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Acquisitions Failure to Notify

King & Spalding

Moroccan Competition Authority Imposes Its First Gun Jumping Fine

King & Spalding on

On 28 April 2022, the Moroccan Competition Authority (“MCA”) imposed its first ever fine for failure to notify, i.e., gun jumping. The fine was imposed on a Swiss company, Sika AG, in the context of its acquisition of a...more

White & Case LLP

Gun-jumping – The French Competition Authority fines COFEPP for failure to notify and completing the transaction before clearance

White & Case LLP on

The French Competition Authority ("FCA") fines a company for gun-jumping in a case relating to a progressive takeover and de facto control - On 12 April 2022, the FCA fined the Compagnie Financière Européenne de Prises de...more

McDermott Will & Emery

Mexican Competition Authority Sanctions BorgWarner and REMY Holdings for Gun Jumping

McDermott Will & Emery on

On January 31, the Board of the Mexican Competition Authority—the Federal Economic Competition Commission (COFECE)—approved REMY Holdings International’s acquisition of BorgWarner’s vehicle aftermarket business. However, the...more

Skadden, Arps, Slate, Meagher & Flom LLP

"MOFCOM Cracking Down on Failures to Notify Qualifying Mergers, Acquisitions and Joint Ventures"

China’s Anti-Monopoly Law requires businesses to notify transactions to the Ministry of Commerce (MOFCOM) for merger control review, so long as the parties meet certain revenue thresholds and the transaction involves a change...more

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