In 2008, in the United States, LG Display Co., Chunghwa Picture Tubes and Sharp Corp. agreed to plead guilty and pay $585 million in fines. for conspiring to stop the prices of liquid crystal panels. For example, there is a concession contract between the French and British governments and two private companies for the Channel Tunnel. British Channel Tunnel Group Limited and France-Manche S.A. operate the Channel Tunnel, often referred to as “Chunnel” under this agreement. The tunnel connects the two countries and allows the transport of passengers and goods between them. It is 31.5 miles long, with 23.5 miles under the English Channel. The underwater tunnel is therefore the longest in the world and an important part of the public infrastructure. International airline tickets have set their prices in accordance with IATA, a practice for which there is a specific anti-dominant exception.  [best source required] New Zealand law prohibits price agreements, in addition to most other anti-competitive practices under the Trade Act 1986. The law covers practices similar to those of U.S. and Canadian law, and is enforced by the Commerce Commission.  In a merger or acquisition transaction, asset purchase agreements have a number of advantages and disadvantages compared to the use of an equity purchase agreement (or a share law sales agreement) or a merger agreement. In the event of a capital acquisition or merger, the buyer receives all the assets of the target entity without exception, but automatically assumes all the liabilities of the targeted entity. In addition, a contract for the sale of assets not only allows for the transfer of part of the assets (which is sometimes desired), but also allows the parties to negotiate the commitments of the objective expressly assumed by the buyer and allows the buyer to leave behind liabilities that he does not want to accept (or of which he knows nothing). One of the disadvantages of an asset sale contract is that it can often lead to a greater number of change of control issues. For example, contracts held by a target entity and acquired by a buyer often require the counterparty`s agreement as part of an asset agreement, whereas it is less common for such consent to be required in connection with a share sale or merger agreement.
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