Similarly to the Old Law, the New Competition Law prohibits the abuse of a “dominant position” in the relevant market by any undertaking, including acts or conduct aimed at distorting, lessening, restricting, or preventing...more
10/30/2024
/ Antitrust Provisions ,
Competition ,
Economic Development ,
EU ,
Goods or Services ,
Price-Fixing ,
Restrictive Covenants ,
Treaty on the Functioning of the European Union (TFEU) ,
Unfair Competition ,
Unfair or Deceptive Trade Practices ,
United Arab Emirates (UAE)
The New Competition Law maintained the prohibition on restrictive agreements and practices between undertakings whose object, purpose, or impact is to distort, lessen, prevent, or restrict competition. These prohibited...more
On the merger control front, the New Competition Law introduced a new turnover threshold, in addition to the existing market share threshold, in the context of regulating economic concentrations (as defined below) between...more
Background - The European Union (EU) has a blacklist of countries that do not meet the EU’s criteria on tax transparency, fair taxation, and the implementation of measures to counteract base erosion of profit shifting (BEPS)....more