1. Subject to Paragraph (c) of Clause (1) of Article (14) of the Decree by Law, objections to an Economic Concentration transaction shall be governed by the following period and controls: a. An objection application shall be submitted to the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, within a period not exceeding fifteen (15) working days from the date on which the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, publishes the basic information concerning the Economic Concentration transaction on its website. b. The objection application, together with the supporting documents, evidence, and materials attached thereto, shall be submitted in a single copy bearing the signature and identifying particulars of the objector or their 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. b. The objection application shall be reasoned and supported by all documents, evidence, and materials justifying its submission. 2. The Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, shall examine the objection application as to form within a period not exceeding five (5) working days from the date of receipt thereof, for the purpose of verifying compliance with the formal requirements therefor. 3. Following substantive examination of the objection application and preparation of a report thereon, the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, shall notify the objector within twenty (20) working days, commencing from the expiry of the period referred to in Clause (2) of this Article, which period may be extended by seven (7) working days, of either of the following: a. Acceptance of the objection where it is founded on acceptable grounds and serious evidence warranting consideration thereof in the examination of the Economic Concentration application. In such case, the Parties to the Economic Concentration shall be notified of the accepted objection in order to submit their responses and defenses within a period not exceeding ten (10) working days from the date of such notification. Such responses and defenses shall bear the signature and identifying particulars of the submitter or the submitter's legal representative acting pursuant to a duly authenticated special power of attorney and shall be accompanied by any documents, evidence, or materials refuting the objection, if any. b. Rejection of the objection where it is not founded on sufficient information or evidence to warrant consideration thereof in the examination of the Economic Concentration application. 4. The Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, shall resume examination of the application for approval of the Economic Concentration transaction in any of the following cases: a. Rejection of the objection to the application for approval of the Economic Concentration transaction. b. Acceptance of the response submitted in relation to the objection pursuant to Paragraph (a) of Clause (3) of this Article. c. Expiry of the period prescribed in Paragraph (a) of Clause (3) of this Article without the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, receiving any response from the Parties to the Economic Concentration.
Interpretation and application must be checked against the official text and current version.