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 Egyptian merger control regime will enter into force on 1 June 2024. In anticipation of this, the Egyptian Competition Authority has published the relevant notification forms, as well as detailed guidelines and Q&As to...more
The Egyptian pre-closing merger control regime will go into full effect on 1 June 2024. The Egyptian Competition Law was amended in December 2022 to introduce a new pre-closing merger control regime, but its enforcement was...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
The United Arab Emirates is the latest country in the Middle East to overhaul its competition regime. On December 29, 2023, a new competition law comes into effect, including a new merger control regime that can be triggered...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
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 in the final stages of amending its Competition Law, which will require transaction parties to obtain merger control clearance prior to closing. Once they come into effect, the amendments will overhaul the current...more