Mergers

Electrabel: A Shock to the System? On 12 December 2012, the General Court dismissed Electrabel’s appeal against the €20 million fine the European Commission (Commission) had imposed on it for failing to notify a transaction under the EU Merger Regulation (EUMR)1 and completing the deal without prior clearance. The judgment serves as an important reminder of the need for all companies to consider very carefully the application of the EUMR to all transactions.