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dc.contributor.author
Tsiftsis, Angelos
en
dc.date.accessioned
2015-06-29T15:07:27Z
dc.date.available
2015-09-27T05:57:56Z
dc.date.issued
2015-06-29
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/565
dc.rights
Default License
dc.title
Analysis of merger control and competition issues under the Regulation 139/2004
en
heal.type
masterThesis
heal.language
en
heal.access
free
el
heal.license
http://creativecommons.org/licenses/by-nc/4.0
heal.recordProvider
School of Economics, Business Administration and Legal Studies, LLM in Transnational and European Commercial Law, Mediation, Arbitration and Energy Law
heal.publicationDate
2015-02
heal.bibliographicCitation
Tsiftsis Angelos, 2015, Analysis of merger control and competition issues under the Regulation 139/2004, Master's Dissertation, International Hellenic University
en
heal.abstract
One of the cornerstones of competition law in EU is the merger control. Mergers can
have a significant impact in the companies, the employees, the consumers and the economy of
a Member State or the entire EU depending on its magnitude. Once they can promote the
development and the economic growth of a society, they can also become a threat for the
economy, harm the interests of the consumers and distort the competition. Since they are a
substantial part of competition policy in Europe, the EU had to regulate the merger procedure
and create a harmonised legislation in order to provide legal certainty and equal chances in the
field of mergers and acquisitions on EU. In the first place I present the evolution of merger
legislation from the application of Articles 101 and 102 TFEU, the necessity of the adoption of
the first Merger Regulation 4064/89 and its replacement by the Regulation 139/2004, mainly,
because of the “gap” which was created in the assessment of the mergers when the decisions
were based on the “dominance test” of 4064/89. Furthermore, I try to analyse the main
characteristics of the dominance test of 4064/89 and the SIEC test of 139/2004. It is true that
the new substantive test provides a higher level of legal certainty and applies an effect‐base
approach which gives the Commission the opportunity to examine the mergers with much
more clarity and completeness. My thesis focuses on the analysis of the SIEC test and the
important new criterion of the efficiencies in the assessment of the mergers and acquisition in
EU. Moreover, the abovementioned topics are analysed from the view of the case law and I try
to present the most characteristic cases which were related to the analysed issues for the best
understanding of the merger control. In the final session, it is presented the proposition for the
amendment of the Regulation 139/2004 under the Commission’s White Paper “Towards more
effective merger control”. Finally, I close my dissertation with the conclusions inferred by the
analysis.
en
heal.tableOfContents
Abstract ..................................................................................................................................... iii
Acknowledgements ................................................................................................................... iv
1. Introduction ........................................................................................................................... 6
2. Merger Regulation and Competition ..................................................................................... 8
2.1 Articles 101 and 102 TFEU and the need for a Regulation .............................................. 8
2.2 EC Merger Regulation 4064/89 ....................................................................................... 9
3. The Dominance Substantive Test ........................................................................................ 10
3.1 The “Dominance substantive test” in 4064/89 ............................................................. 10
3.2 “The gap” ....................................................................................................................... 12
3.3“Gap cases” ................................................................................................................ 13
4. The SIEC test in EC Merger Regulation 139/2004 ............................................................... 14
4.1 The notion of “concentration” ...................................................................................... 15
4.2 Horizontal mergers: anti‐competitive effects covered by the SIEC test ....................... 17
4.3 Non‐horizontal mergers: anti‐competitive effects covered by the SIEC test ................ 18
5. Efficiencies in EUMR ............................................................................................................ 20
5.1 Types of efficiencies ...................................................................................................... 21
5.2 Efficiency claims ............................................................................................................ 23
5.3 Case Law ........................................................................................................................ 25
6. The White Paper in merger control ..................................................................................... 28
6.1 “Towards more effective merger control” .................................................................... 28
6.2 The objections in Commission’s proposition ................................................................. 30
7. Conclusions .......................................................................................................................... 31
Bibliography – References ....................................................................................................... 34
en
heal.advisorName
Papadopoulos, Thomas
en
heal.committeeMemberName
Papadopoulos, Thomas
en
heal.committeeMemberName
Eleutheriadis, Nikolaos
en
heal.committeeMemberName
Trouli, Emmanouela
en
heal.academicPublisher
School of Economic and Business Administration,LL.M in Transnational and European Commercial Law and Alternative Dispute resolutions
en
heal.academicPublisherID
ihu
heal.numberOfPages
36
heal.fullTextAvailability
false
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