Competition Law Executive Regulation

Article 15 — Article (15) Period and Controls Governing the Submission of Views by Interested Parties in an Economic Concentration Transaction

Without prejudice to the provisions of Article (13) of the Decree by Law, the period and controls governing the submission of views by Interested Parties in an Economic Concentration transaction shall be as follows: 1. Interested Parties in the Economic Concentration, pursuant to Clause (4) of Article (13) of the Decree by Law, may submit their opinions within a period not exceeding fifteen (15) working days from the date on which they are invited by the Ministry to do so, provided that the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, has first published the basic information relating to the Economic Concentration transaction on its website. 2. Any Interested Party in the Economic Concentration, pursuant to Clause (5) of Article (13) of the Decree by Law, shall have the right to submit to the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, any data or documents relating to the Economic Concentration transaction submitted thereto, within a period not exceeding fifteen (15) working days from the date on which the Ministry publishes the basic information relating to the Economic Concentration transaction on its website. 3. Any party wishing to submit its opinion pursuant to Clause (5) of Article (13) of the Decree by Law and the provisions of this Article shall bear the burden of proving that it is an Interested Party and that it is affected by the Economic Concentration transaction. The Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, shall review the data submitted thereby and take the appropriate decision as to whether such interest exists and has been established. No submission shall be considered unless such interest and effect are proven. 4. Any supporting documents, evidence, or materials submitted to the Ministry, the Concerned Authority, or the Sectoral Regulatory Body, as the case may be, pursuant to the provisions of this Article in relation to the Economic Concentration transaction, shall be relevant and material to the verification process and to the decision intended to be taken in respect thereof. 5. The supporting documents, evidence, or materials referred to herein shall be submitted in a single copy bearing the signature and details of the submitter or the submitter's representative acting pursuant to a duly authenticated special power of attorney, through electronic mail or any other means specified by the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be.

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