CASE HUB ARCHIVED–this archived case hub reflects the position at the date of the decision of 29 June 2015; it is no longer maintained. See further, timeline. Case facts Outline European Commission merger investigation into the planned acquisition by Siemens of Dresser-Rand (Dresser) (M.7429). The transaction involves horizontal overlaps in the supply of turbo compressors in the market for oil and gas distribution. The Commission unconditionally cleared the transaction after a phase II investigation on 29/06/2015. Latest developments On 29 June 2015, the Commission cleared the merger unconditionally following a phase II investigation. Parties Siemens and DresserSiemens is a German-based public listed company headquartered in Munich. It offers a range of electrical products and services to customers through a number of business divisions. In relation to this acquisition, Siemens' product portfolio includes gas turbines, steam turbines, generators and compressors. Siemens also produces electric motors. Dresser is a US-based company headquartered in Houston, Texas.

The Sievert is a measurement unit of radiation close to living tissue. It is the international system (SI) derived unit for a dose equivalent to 1 Joule/kilogram. 1 Sievert = 100 rem. It is named after Rolf Sievert, a Swedish physicist famous for work on the biological effects of radiation. The effective dose in Sieverts is calculated as the absorbed dose measured in Gy multiplied by a weighting factor specific to each type of radiation and organ. Single doses are usually measured in millisievert (mSv) or Microsievert (?Sv) See Becquerel and Gray for comparison.

The process by which a court document is sealed by the court and approved for service in the Court of Session.

In order to determine whether a proposed concentration (merger) is compatible with the Internal Market and therefore legal under EU law, the EU Commission will conduct a market analysis to ascertain the likely competitive effects of the deal. The concentration will be prohibited where it is determined that it would significantly impede effect competition.

[Print on letterhead of reporting accountant] The Directors [Insert name and address of issuer] and [Insert name and address of nominated adviser] [Insert date] Dear [insert text] [Insert name of issuer]

[Print on letterhead of reporting accountants] The Directors [insert name and address of company] and [insert name and address of sponsor] [insert date] Dear [insert name] [insert name of company] (the Company): Application for admission to listing on the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange We refer to the prospectus of the Company dated

[Print on letterhead of reporting accountants] The Directors [Insert name and address of company] and [Insert name and address of sponsor] [Insert date] Dear [Insert name] [Insert name of company] (the Company): [Placing AND/OR Open offer AND/OR Rights issue] of [insert number] [insert class] shares of [insert nominal value] each We refer to

A significant contaminant linkage means a contaminant linkage which gives rise to a level of risk sufficient to justify a piece of land being determined as contaminated land.

Restructuring & Insolvency analysis: Re Avanti Communications Ltd is the first major decision in almost 20 years (since Re Spectrum Plus) on the characterisation of fixed and floating charges. The charged assets were a satellite, orbital slots and ground stations used to operate it. The court: (1) made clear that it is unnecessary for there to be a ‘total embargo’ on use of a charged asset for the charged to be fixed, as long as the chargor has no ‘significant commercial freedom’ to deal with the asset; (2) made clear that the proper characterisation of a charge is nuanced and depends on a combination factors, an important factor being that the asset is fixed rather than circulating. Written by Rabin Kok, barrister at South Square. Rabin was junior counsel to the Lead Secured Creditors, led by David Allison KC and instructed by Kirkland & Ellis LLP.

Law360: Automatic enrollment should be recognised as a success, but gaps around the retirement saving provision remain, the Financial Conduct Authority's (FCA) chief executive said 13 March 2024, raising questions about Britain's current and future pension landscape.

Any harm which is determined to be significant in accordance with the Statutory Guidance to Part IIA in that it meets one of the specific descriptions of the types of harm which must exist, or of which there must be a significant possibility, for land to be determined as contaminated.

An associate is defined as ‘an entity over which the investor has significant influence’. This is the power to participate in the financial and operating policy decisions of the joint venture, without having control or joint control of those policies. Significant influence is presumed to exist if the joint venture party holds, either directly or indirectly (eg through subsidiaries) 20% or more of the voting rights in the joint venture, unless this presumption can be rebutted.