Competition Law Executive Regulation

Article 14 — Article (14) Verification Procedures in Respect of an Economic Concentration Transaction

1. The Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, may invite the Parties to the Economic Concentration or the Interested Parties in the Economic Concentration to attend meetings for the purpose of verifying the Economic Concentration transaction. Such meetings shall be subject to the following controls:     a. The Parties to the Economic Concentration referred to in Clause (1) of this Article shall be heard, and the proceedings thereof shall be recorded in minutes prepared for this purpose.     b. The minutes of the meeting shall include the date and place of preparation thereof, its subject matter, the statements made, the identities, and capacities of the concerned parties, and the names of the persons responsible for preparing the minutes.     c. All attendees at the meeting shall sign the minutes thereof after reviewing them. Where any attendee refuses to sign, such refusal shall be recorded in the minutes together with the reason therefor, if any. 2. Where the verification of the Economic Concentration transaction requires the conduct of field investigations, the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, may enter the premises of the Parties to the Economic Concentration and examine all records, documents, and files, including electronic documents and files, and may request samples thereof where necessary, provided that such actions are documented in minutes prepared for this purpose in accordance with the controls set forth in Clause (7) of Article (23) of this Resolution.

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