EC Competition Law and the Regulation of Passive Investments Among Competitors
Forthcoming Oxford Journal of Legal Studies (2005).
Abstract
Passive holdings and cross-investments among competing companies are common phenomena in the modern marketplace. Yet under certain market conditions such investments may cause anticompetitive effects. This paper explores the economic effects of passive investments and their regulation under European competition law. The paper identifies a range of transactions that potentially affect competition, however remain unchallenged under current regulation. Subsequently, the paper explores the possibility of applying the European Merger Regulation to these transactions.
This paper has been withdrawn.