Mergers, acquisitions, joint ventures, and certain other transactions may be subject to a pre- notification obligation to the President of UOKiK, other national competition authorities or the European Commission.
Companies planning to merge, make acquisitions or create joint ventures should take their notification obligations into account from the very outset of a transaction. This will help them to submit a notification as early as possible and avoid a lengthy time of waiting for UOKiK’s consent. There are severe sanctions for executing a concentration that was notified or that should have been notified without the approval of the President of UOKiK (fines of up to 10% of annual turnover) and for providing inaccurate information in a notification (fines of up to the equivalent of EUR 50 million).
The Firm prepares notifications to UOKiK and, if necessary, to the European Commission, of proposed concentrations that meets the jurisdictional and turnover thresholds set out in the Competition laws.
Our proven experience in this area has enabled us to effectively combine the economic, organisational and legal facts needed to file a clear pre-merger notification and to secure timely approval for a proposed transaction.
Our recent experience includes: