CELEX: E2010P0001
Language: en
Date: 2010-03-26 00:00:00
Title: Request for an Advisory Opinion from the EFTA Court by Oslo tingrett dated 26 March 2010 in the case of Periscopus AS v Oslo Børs ASA and Erik Must AS (Case E-1/10)

25.11.2010   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 320/19
            
         Request for an Advisory Opinion from the EFTA Court by Oslo tingrett dated 26 March 2010 in the case of Periscopus AS v Oslo Børs ASA and Erik Must AS
   (Case E-1/10)
   2010/C 320/08
   A request has been made to the EFTA Court by a letter of 26 March 2010 from Oslo tingrett (Oslo District Court), which was received at the Court Registry on 31 March 2010, for an Advisory Opinion in the case of Periscopus AS v Oslo Børs ASA and Erik Must AS, on the following question:
   Is it in accordance with Article 5(4) second subparagraph of Directive 2004/25/EC of the European Parliament and of the Council to order an offeror making a public bid to offer a bid price that exceeds the price that the offeror paid or agreed to during the six-month period preceding the time when the obligation to make an offer arose, considering that the market price at the time at which the obligation to make a bid arose is higher than the price that the offeror would otherwise be obliged to offer pursuant to the (Norwegian) Securities Trading Act?