Failure to Submit EU Merger Notification Can Lead to Significant Fines

June 24, 2009
In a recent decision, the European Commission fined Electrabel, a leading Belgian electric company, for failing to obtain prior clearance of its acquisition of CNR, France’s second-largest electricity producer. This update summarizes the Commission’s decision and examines the impact it may have on other companies that fail to notify the Commission about transactions in violation of the EU Merger Regulation.