General Court upholds European Commission's decision in important gun-jumping case (the Altice case)

On 22 September 2021, the General Court upheld the European Commission's decision of 24 April 2018 in the so-called Altice-case which resulted in a record fine of EUR 124.5 for infringement of the prohibition against pre-implementation of mergers. The decision includes important clarifications on the use of so-called pre-closing covenants and the exchange of commercial information with regard to this prohibition.