UAE issues new Competition Law with new merger control regime
JD Supra: Mergers
DECEMBER 29, 2023
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 by the parties' turnover and would suspend transactions by up to 90 days pending completion of the review. Failure to comply is subject to potentially steep fines.
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