In Greece, a JV (koinopraxia) is an association of two or more natural persons or legal entities that have a common aim to achieve a certain project or transaction. JVs are generally not regulated. However, this is with the exception of special law provisions that regulate certain specific forms of specialised co-operation.
Law 3959/2011 on the Protection of Free Competition (the Law) is the applicable legislation. The existing legal framework is in general in line with EU law and case law. The merger provisions of the Law generally apply to all market sectors. However, in certain regulated sectors of the economy, (such as media and telecommunications) special legal provisions apply.
I am pleased to introduce the 5th edition of the CMS Guide to Merger Control in Europe for 44 jurisdictions and 42 countries. For the first time, the Guide will be published as an electronic online edition (e-guide) as well as in printed for.
The need for manufacturers – wholesalers (suppliers) to supply products en mass and to develop new markets, made it essential for them to collaborate with local associates (such as commercial agents – distributors). All the more since organizational and financial reasons require that suppliers are activated in those markets without actually setting up in the same.