Competition and trade law: Fine for late notification - the first under the Merger Regulation
15 May 1998
United Kingdom
1 min read
For the first time, the Commission has inflicted a fine under the Merger Regulation. It has imposed an
ECU 33,000 fine on the South Korean company Samsung for late notification of its acquisition of control over the American firm AST Research Inc., and for enforcing the operation without the Commission's authorisation (IP/98/166).
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