80ACInjunctions to prevent mergers if authorisation granted on the basis of false or misleading information

80AC Injunctions to prevent mergers if authorisation granted on the basis of false or misleading information

If, on the application of the Commission, the Court is satisfied that:

(a) a person is proposing to acquire shares in the capital of a body corporate or assets of a person; and

(b) the person was granted a merger authorisation for the proposed acquisition on the basis of information that was false or misleading in a material particular; and

(c) that information was given by the person or a body corporate that was related to the person; and

(d) if that information had not been given, the authorisation would not have been granted; and

(e) apart from the authorisation, the acquisition would contravene section 50 if it occurred;

then the Court may grant an injunction in such terms as the Court determines to be appropriate.