Sentences with phrase «of significant financial penalties»

Insight A court recent ruled that a tolling agreement, when entered into between companies that intended to merge, violated the Hart - Scott - Rodino Antitrust Improvements Act of 1976, leading to the imposition of significant financial penalties against the buyer, according to Hogan Lovells.

Not exact matches

The Productivity Commission reviewed the NCP in 2005, noting that monetary incentives were a significant part of the success of the reforms, and recommending future use of financial incentives and penalty provisions, where appropriate.

In view of the ECJ, what follows from this provision is an obligation to disapply the rules of statutes of limitations periods if they prevent «the imposition of effective and dissuasive penalties in a significant number of cases of serious fraud affecting the financial interests of the European Union».

Regardless of whether the Notice of Termination is given for the landlord's own use under s. 48 or on behalf of a purchaser under s. 49, if the person who claimed to require possession under those sections fails to occupy the rental unit «within a reasonable time after the former tenant vacated the rental unit» (s. 57 (1) RTA), the landlord will be liable under the RTA for failing to give a «good faith» notice of termination and will be liable to significant financial penalties payable to a former tenant and to the Landlord and Tenant Board under s. 57 (3) RTA.

All these fundamental principles would be violated by the vague obligation not to apply Articles 160 (3) and 161 (2) in so far as Italian judges found that the «national rule prevents the imposition of effective and dissuasive penalties in a significant number of cases of serious fraud affecting the financial interests of the European Union» (para 58; emphasis added).

Regardless of whether the Notice of Termination is given for landlord's own use under s. 48 or on behalf of a purchaser under s. 49, if the person who claimed to require possession under those sections fails to occupy the rental unit «within a reasonable time after the former tenant vacated the rental unit» (s. 57 (1) RTA), the landlord will be liable under the RTA for failing to give a «good faith» notice of termination and will be liable to significant financial penalties payable to a former tenant and to the Landlord and Tenant Board under s. 57 (3) RTA.