Update - First Gun Jumping Decision Swiftly Followed By Three More

This competition newsletter is an update to our previous insight on the first gun jumping decision of the Hungarian Competition Authority ("HCA"), where we set out the background to the Hungarian suspension clause and the calculation of fines in more detail. Please find the respective competition newsletter here.

Gun jumping fines increasing

The HCA imposed fines amounting to HUF 14 million (approx EUR 45,000,-) on Dr. Riad Naboulsi ("Acquirer") for three separate but closely connected cases of gun jumping (cf Vj/10/2016.; Vj/13/2016; Vj/14/2016). The Acquirer originally notified the HCA in a joint submission, even though the concentration involved the direct acquisition of separate undertakings from different and independent sellers, all active in the production and sale of dairy products. The HCA concluded that the joint submission covered three separate concentrations and initiated separate merger control proceedings respectively. This logic ultimately led