Forms of strategic alliances and their treatment Sample Clauses

Forms of strategic alliances and their treatment. Strategic alliances can take a large variety of forms; however, from an EU competition law perspective they can either qualify as a restrictive agreement under Article 101 TFEU or as a concentration under the EUMR. For the purposes of this thesis, the definition of strategic alliances is taken to include the competition law concept of joint ventures and to exclude ‘real’ mergers. A joint venture is an arrangement by which two or more undertakings integrate part of their operations and put them under joint control, in order to achieve a particular commercial goal.65 It requires the creation of either a separate legal entity or, at the very least, a recognisable joint committee or informal organisation clearly identifiable as separate from its parents. In addition, both parents contribute assets, knowledge and personnel to enable the joint venture to carry out its allotted tasks.
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