1. Have there been any recent developments regarding the Iran merger control regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Iran? The competition regulations in Iran are primarily governed by Chapter 9 of the Law on the Implementation of General Policies of Principle 44 of the Constitution 2007 (the Law), titled Facilitating Competition and Prohibiting Monopoly, which encompasses Articles 43–84. In addition, an Implementing Directive for Articles 47, 48, and 49 (the Directive) directly affects merger control. Notably, the Directive, Art 2 defines the concept of a concentration and sets out the framework for assessing whether a merger may result in excessive market concentration, potentially leading to its prohibition. This framework forms a central component of the Iranian merger control regime. A notable precedent in Iranian merger control is the Netbarg–Takhfifan merger, one of the most controversial cases to date. The merger occurred in early 2020, and after more than two years of review, on 20 December 2022, the Competition Council (Council) ruled that it had significantly