SWEDEN Law and Practice Contributed by: Marcus Glader, Sebastian Örndahl, Noelia Martinez and Dagne Sabockis, Vinge
Filing can also be made on a good-faith intention to reach an agreement. The parties must be able to demonstrate that the transaction is likely to occur and that they are actively working towards finalising the deal. Once a transaction is formally notified, the fact of the transaction will be made public on the SCA’s website. 3.3 Filing Fees There are no filing fees. 3.4 Parties Responsible for Filing For acquisitions, the acquiring party is respon - sible for providing all the necessary information and submitting the notification. For mergers or joint ventures, the responsibility for filing is shared between the parties involved. Both parties need to collaborate to ensure that the notification is complete and accurate. 3.5 Information Included in a Filing In general terms, the notification form to be sub - mitted to the SCA includes information about the parties involved, the transaction details, the ownership structure, the relevant markets, mar - ket shares and the effects of the transaction on competition. The SCA has published a template that should be submitted for every notification. The template identifies the required information. In May 2025, the SCA published revised Merger Control Guidance including instructions on how to complete the template and adding clarity on the procedure and standards for merger notifi - cations. Every notification should include the transac - tion document and a copy of the annual finan - cial statements of the parties. Depending on the complexity of the case, internal documents (such as board presentations) and supporting documents (such as market studies) may have
to be provided. Internal documents are formally required in all cases giving rise to horizontal overlaps or vertical relationships. The SCA does not require a power of attorney. The notification must be submitted in Swed - ish. The documents attached to the notification, such as the transaction documents and financial statements can be submitted in English. There are no other specific requirements for the submission of documents. The SCA does not, for example, generally require certifications, notarisations or apostilles. 3.6 Penalties/Consequences of Incomplete Notification If the notification is deemed incomplete, the SCA will not start the clock until all the required information is provided by the parties. The SCA also has the authority to stop the clock during the investigation if the parties have provided incomplete information. There are no monetary penalties. 3.7 Penalties/Consequences of Inaccurate or Misleading Information If the notification contains incorrect or mislead - ing information, the SCA can stop the clock and/ or require that the parties provide correct infor - mation under the penalty of a fine. The review period starts to run again when the correct infor - mation has been provided. 3.8 Review Process The formal phases of the review process are two: • Phase I review – The SCA conducts the initial assessment of the merger notification. It examines whether the merger raises any competition concerns that warrant further investigation. The deadline for a decision in
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