Similarly to the Old Law, the New Competition Law prohibits the abuse of a “dominant position” in the relevant market by any undertaking, including acts or conduct aimed at distorting, lessening, restricting, or preventing...more
10/30/2024
/ Antitrust Provisions ,
Competition ,
Economic Development ,
EU ,
Goods or Services ,
Price-Fixing ,
Restrictive Covenants ,
Treaty on the Functioning of the European Union (TFEU) ,
Unfair Competition ,
Unfair or Deceptive Trade Practices ,
United Arab Emirates (UAE)
The New Competition Law maintained the prohibition on restrictive agreements and practices between undertakings whose object, purpose, or impact is to distort, lessen, prevent, or restrict competition. These prohibited...more
On the merger control front, the New Competition Law introduced a new turnover threshold, in addition to the existing market share threshold, in the context of regulating economic concentrations (as defined below) between...more
EXTENSION ANNOUNCED - The Ministry of Finance (MoF) announced on 31 December 2020 the extension of the deadline for submitting the ESR’s notifications and reports. All companies in the UAE that were engaged in any of the...more