commiss decis februari impos fine fail notifi put effect concentr breach articl articl council regul eec case iv samsung ast notifi document number english text authent text eea relev ec commiss european commun regard treati establish european commun regard council regul eec decemb control concentr undertak amend act access austria finland sweden articl thereof undertak concern opportun make view object rais commiss regard opinion advisori committe concentr april commiss receiv notif propos concentr pursuant articl regul eec quot merger regul quot undertak samsung electron quot samsung quot acquir mean articl merger regul control ast research quot ast quot public bid announc april notif declar incomplet april samsung request provid inform april commiss satisfi inform requir suppli declar notif complet april notifi parti submit request derog oblig put concentr effect pursuant articl merger regul withdrew request letter examin notif commiss decis declar notifi oper fell scope merger regul rais doubt compat common market function eea agreement decis paragraph commiss refer possibl impos fine parti late file pursuant articl merger regul inform commiss possess confirm doubt samsung acquir control ast mean articl merger regul recit decis januari samsung fail compli articl merger regul concentr commun dimens notifi commiss week acquisit control interest articl concentr fall scope merger regul put effect notif week notif june samsung statement object articl merger regul order give opportun repli commiss object prior adopt decis pursuant articl juli samsung repli statement object request oral hear pursuant articl commiss regul ec quot implement regul quot notif time limit hear provid merger regul hear place septemb januari advisori committe concentr consult pursuant articl merger regul acquisit control april samsung voluntarili inform commiss breach articl merger regul acquisit control ast april samsung notifi oper question commiss april notif declar incomplet ground precis samsung acquir control ast time notif samsung acquir share ast fragment capit major director board ast commiss request number document sign samsung ast strateg allianc agreement februari parti produc document april date notif effect conclus drawn samsung exercis decis influenc ast samsung de facto control ast juli samsung decis influenc strateg field activ ast agreement conclud samsung ast addit time agreement drawn samsung provid ast financi assist cover loss number director samsung nomin limit stockhold agreement major authoris number ast director suffici evid commiss prove samsung acquir control ast juli mean articl merger regul decemb result ast continu oper loss result declin cash balanc samsung ast enter addit support agreement pursuant samsung agre guarante bank credit line ast usd million increas ast vendor line samsung usd million consider addit support samsung ast grant samsung option purchas addit share common stock concurr execut addit support agreement samsung ast enter amend stockhold agreement amend permit samsung vote share ast common stock director nomine determin subject requir director remain independ amend ensur samsung permit acquir excess outstand share ast decemb prior approv major independ director suffici evid commiss prove samsung acquir control ast decemb mean articl merger regul regard limit capit ownership impos samsung januari samsung exercis vote right member ast board samsung nomine result major certif incorpor bylaw ast samsung determin strateg commerci activ ast acquir control mean articl merger regul notifi parti letter withdraw request derog articl merger regul recognis samsung acquir control januari document commiss appear recognis situat amount control mean merger regul exist notif date control acquir identifi control samsung result major ast board reinforc august samsung occupi post chairman chief execut offic board ast decemb samsung ast enter addit support agreement pursuant samsung agre guarante bank credit line usd million consider addit support ast issu samsung share vote prefer stock earli januari samsung inform independ director ast board possibl acquir equiti ast negoti public bid launch samsung april acquisit outstand share ast common stock basi conclud commiss establish decis parti recognis acquisit control ast samsung mean articl merger regul place januari ii natur infring acquisit constitut concentr commun dimens notifi articl merger regul oper notifi april samsung infring articl articl merger regul samsung repeatedli situat oversight error caus unfamiliar local repres california commun definit concentr commiss accept deliber intent circumv merger regul nonetheless provis merger regul clear cover intent circumvent neglig circumvent samsung propos decid appli articl distinct drawn omiss aris inadvert omiss bad faith text merger regul afford basi distinct articl explicitli cover situat involv neglig question bad faith account set amount fine articl requir commiss regard natur graviti infring set amount fine basi forego commiss believ samsung multin compani extens activ europ unawar respect european merger control rule true compani size meet commun threshold set articl merger regul samsung express view articl merger regul appli parti concentr act bad faith failur act result gross reckless failur file specif neglig anti competit consequ samsung consid articl merger regul relev case undertak intention neglig fail notifi concentr complet transact commiss agre reason appli articl breach subparagraph effect market legisl envisag possibl fine situat true undertak fail notifi infring articl put oper effect infring articl situat aris articl appli undertak fail notifi put oper effect articl appli undertak compli oblig notifi fail observ provis requir put oper effect week notif case undertak infring oblig give prior notif concentr commun dimens call question abil exercis effect merger control merger regul envisag fine ecu case infring potenti fine envisag higher turnov undertak concern infring strike core commun merger control system seek prevent last damag competit caus structur oper fall scope order commiss empow review merger acquisit occur samsung neglig fail notifi concentr breach articl merger regul neglig put concentr effect breach articl thereof iii imposit fine articl merger regul commiss decis impos fine undertak inter alia breach articl articl merger regul samsung submit commiss follow polici grant amnesti case inadvert failur file advers competit consequ voluntarili brought commiss attent correct parti samsung consid impos fine circumst commiss send wrong messag undertak tend remedi failur voluntarili order avoid imposit fine commiss consid circumst samsung neglig failur file advers competit consequ complex situat regard determin control undertak interest inform commiss notifi oper question samsung undertak run risk modest fine impos commiss depend circumst case time avoid consequ decis commiss articl merger regul undertak act bad faith found undertak awar difficult larg undertak meet commun dimens threshold avoid caught futur undertak subsequ involv transact concentr commun dimens case concentr joint ventur parti oblig partner notifi case account past omiss addit competitor player activ market question inform commiss situat concentr notifi undertak size natur pursu strategi attempt conceal past omiss commiss object polici grant amnesti case context polici consider samsung made number refer merger control system polici feder trade commiss unit state america hart scott rodino antitrust improv act conclus drawn samsung unit state polici correctli interpret appli commun merger control system differ statutori scheme regard file wait period requir addit clear samsung failur notifi regard unit state system result simpl neglig term quot control quot rule hart scott rodino act includ contractu power present design major director corpor samsung argu commiss impos fine clear preced commiss set polici impos fine commun merger control system samsung argu analog commiss notic imposit reduct fine cartel case polici lenienc case inadvert failur notifi concentr advers impact competit commiss consid text articl merger regul clear regard scope applic power grant commiss addit appar commiss notic imposit reduct fine cartel case protect competit interest articl merger regul case commiss take account mitig factor fact samsung recognis breach cooper commiss investig commiss consid fine impos samsung take account fact absenc notif implement oper commiss authoris last signific period section iv multin compani samsung failur constitut clear case neglig commiss duti uphold basic principl undertak deter carri concentr fall scope merger regul make notif power grant council purpos reason commiss consid impos fine samsung pursuant articl merger regul iv amount fine articl merger regul commiss impos undertak fine ecu intention neglig inter alia fail notifi concentr articl impos fine exceed aggreg turnov undertak concern undertak intention neglig inter alia put effect concentr notif thereof articl set amount fine commiss regard natur graviti infring natur infring commit case outlin section ii samsung omit notifi commiss concentr commun dimens period set articl merger regul samsung implement concentr give compulsori notif breach articl commiss set section iii reason case consid sanction samsung failur graviti infring amount fine commiss account durat infring number mitig aggrav factor durat absenc notif implement commiss authoris last signific period commiss consid period treat favour basi samsung last januari establish commiss decis april samsung inform commiss failur basi period month commiss calcul amount fine impos mitig factor account mitig factor damag competit caus breach oblig notifi good time put effect oper fact verifi competitor question articl merger regul find effect made commiss decis ast market share person comput market commun approxim samsung neglig sale commun virtual overlap result propos oper slight decreas ast market share parti combin market posit chang significantli year samsung voluntarili inform commiss failur commiss discov infring samsung subsequ notifi oper samsung recognis breach cooper commiss investig inform made commiss late file implement concentr commiss authoris intend circumv commiss control neglig decis commiss articl merger regul infring samsung merger regul aggrav factor account aggrav factor samsung larg undertak signific activ europ consid awar commun merger control rule determin control acquir mean articl merger regul case requir complex legal factual analysi order penalis infring prevent repetit thereof take account circumst case fact time commiss appli articl merger regul commiss consid impos fine ecu relat infring articl ecu month delai relat infring articl give total fine ecu relationship amount fine impos commiss accord articl impos accord articl specif circumst case prejudg futur case aris articl calcul fine accord articl basi number month specif circumst case prejudg futur case aris articl adopt decis articl fine ecu impos samsung electron pursuant articl regul eec failur notifi concentr accord articl regul fine ecu impos samsung electron pursuant articl regul eec put effect concentr breach articl regul articl fine refer articl paid commiss european commun month date notif decis account number banqu bruxel lambert agenc européenn rond point schuman brussel expiri period interest automat payabl fine rate charg european monetari institut transact ecu work dai month decis adopt percentag point articl decis address samsung electron samsung main build ka taepyung ro chung ku seoul korea brussel februari commiss karel van miert member commiss oj correct version oj oj oj oj strateg allianc agreement februari stock purchas agreement februari amend stock purchas agreement june patent cross licenc agreement juli compon sale agreement juli joint develop technic cooper agreement juli amend stock purchas agreement juli stockhold agreement juli ast began experienc difficulti earli incur cumul net loss calendar year approxim usd million articl restat certif incorpor ast exhibit stock purchas agreement date februari ast samsung quot busi affair corpor manag direct board director quot articl iii section bylaw ast amend juli quot major director constitut quorum transact busi meet board director affirm vote major director present meet quorum act board director quot quot discuss meet april notifi parti withdraw request derog oblig put effect transact consumm januari quot instanc pre notif memorandum april notif oper parti april repli statement object juli paragraph decis case competitor made clear respons letter articl merger regul samsung acquir ownership ast acquisit ast public bid announc april sec oj commun wide turnov ecu delet busi secret