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
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
Australia, Brazil, Saudi Arabia, and Turkey See Significant Surge in Merger Filing Activity; US and EU Merger Filing Activity is Down Compared to 2021's Record Levels, But Still Above Historical Levels -
White & Case...more
12/20/2022
/ Acquisitions ,
Antitrust Division ,
Australia ,
Biden Administration ,
Brazil ,
Competition ,
EU ,
EU Horizontal Safeguard Regulation (HSR) ,
European Commission ,
Investigations ,
Merger Controls ,
Mergers ,
Pre-Merger Filing Requirements ,
Russia ,
Saudi Arabia ,
Turkey ,
Ukraine
On 16 June 2022, Saudi Arabia's General Authority for Competition announced its decision to block National Gas and Industrialization Company from acquiring a majority stake in Best Gas Carrier on the basis of vertical...more
The Kingdom of Saudi Arabia’s General Authority for Competition (the “GAC”) has been ramping up its merger control activities and recently—at least initially—blocked its first transaction, signaling plans for more active...more
The Kingdom of Saudi Arabia's new competition regime has gone into effect with potentially significant implications for businesses which are active in the Kingdom and those considering transactions with a Saudi component. The...more
11/12/2019
/ Abuse of Dominance ,
Acquisitions ,
Anti-Competitive ,
Commodities ,
Competition Authorities ,
Criminal Penalties ,
Extraterritoriality Rules ,
Fines ,
Horizontal Agreements ,
Infringement ,
Merger Controls ,
Mergers ,
Multinationals ,
Pre-Merger Filing Requirements ,
Premerger Notifications ,
Price-Fixing ,
Sales & Distribution Agreements ,
Saudi Arabia ,
Vertical Agreement