HL Deb 30 July 2002 vol 638 cc842-3 12A (1) Subject to paragraphs 12C to 12F, the old law shall continue to apply where—
  1. (a) two or more enterprises have ceased to be distinct enterprises (within the meaning of Part 5 of the 1973 Act); and
  2. (b) the cessation has occurred before the appointed day.
 (2) Subject to sub-paragraphs (3), (4) and (5) and paragraphs 12C to 12F, the old law shall continue to apply in relation to any relevant arrangements which were in progress or in contemplation before the appointed day and are in progress or in contemplation on that day and (if events so require) the actual results of those arrangements where, before the appointed day—
  1. (a) a merger notice was given, and not rejected under section 75B(7) of the 1973 Act or withdrawn, in relation to the arrangements;
  2. (b) no merger notice was so given but, in relation to the arrangements—
    1. (i) a reference was made under section 75 of the 1973 Act;
    2. (ii) undertakings were accepted under section 75G of that Act; or
    3. (iii) a decision was made by the Secretary of State neither to make a reference under section 75 of that Act nor to accept undertakings under section 75G of that Act; or
  3. (c) a merger notice was so given, was rejected under section 75B(7) of the 1973 Act or withdrawn, paragraph (a) does not apply in relation to a different merger notice given in relation to the arrangements and, in relation to the arrangements, paragraph (b)(i), (ii) or (iii) applies.
 (3) Subject to sub-paragraph (8), the new law shall, in a case of the kind mentioned in sub-paragraph (2)(a), apply in relation to any relevant arrangements and (if events so require) the actual results of those arrangements if, on or after the appointed day, a merger notice is rejected under section 75B(7) of the 1973 Act or withdrawn in relation to the arrangements. (4) Subject to sub-paragraph (8), the new law shall, in a case of the kind mentioned in sub-paragraph (2)(a), apply in relation to any relevant arrangements and (if events so require) the actual results of those arrangements if—
  1. (a) the making of a reference under section 64 or 75 of the 1973 Act in relation to those arrangements and (if events so require) the actual results of those arrangements was, immediately before the appointed day and by virtue of section 75C(1)(c), (e) or (g) of that Act, not prevented;
  2. (b) the period for considering the merger notice has expired (whether before, on or after the appointed day); and
  3. (c) no reference has been made under section 64 or 75 of the 1973 Act and no undertakings have been accepted under section 75G of that Act.
 (5) Subject to sub-paragraph (8), the new law shall, in a case of the kind mentioned in sub-paragraph (2)(a), apply in relation to any relevant arrangements and (if events so require) the actual results of those arrangements if—
  1. (a) the making of a reference under section 64 or 75 of the 1973 Act in relation to those arrangements and (if events so require) the actual results of those arrangements becomes, on or after the appointed day and by virtue of section 75C(1)(b), (c), (d), (e) or (g) of that Act, not prevented;
  2. (b) the period for considering the merger notice has expired (whether before, on or after the appointed day); and
  3. (c) no reference has been made under section 64 or 75 of the 1973 Act and no undertakings have been accepted under section 75G of that Act.
 (6) Subject to sub-paragraph (8), the new law shall apply in relation to relevant arrangements and (if events so require) the actual results of those arrangements if—
  1. (a) the arrangements were in progress or in contemplation before the appointed day and are in progress or in contemplation on that day;
  2. (b) before the appointed day and in relation to the arrangements—
    1. (i) no reference was made under section 75 of the 1973 Act;
    2. (ii) no undertakings were accepted under section 75G of that Act; and
    3. (iii) a decision neither to make a reference under section 75 of that Act nor to accept undertakings under section 75G of that Act was not made by the Secretary of State; and
  3. (c) no merger notice was given to the Director or the OFT before that day in relation to the arrangements.
 (7) Subject to sub-paragraph (8), the new law shall, in a case of the kind mentioned in sub-paragraph (2)(c) (excluding the words from "and" to the end), apply in relation to any relevant arrangements and (if events so require) the actual results of those arrangements if, in relation to the arrangements, sub-paragraph (2)(b)(i), (ii) and (iii) do not apply. (8) Subject to paragraphs 12C to 12F, the old law shall continue to apply in relation to concentrations with a Community dimension (within the meaning of the European Merger Regulations) notified before the appointed day to the European Commission under article 4 of those Regulations. (9) In this paragraph references to relevant arrangements which are in progress or in contemplation on the appointed day include references to the actual results of those arrangements if the arrangements were in progress or in contemplation immediately before the appointed day and have, at the beginning of the appointed day, resulted in two or more enterprises ceasing to be distinct enterprises (within the meaning of Part 5 of the 1973 Act). (10) In this paragraph— the European Merger Regulations" has the meaning given by section 124(1); merger notice" means a notice under section 75A(1) of the 1973 Act; the new law" means Part 3 of this Act and any related provision of law (including, in particular, any modification made under section 272(2) to that Part or any such provision); the old law" means sections 64 to 75K of the 1973 Act and any related provision of law (including, in particular, any modification made under section 272(2) to those sections or any such provision); and relevant arrangements" means arrangements which might result in two or more enterprises ceasing to be distinct enterprises (within the meaning of Part 5 of the 1973 Act).