Translation of "Clause de nantissement après acquisition " (French → English) :

after-acquired collateral

(3) Where the directors of Petro-Canada are of the reasonable opinion, from the central securities register of Petro-Canada or otherwise, that a subscriber for or a transferee of voting shares of Petro-Canada would, on acquiring the shares, hold, beneficially own or control voting shares to which are attached not more than the lesser of two one-hundredths of one per cent of the votes that may ordinarily be cast to elect directors of Petro-Canada and ten thousand such votes, the directors are entitled to assume that the subscriber or t ...[+++]ransferee is not and will not be an associate of anyone else and, unless the address to be recorded in the register for the subscriber or transferee is outside Canada, that the shares will not be held, beneficially owned or controlled in contravention of the articles of amendment for Petro-Canada.

In today’s judgment, the Court answers that the ‘standstill’ clause precludes a national measure which, introduced after the entry into force of that clause in the Member State concerned, requires the spouse of a Turkish national residing in that State to prove beforehand the acquisition of basic knowledge of the official language of the State in question to be able to enter the territory of the latter for the purpose of family reunification.

Article 41(1) of the Additional Protocol, signed in Brussels on 23 November 1970 and concluded, approved and confirmed on behalf of the Community by Council Regulation (EEC) No 2760/72 of 19 December 1972 concluding the additional protocol and the financial protocol signed on 23 November 1970 and annexed to the Agreement establishing an Association between the European Economic Community and Turkey and relating to the measures to be taken for their implementation must be interpreted as meaning that the ‘standstill’ clause set out in that provision precludes a measure of national law, introduced after the entry into force of that addition ...[+++]al protocol in the Member State concerned, which imposes on spouses of Turkish nationals residing in that Member State, who wish to enter the territory of that State for the purposes of family reunification, the condition that they demonstrate beforehand that they have acquired basic knowledge of the official language of that Member State.

Concerning the markets for Areva NP's core products and services, the Commission concluded in its preliminary assessment that the non-compete clause is excessive because it prevents competition by Siemens for a period exceeding three years following Areva's acquisition of sole control over Areva NP. Markets for Areva NP's core products and services include nuclear islands, nuclear services and nuclear fuel assemblies.