CROATIA Law and Practice Contributed by: Mirna Mišetić Mišetić & Partners
Austria
Hungary
Croatia Zagreb
Slovenia
Bosnia & Herzegovina
Italy
Contents 1. Legislation and Enforcing Authorities p.131 1.1 Merger Control Legislation p.131 1.2 Legislation Relating to Particular Sectors p.131 1.3 Enforcement Authorities p.132
4. Substance of the Review p.137 4.1 Substantive Test p.137 4.2 Markets Affected by a Transaction p.137
4.3 Reliance on Case Law p.137 4.4 Competition Concerns p.137 4.5 Economic Efficiencies p.138 4.6 Non-Competition Issues p.138
2. Jurisdiction p.132 2.1 Notification p.132 2.2 Failure to Notify p.132
4.7 Special Consideration for Joint Ventures p.138 5. Decision: Prohibitions and Remedies p.139 5.1 Authorities’ Ability to Prohibit or Interfere With Transactions p.139 5.2 Parties’ Ability to Negotiate Remedies p.139 5.3 Legal Standard p.139 5.4 Negotiating Remedies With Authorities p.139 5.5 Conditions and Timing for Divestitures p.139 5.6 Issuance of Decisions p.139 5.7 Prohibitions and Remedies for Foreign-to-Foreign Transactions p.140 6. Ancillary Restraints and Related Transactions p.140 6.1 Clearance Decisions and Separate Notifications p.140 7. Third-Party Rights, Confidentiality and Cross- Border Co-Operation p.140 7.1 Third-Party Rights p.140 7.2 Contacting Third Parties p.140 7.3 Confidentiality p.141 7.4 Co-Operation With Other Jurisdictions p.141 8. Appeals and Judicial Review p.141 8.1 Access to Appeal and Judicial Review p.141 8.2 Typical Timeline for Appeals p.141 8.3 Ability of Third Parties to Appeal Clearance Decisions p.141 9. Foreign Direct Investment/Subsidies Review p.141 9.1 Legislation and Filing Requirements p.141
2.3 Types of Transactions p.132 2.4 Definition of “Control” p.133 2.5 Jurisdictional Thresholds p.133
2.6 Calculations of Jurisdictional Thresholds p.133 2.7 Businesses/Corporate Entities Relevant for the Calculation of Jurisdictional Thresholds p.133 2.8 Foreign-to-Foreign Transactions p.134 2.9 Market Share Jurisdictional Threshold p.134 2.10 Joint Ventures p.134 2.11 Power of Authorities to Investigate a Transaction p.134 2.12 Requirement for Clearance Before Implementation p.134 2.13 Penalties for the Implementation of a Transaction Before Clearance p.134 2.14 Exceptions to Suspensive Effect p.134 2.15 Circumstances Where Implementation Before Clearance Is Permitted p.135 3. Procedure: Notification to Clearance p.135 3.1 Deadlines for Notification p.135 3.2 Type of Agreement Required Prior to Notification p.135 3.3 Filing Fees p.135 3.4 Parties Responsible for Filing p.135 3.5 Information Included in a Filing p.135 3.6 Penalties/Consequences of Incomplete or Inaccurate Notification p.136 3.7 Review Process p.136 3.8 Pre-Notification Discussions With Authorities p.136 3.9 Requests for Information During the Review Process p.136 3.10 Accelerated Procedure p.137
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