Full Function Joint Venture Glossary EU Merger Practical Law

Assignment Task

In order to qualify as a ‘concentration’ a joint venture must perform "on a lasting basis all the functions of an autonomous economic entity" (Article 3(4), EU Merger Regulation). A joint venture that satisfies these requirements is referred to as a "full function" joint venture.

Please explain the notion of a “full function” joint venture in terms of the EU Merger Regulation with reference to the Commission Consolidated Jurisdictional Notice under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings and EU case law.

This Law has been solved by our PHD Experts at My Uni Paper.