Joint control

Joint control exists where two or more undertakings or persons have the possibility of exercising decisive influence over another undertak- ing. Decisive influence in this sense normally means the power to block actions that determine the strategic commercial...

Joint venture

Association of firms or individuals formed to undertake a specific business project. Under the Community competition rules, joint ventures are undertakings that are jointly controlled by two or more other undertakings. In practice joint ventures encompass a broad...