New Competition Regulation in the United Arab Emirates - Considerations for Commercial Practices and Transactions


This briefing identifies the types of practices and transactions in which domestic competition law might be relevant to doing business in the United Arab Emirates (the UAE) in light of the new federal competition law set to take effect on 23 February 2013. Of particular note, certain commercial practices such as cartels and bid rigging, which up to now have escaped competition law sanctions, will be subject to potential criminal penalties (through substantial fines). Mergers and other forms of business combination, meeting certain thresholds, will be subject to mandatory notification and suspension prior to approval.

Introducing the UAE’s New Competition Law -

In the UAE, competition legislation was historically contained in a series of consumer protection related regulations which fell short of creating a significant regulatory framework to encourage and safeguard competition within the state. On 10 October 2012 that changed, as the UAE passed Federal Law No. 4/2012 on the regulation of competition (the Competition Law) which aims to protect and enhance competition within the state. The Competition Law is a significant piece of legislation and will have an impact on commercial practice and transactions in the UAE, both for local and international companies.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© King & Spalding | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.