Competition Law Executive Regulation

Article 18 — Article (18) Monitoring of Economic Concentration Transactions

1. The failure of the Parties to the Economic Concentration to submit an application for approval of the Economic Concentration transaction shall not prejudice the right of the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, to examine and verify the Economic Concentration transaction, whether before or after its completion. In such case, the Parties to the Economic Concentration shall comply with the requirements imposed by the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, which shall also have the right to impose the administrative penalties resulting from failure to provide notification of the Economic Concentration transaction. 2. The Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, may require the Parties to the Economic Concentration and the Interested Parties in the Economic Concentration to provide the necessary data, information, and documents, irrespective of whether the Undertakings concerned have submitted an application for approval of the transaction. The extent of the impact of the Economic Concentration transaction on the prices, quality, and availability of goods and services to consumers shall constitute one of the mandatory criteria for monitoring and assessment, in a manner ensuring that consumer choices are not adversely affected and that unfair prices are not imposed thereupon.

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