span> <a href="en/dictionary/notification-12310">Notification</a> <span class="sep">•</span> <a href="en/dictionary/nullity">Nullity </a> </div> </div> </div> <div class="row entree" id="o"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">o</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/oligopoly">Oligopoly </a> <span class="sep">•</span> <a href="en/dictionary/online-platforms">Online Platforms</a> </div> </div> </div> <div class="row entree" id="p"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">p</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/parallel-imports-parallel-trade-en">Parallel imports (parallel trade)</a> <span class="sep">•</span> <a href="en/dictionary/passing-on-en">Passing-on</a> <span class="sep">•</span> <a href="en/dictionary/Passive-sales">Passive sales </a> <span class="sep">•</span> <a href="en/dictionary/patents">Patents</a> <span class="sep">•</span> <a href="en/dictionary/pay-for-delay">Pay-for-delay</a> <span class="sep">•</span> <a href="en/dictionary/periodic-penalty-payment">Periodic penalty payment</a> <span class="sep">•</span> <a href="en/dictionary/potential-competition">Potential competition </a> <span class="sep">•</span> <a href="en/dictionary/predatory-pricing">Predatory pricing</a> <span class="sep">•</span> <a href="en/dictionary/preliminary-rulings-art-267-tfue">Preliminary ruling (Art. 267 TFUE) </a> <span class="sep">•</span> <a href="en/dictionary/price-discrimination-en">Price discrimination </a> <span class="sep">•</span> <a href="en/dictionary/price-leadership">Price leadership</a> <span class="sep">•</span> <a href="en/dictionary/price-signaling">Price signalling</a> <span class="sep">•</span> <a href="en/dictionary/price-fixing-agreement">Price-fixing agreement</a> <span class="sep">•</span> <a href="en/dictionary/prices-en">Prices</a> <span class="sep">•</span> <a href="en/dictionary/principle-of-equal-treatment">Principle of equal treatment</a> <span class="sep">•</span> <a href="en/dictionary/principle-of-equivalence">Principle of equivalence</a> <span class="sep">•</span> <a href="en/dictionary/principle-of-proportionality">Principle of proportionality</a> <span class="sep">•</span> <a href="en/dictionary/privacy-and-data-protection">Privacy and data protection</a> <span class="sep">•</span> <a href="en/dictionary/private-enforcement">Private enforcement</a> <span class="sep">•</span> <a href="en/dictionary/privatization-en">Privatization</a> <span class="sep">•</span> <a href="en/dictionary/procedural-autonomy">Procedural autonomy</a> <span class="sep">•</span> <a href="en/dictionary/professional-association-86373-en">Professional association</a> <span class="sep">•</span> <a href="en/dictionary/public-procurement">Public procurement</a> <span class="sep">•</span> <a href="en/dictionary/Public-undertaking">Public undertaking</a> </div> </div> </div> <div class="row entree" id="r"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">r</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/r-d-agreement">R&D agreement</a> <span class="sep">•</span> <a href="en/dictionary/case-referral-system-mergers">Referral (merger)</a> <span class="sep">•</span> <a href="en/dictionary/refusal-to-deal">Refusal to deal</a> <span class="sep">•</span> <a href="en/dictionary/the-registry-of-the-general-court-of-the-european-union">Registry of the General Court of the European Union</a> <span class="sep">•</span> <a href="en/dictionary/Relevant-market">Relevant market</a> <span class="sep">•</span> <a href="en/dictionary/remedies-antitrust-en">Remedies (antitrust)</a> <span class="sep">•</span> <a href="en/dictionary/request-for-information">Request for information</a> <span class="sep">•</span> <a href="en/dictionary/resale-below-cost-en">Resale below cost </a> <span class="sep">•</span> <a href="en/dictionary/resale-price-maintenance-rpm">Resale price maintenance (RPM)</a> <span class="sep">•</span> <a href="en/dictionary/restriction-on-exportation">Restriction on exportation </a> <span class="sep">•</span> <a href="en/dictionary/rule-of-reason">Rule of reason</a> </div> </div> </div> <div class="row entree" id="s"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">s</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/sunk-costs-117836"> Sunk Costs </a> <span class="sep">•</span> <a