The United Arab Emirates enacted a new competition law in December 2023, which revamped the country's merger control regime and adopted a turnover-based threshold in addition to a market-share threshold... The UAE government...more
Africa is undergoing significant changes in antitrust regimes throughout the continent. The regulatory landscape is shifting rapidly with countries either significantly amending their competition laws or proposing new laws...more
The General Authority for Competition imposed significant fines against two companies for failing to submit a merger control filing for an economic concentration that meets the notification thresholds. The fines come on the...more
Saudi Arabia's General Authority for Competition recently announced key changes to its merger control notification thresholds, adding a new local nexus test and a new minimum turnover threshold for the acquired entity. This...more
Morocco has enacted amendments to its competition law that will have significant impacts on its merger control regime. The amendments include increasing the minimum turnover thresholds for merger control filings, introducing...more
On 29 March 2023, Saudi Arabia's antitrust regulator increased the minimum turnover threshold for merger control filings from 100 million to 200 million Saudi Riyals, which should reduce the number of unnecessary...more
The tidal wave of antitrust activity throughout the Middle East & North Africa is expected to continue rising in 2023, as several jurisdictions across the region have started to amend their competition laws, introduce new...more
1/30/2023
/ Acquisitions ,
Africa ,
Antitrust Provisions ,
Competition ,
Cross-Border ,
Egypt ,
Enforcement Actions ,
Jordan ,
Kuwait ,
Lebanon ,
Legislative Amendments ,
Merger Controls ,
Mergers ,
Middle East ,
Morocco ,
Notification Requirements ,
Saudi Arabia
Egypt is getting closer to adopting a new merger control regime that would transform the system from a post-closing to a pre-closing filing regime. The Egyptian Council of Ministers has approved a draft proposal to amend...more