Jump to Content Jump to Main Navigation
EU Merger Control - A Legal and Economic Analysis by Kokkoris, Ioannis; Shelanski, Howard (1st January 2014)

13 Failing Firm Defence

From: EU Merger Control: A Legal and Economic Analysis

Ioannis Kokkoris, Howard Shelanski

From: Oxford Competition Law (http://oxcat.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 10 December 2019

Subject(s):
Merger control — Enforcement by EU Commission — Joint ventures — Consistency with Commission decisions — Procedure under the Merger Regulation
13.01 Fierce competition from imports, severe over-capacity in some industries, and technological advancements are only some of the features that characterize markets nowadays. Distressed companies on the verge of bankruptcy are a common phenomenon that is observed in both developed and developing economies. Companies that are in distressed financial conditions may choose to embark on a restructuring process in order to ensure their viability and profitability. 13.02 Restructuring is often done as part of bankruptcy procedures. ‘Restructuring’ is the term for the...
Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.