COMPETITION AND CONSUMER ACT 2010 - SECT 80AC Injunctions to prevent mergers if authorisation granted on the basis of false or misleading information
COMPETITION AND CONSUMER ACT 2010 - SECT 80AC
Injunctions to prevent mergers if authorisation granted on the basis of false or misleading informationIf, on the application of the Commission, the Court is satisfied that:
(a) a person is proposing to acquire shares in the capital of a body corporate or assets of a person; and
(b) the person was granted a merger authorisation for the proposed acquisition on the basis of information that was false or misleading in a material particular; and
(c) that information was given by the person or a body corporate that was related to the person; and
(d) if that information had not been given, the authorisation would not have been granted; and
(e) apart from the authorisation, the acquisition would contravene section 50 if it occurred;
then the Court may grant an injunction in such terms as the Court determines
to be appropriate.