Gun Jumping

  • Recently, the Competition Commission of India (CCI) imposed a penalty on Platinum Trust for ‘Gun Jumping’.
  • ‘Gun Jumping’ essentially means acting before the appropriate time and refers to situations where a party or parties to a combination (M&A deal) consummate a transaction before CCI approves the transaction, thereby violating standstill obligations.
  • ‘Gun Jumping’ in competition jurisprudence occurs when parties to mergers and acquisitions consummate the transaction without keeping the competition authorities informed.
  • The Competition Commission of India (CCI) has the power to penalise parties for ‘Gun Jumping’ under Section 43A of the Competition Act, 2002.
  • The penalty can be as ....
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