The Recycler
  • Biuromax Web ad May 2021
  • Nienstar November Advert Masthead
  • ECS Web ad November
  • Nubeprint Online 425x90
  • Katun March Web Advert 2021

Canon to appeal EU Commission fine

Canon to appeal EU Commission fine

June 28, 2019

Appeal. Wooden letters on the office desk, informative and communication background

On 27 June 2019, the European Commission imposed a fine of €28 million ($31.86 million) on Canon Inc. for alleged “gun jumping”  relating to the acquisition of Toshiba Medical Systems Corporation.

The Commission’s decision relates to Canon’s acquisition of Toshiba Medical Systems Corporation (TMSC) back in 2016. That acquisition remains effective and unaffected by the commission’s decision.

The Commission’s decision marks the end of an investigation lasting more than three years during which the Commission assessed whether Canon had acquired any influence or control over TMSC prior to obtaining merger clearance.

Canon said it “sincerely and fully” cooperated with the European Commission at all times during the proceedings, and the Commission acknowledges that Canon did not acquire control over TMSC before the Commission had cleared the transaction for lack of any competition concerns.

Nevertheless, relying on a novel concept of “preparatory acts” or “partial implementation,” the Commission alleges that Canon violated the EU Merger Control Regulation, although the transaction structure was in line with existing and recently reconfirmed jurisprudence of the European courts.

Canon said it disagrees with the European Commission’s legal assessment, which violates fundamental principles of law. Canon is convinced that it did not violate the law and will appeal the decision in the General Court of the European Union in Luxembourg.

Categories : Around the Industry

Tags : Appeal Canon EU Commission

  • IR Italiana Web ad January 2021
  • Armor May banner Ink
  • GM Technology December 2021
  • Mito December Advert
  • Aster Web ad October
  • Ninestar New Banner
  • GPI December Advert
  • Apex web ad May 2021 version 2
  • Static Web ad July 2021
  • PCL Web ad January 2021
  • CET Web ad September 2021
  • Adter Recruitment Web ad April 2021
  • Ohana July 2021 web advert
  • Printlife Web 300x250 Nov 2021
  • PW Dubai December Ad
  • HYB Web ad February 2021
  • ITP Web ad January 2021
  • CTS Toner Supplies Web ad April 2021
  • Adter Recruitment Web ad April 2021
  • Ohana July 2021 web advert
  • CET Web ad September 2021
  • CTS Toner Supplies Web ad April 2021
  • PCL Web ad January 2021
  • Printlife Web 300x250 Nov 2021
  • PW Dubai December Ad
  • HYB Web ad February 2021
  • ITP Web ad January 2021
  • ITP Web ad January 2021
  • PW Dubai December Ad
  • Ohana July 2021 web advert
  • CET Web ad September 2021
  • PCL Web ad January 2021
  • Printlife Web 300x250 Nov 2021
  • HYB Web ad February 2021
  • Adter Recruitment Web ad April 2021
  • CTS Toner Supplies Web ad April 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark