What is gun jumping?

When merging parties fail to notify a merger to the competition authority, implement all or parts of the merger during mandatory waiting periods or co-ordinate their competitive behaviour before closing, this is commonly called “gun jumping”.

What is gun jumping in competition law?

In common parlance, “jump the gun” is a phrase which means to act prematurely. In the antitrust law context, it specifically refers to the initiation of actions that further combination transactions between the merging parties prior to the approval of the Competition Commission of India (CCI).

How do I stop my gun from jumping?

Tips for Avoiding Gun-Jumping

1. Not to begin integrating their businesses until after HSR clearance is obtained, even if the transaction is unlikely to raise an antitrust concern.
2. To avoid exchanging competitively sensitive information, particularly current or future information on:

Where did jump the gun originate?

Where does the phrase “jump the gun” come from? It’s believed that this expression originates from track and field racing. At the beginning of these races, it is common for a starting pistol (aka a gun) to be fired. The sound of the shot signals the runners to, well, run.

What is the maximum amount of penalty that can be imposed by the CCI on a party for gun jumping?

In this regard, Section 43A of the Act gives powers to CCI to initiate penalty proceedings against the parties and impose a penalty up to 1 percent of their total assets or turnover, whichever is higher. There is no dearth of such penalty proceedings against contravening parties by CCI.

Is jump the gun a saying?

The phrase jump the gun means to do something prematurely or to start something before you were supposed to. Example: We have a special guest coming over tomorrow and I was asked to keep their identity a secret until then, but I jumped the gun and revealed it early.

What is meaning of hang in there?

phrase. If you tell someone to hang in there or to hang on in there, you are encouraging them to keep trying to do something and not to give up even though it might be difficult. [informal] Hang in there and you never know what you might achieve.

What is the number of the days after giving notice to CC and an enterprise can enter into a combination as per the Competition Act 2002?

According to Section 6(2) of the Act, any person or enterprise that seeks to enter into a combination shallwithin a period of 30 days from the approval of the merger proposal or the agreement of acquisition, as the case may be.

What does jump the gun come from?

It is believed that the term jump the gun came from the practice of signalling the beginning of a foot race or horse race by firing a pistol or starter pistol, which is a gun designed to only shoot blanks.

Where does the term jumped the gun come from?

Can I say hang in there?

If you tell someone to hang in there or to hang on in there, you are encouraging them to keep trying to do something and not to give up even though it might be difficult. Hang in there and you never know what is achievable.

What does Shall Pass mean?

Wiktionary. this too shall passproverb. Nothing, good or bad, lasts forever. Used to indicate that a current situation or event, no matter how wonderful or horrible it is, will not last forever.

What are the laws against gun jumping?

The government has asserted gun-jumping violations under two laws: (1) Section 1 of the Sherman Act, 15 U.S.C. § 1, which prohibits agreements in restraint of trade (such as price fixing and market allocation), and (2) the Hart-Scott-Rodino (“HSR”) Act, Section 7A of the Clayton Act, 15 U.S.C.

What happens if a company is found guilty of jumping the gun?

If a company is found guilty of jumping the gun, its IPO will be delayed. Gun-jumping, in financial markets, is acting on information that is not available to all potential investors.

What is ‘gun jumping’ in a merger?

What is gun jumping? In this context, ‘gun jumping’ is a term used in Australia when merger parties start coordinating their activities or behaving as one entity instead of as competitors during the period before a merger or acquisition is completed (including where the ACCC is still conducting a merger review).

What is ‘gun-jumping’ in an IPO?

The theory behind gun-jumping is that investors should make decisions based on the full disclosure in the prospectus, not on the information disseminated by the company that has not been approved by the SEC. If a company is found guilty of “jumping the gun,” the IPO will be delayed.

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