href="en/dictionary/sector-inquiry">Sector inquiry</a> <span class="sep">•</span> <a href="en/dictionary/selective-distribution">Selective distribution </a> <span class="sep">•</span> <a href="en/dictionary/self-preference-111802">Self-Preference</a> <span class="sep">•</span> <a href="en/dictionary/Services-of-general-economic">Services of general economic interest </a> <span class="sep">•</span> <a href="en/dictionary/Single-branding">Single branding </a> <span class="sep">•</span> <a href="en/dictionary/sole-control">Sole control</a> <span class="sep">•</span> <a href="en/dictionary/specialization-agreements">Specialization agreements </a> <span class="sep">•</span> <a href="en/dictionary/Spill-over-effects">Spill-over effects </a> <span class="sep">•</span> <a href="en/dictionary/standard-essential-patent-sep">Standard-Essential Patent (SEP)</a> <span class="sep">•</span> <a href="en/dictionary/state-action-defense">State action defence</a> <span class="sep">•</span> <a href="en/dictionary/state-aid-compatibility">State aid (compatibility)</a> <span class="sep">•</span> <a href="en/dictionary/state-aid-existing-aid">State aid (existing aid) </a> <span class="sep">•</span> <a href="en/dictionary/state-aid-notification-en">State aid (notification)</a> <span class="sep">•</span> <a href="en/dictionary/state-aid">State aid (notion)</a> <span class="sep">•</span> <a href="en/dictionary/state-aid-recovery">State aid (recovery) </a> <span class="sep">•</span> <a href="en/dictionary/state-aid-unlawful-aid">State aid (unlawful aid) </a> <span class="sep">•</span> <a href="en/dictionary/State-measure">State measure </a> <span class="sep">•</span> <a href="en/dictionary/Statement-of-objections-SO">Statement of objections (SO) </a> <span class="sep">•</span> <a href="en/dictionary/Substitutability">Substitutability </a> <span class="sep">•</span> <a href="en/dictionary/sustainability">Sustainability</a> <span class="sep">•</span> <a href="en/dictionary/switching-costs">Switching Costs</a> </div> </div> </div> <div class="row entree" id="t"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">t</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/technology-transfer">Technology transfer</a> <span class="sep">•</span> <a href="en/dictionary/test-siec-merger-en">Test SIEC (merger)</a> <span class="sep">•</span> <a href="en/dictionary/merger-slc-src-sdc-tests">Test SLC (merger)</a> <span class="sep">•</span> <a href="en/dictionary/tipping">Tipping</a> <span class="sep">•</span> <a href="en/dictionary/business-secrets">Trade Secrets</a> <span class="sep">•</span> <a href="en/dictionary/trademark">Trademark</a> <span class="sep">•</span> <a href="en/dictionary/trustee-mergers-en">Trustee (mergers)</a> <span class="sep">•</span> <a href="en/dictionary/turnover-threshold-merger">Turnover threshold (merger)</a> <span class="sep">•</span> <a href="en/dictionary/two-sided-market">Two-sided market</a> </div> </div> </div> <div class="row entree" id="u"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">u</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/undertaking-notion">Undertaking (notion)</a> <span class="sep">•</span> <a href="en/dictionary/unfair-competition">Unfair competition</a> <span class="sep">•</span> <a href="en/dictionary/universal-service-118054">Universal Service</a> <span class="sep">•</span> <a href="en/dictionary/upstream-market">Upstream market </a> </div> </div> </div> <div class="row entree" id="v"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">v</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/variable-costs">Variable costs </a> <span class="sep">•</span> <a href="en/dictionary/Vertical-agreement">Vertical agreement</a> <span class="sep">•</span> <a href="en/dictionary/vertical-restraints-or-restrictions">Vertical restraints (or restrictions)</a> </div> </div> </div> <div class="row entree" id="w"> <div class="col-xs-2 col-sm-1"> <h2 class="lettre">w</h2> </div> <div class="col-xs-10 col-sm-11"> <div class="articles"> <a href="en/dictionary/White-clause">White clause</a> <span class="sep">•</span> <a href="en/dictionary/withdrawal-of-the-benefit-of-a-block-exemption">Withdrawal (of the benefit of a block exemption)</a> </div> </div> </div> </div> </div> </article> <script type="text/javascript"> jQuery(function(){ // hack on