The following Competition guidance note Produced in partnership with Zulficar & Partners provides comprehensive and up to date legal information covering:
A conversation with Dr Firas El Samad, managing partner of Egyptian law firm Zulficar & Partners, on key issues on merger control in Egypt.
NOTE–to see whether notification thresholds in Egypt and throughout the world are met, see Where to Notify.
Egypt is also a member of COMESA, which operates a supra-national merger control regime.
The existing post-merger notification regime, inaugurated by Law No. 3/2005, (the Competition Law) was not, against expectations, modified by the latest amendment issued on 2 July 2014 by Presidential Decree No. 56/2014. The amendment simply reiterated the confidentiality obligation imposed upon the Egyptian Competition Authority's (ECA) employees regarding information they receive upon merger notification. The new amendment was expected to introduce a proper pre-transaction control which would require the clearance and the approval by the ECA of any transaction of a certain size and impact before its completion.
In 2017, Mona El Garf, head of the ECA, stated that the Competition Authority was finalising amendments to be made to competition related legislations and that such amendments include the introduction of a pre-merger filing regime, with closing of transaction to be suspended pending clearance. A proposed draft of the
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