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StatuteCompetition Act

Section 99 — Competition Act: Conditional orders directing dissolution of a merger

Text of the provision Official document

The Tribunal may provide, in an order made under section 92 directing a person to dissolve a merger or to dispose of assets or shares, that the order may be rescinded or varied if, within a reasonable period of time specified in the order, there has occurred a reduction, removal or remission, specified in the order, of any relevant customs duties, or a reduction or removal, specified in the order, of prohibitions, controls or regulations imposed by or pursuant to any Act of Parliament on the importation into Canada of an article specified in the order, or that person or any other person has taken any action specified in the order that will, in the opinion of the Tribunal, prevent the merger from preventing or lessening competition substantially. Where, on application by any person against whom an order under section 92 is directed, the Tribunal is satisfied that a reduction, removal or remission specified in the order pursuant to paragraph (1)(a) has occurred, or the action specified in the order pursuant to paragraph (1)(b) has been taken, the Tribunal may rescind or vary the order accordingly.

Official source: laws-lois.justice.gc.ca

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.