New UAE antitrust legislation in force from February 2013
On 23 October 2012, the United Arab Emirates enacted its Federal Competition Law (Federal Law No. (4) of 2012), which laid down new rules on anti-competitive agreements, merger control and abuse of dominance. The UAE currently partially addresses competition regulation by means of the Commercial Code and the Consumer Protection Law, although it does not have merger control regulation. The FCL represents the UAE’s first attempt to comprehensively regulate anti-competitive behaviour, and implementing regulations are expected to provide further detail on the provisions of the FCL.
Click on the link above to download this Gibson Dunn & Crutcher briefing.
News from The Lawyer
Briefings from Gibson Dunn & Crutcher
In retrospect, 2012 likely will be remembered as another year of manifold challenges in the Eurozone and of slow consolidation rather than one of fundamental reform or renaissance.
In many respects, 2012 was another year of aggressive SEC enforcement. The SEC’s Division of Enforcement again logged a near record number of enforcement actions.