Overview of the law and enforcement regime relating to cartels -
The United Arab Emirates (“UAE”) competition law and enforcement regime is relatively young with just over eight years since Federal Law Number 4 of 2012 (“Competition Law”) was enacted on October 23, 2012 and took effect on February 23, 2013. The Competition Law regulates “restrictive agreements” such as price-fixing, collusion on bids, market allocation arrangements, and agreements to suppress production. In the years since its enactment, the Competition Law has been followed by several implementing resolutions. Despite this, there is no publicly available data confirming enforcement of the Competition Law in connection with alleged or suspected cartel conduct.
Originally published in Global Legal Insights - Cartels: Enforcement, Appeals & Damages Actions - 2021, Ninth Edition.
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