Logo JUSLINE GmbH

     jusline.eu - Home   -  Position:   •  Register

September 7, 2010 - Brussels: 12:42 AM

to the table of contents of Council Regulation (EC) No 139-2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) (Text with EEA relevance)Disclaimer
 
previous sectionnext section
Article 15
 
 Text of the act(Considered status of legislation: 1. April 2008)
Periodic penalty payments
1. The Commission may by decision impose on the persons referred to in Article 3(1)b, undertakings or associations of undertakings, periodic penalty payments not exceeding 5 % of the average daily aggregate turnover of the undertaking or association of undertakings concerned within the meaning of Article 5 for each working day of delay, calculated from the date set in the decision, in order to compel them:
(a) to supply complete and correct information which it has requested by decision taken pursuant to Article 11(3);
(b) to submit to an inspection which it has ordered by decision taken pursuant to Article 13(4);
(c) to comply with an obligation imposed by decision pursuant to Article 6(1)(b), Article 7(3) or Article 8(2), second subparagraph; or;
(d) to comply with any measures ordered by decision pursuant to Article 8(4) or (5).
2. Where the persons referred to in Article 3(1)(b), undertakings or associations of undertakings have satisfied the obligation which the periodic penalty payment was intended to enforce, the Commission may fix the definitive amount of the periodic penalty payments at a figure lower than that which would arise under the original decision.
[Printable version]


 Legal Commentary of Section 15 Council Regulation (EC) No 139-2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) (Text with EEA relevance)

You can write a legal commentary to section 15 Council Regulation (EC) No 139-2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) (Text with EEA relevance). Click the following red links:

 [ How to comment? ]   [ Test commentary ]   [ Add commentary ]