appelle 1 scrollspy sur body et 1 sur window pour pas les melanger jQuery(window).scrollspy({ target: '#menu-definition', offset: 130 }); jQuery('body').scrollspy({ target: '#definition-index', 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media="(-webkit-min-device-pixel-ratio: 1.5), (min-resolution: 1.5dppx)" srcset="local/adapt-img/320/15x/IMG/png/home-7.png@.webp?1732277529 480w, local/adapt-img/640/15x/IMG/png/home-7.png@.webp?1732266627 960w, local/adapt-img/960/15x/IMG/png/home-7.png@.webp?1732270976 1440w, local/adapt-img/1440/15x/IMG/png/home-7.png@.webp?1732266622 2160w, local/adapt-img/3000/15x/IMG/png/home-7.png@.webp?1732268300 4500w" sizes="(min-width: 3000px) 3000px, 100vw" type="image/webp"><source media="(-webkit-min-device-pixel-ratio: 1.5), (min-resolution: 1.5dppx)" srcset="local/adapt-img/320/15x/IMG/png/home-7.png?1732277558 480w, local/adapt-img/640/15x/IMG/png/home-7.png?1732277174 960w, local/adapt-img/960/15x/IMG/png/home-7.png?1732277555 1440w, local/adapt-img/1440/15x/IMG/png/home-7.png?1732272968 2160w, local/adapt-img/3000/15x/IMG/png/home-7.png?1732274035 4500w" sizes="(min-width: 3000px) 3000px, 100vw" type="image/png"><source media="(-webkit-min-device-pixel-ratio: 1), (min-resolution: 1dppx)" srcset="local/adapt-img/320/10x/IMG/png/home-7.png@.webp?1732269721 320w, local/adapt-img/640/10x/IMG/png/home-7.png@.webp?1732270930 640w, local/adapt-img/960/10x/IMG/png/home-7.png@.webp?1732266627 960w, local/adapt-img/1440/10x/IMG/png/home-7.png@.webp?1732266747 1440w, local/adapt-img/3000/10x/IMG/png/home-7.png@.webp?1732266189 3000w" sizes="(min-width: 3000px) 3000px, 100vw" type="image/webp"><!--[if IE 9]></video><![endif]--> <img src='local/adapt-img/3000/10x/IMG/png/home-7.png?1732266629' alt='Présentation Filigranes Les 5 Travaux d'Europe' width='3000' height='160' class='adapt-img' srcset='local/adapt-img/320/10x/IMG/png/home-7.png?1732272327 320w, local/adapt-img/640/10x/IMG/png/home-7.png?1732266627 640w, local/adapt-img/960/10x/IMG/png/home-7.png?1732274538 960w, local/adapt-img/1440/10x/IMG/png/home-7.png?1732269360 1440w, local/adapt-img/3000/10x/IMG/png/home-7.png?1732266629 3000w' sizes='(min-width: 3000px) 3000px, 100vw' /></picture></a> </div> <div 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media="(-webkit-min-device-pixel-ratio: 1.5), (min-resolution: 1.5dppx)" srcset="local/adapt-img/320/15x/IMG/png/home-7.png@.webp?1732277529 480w, local/adapt-img/640/15x/IMG/png/home-7.png@.webp?1732266627 960w, local/adapt-img/960/15x/IMG/png/home-7.png@.webp?1732270976 1440w, local/adapt-img/1440/15x/IMG/png/home-7.png@.webp?1732266622 2160w, local/adapt-img/3000/15x/IMG/png/home-7.png@.webp?1732268300 4500w" sizes="(min-width: 3000px) 3000px, 100vw" type="image/webp"><source media="(-webkit-min-device-pixel-ratio: 1.5), (min-resolution: 1.5dppx)" srcset="local/adapt-img/320/15x/IMG/png/home-7.png?1732277558 480w, local/adapt-img/640/15x/IMG/png/home-7.png?1732277174 960w, local/adapt-img/960/15x/IMG/png/home-7.png?1732277555 1440w, local/adapt-img/1440/15x/IMG/png/home-7.png?1732272968 2160w, local/adapt-img/3000/15x/IMG/png/home-7.png?1732274035 4500w" sizes="(min-width: 3000px) 3000px, 100vw" type="image/png"><source media="(-webkit-min-device-pixel-ratio: 1), (min-resolution: 1dppx)" srcset="local/adapt-img/320/10x/IMG/png/home-7.png@.webp?1732269721 320w, local/adapt-img/640/10x/IMG/png/home-7.png@.webp?1732270930 640w, local/adapt-img/960/10x/IMG/png/home-7.png@.webp?1732266627 960w, local/adapt-img/1440/10x/IMG/png/home-7.png@.webp?1732266747 1440w, local/adapt-img/3000/10x/IMG/png/home-7.png@.webp?1732266189 3000w" sizes="(min-width: 3000px) 3000px, 100vw" type="image/webp"><!--[if IE 9]></video><![endif]--> <img src='local/adapt-img/3000/10x/IMG/png/home-7.png?1732266629' alt='Présentation Filigranes Les 5 Travaux d'Europe' width='3000' height='160' class='adapt-img' srcset='local/adapt-img/320/10x/IMG/png/home-7.png?1732272327 320w, local/adapt-img/640/10x/IMG/png/home-7.png?1732266627 640w, local/adapt-img/960/10x/IMG/png/home-7.png?1732274538 960w, local/adapt-img/1440/10x/IMG/png/home-7.png?1732269360 1440w, local/adapt-img/3000/10x/IMG/png/home-7.png?1732266629 3000w' sizes='(min-width: 3000px) 3000px, 100vw' /></picture></a> </div> <div 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