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EC Competition Law and the Regulation of Passive Investments Among Competitors
Authors:Ezrachi, Ariel   Gilo, David
Affiliation:* Slaughter and May Lecturer in Competition Law, The University of Oxford. Fellow, Pembroke College, Oxford. Email: ariel.ezrachi{at}law.ox.ac.uk.
** Associate Professor, Buchmann Faculty of Law, Tel Aviv University.
Abstract:Passive holdings and cross-investments among competing companiesare common phenomena in the modern marketplace. Yet under certainmarket conditions such investments may cause anticompetitiveeffects. This article explores the economic effects of passiveinvestments and their regulation under European competitionlaw. The article identifies a range of transactions that potentiallyaffect competition; however they remain unchallenged under currentregulation. Subsequently, the article explores the possibilityof applying the European Merger Regulation to these transactions.
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