Competition Law - Change In Notification Thresholds

On 19 May 1997 the thresholds triggering the requirement to notify concentration transactions to the Italian Competition Authority have been increased.

The Italian Competition Authority has increased the thresholds figures above which the requirement to make advance notification to the Antitrust Authority of concentration transactions applies.

Pursuant to Article 16 of Law no. 287 of1990 the concentrations referred to in Article 5 of Law no. 287 of 1990 shall be notified in advance to the Italian Competition Authority ("Autorita' Garante della Concorrenza e del Mercato") if the combined aggregate domestic turnover of the company which is to be acquired exceeds certain thresholds determined from time to time by the Italian Competition Authority.