1. The Ministry shall verify the economic concentration operations referred to in Article (12) hereof in accordance with the procedures identified by the Executive Regulations of this Decree-Law. 2. The Minister or his authorized representative shall issue the resolution referred to in Article (12) hereof within (90) ninety days, and such period may be extended for another (45) forty-five days from the date of receiving the complete application which shall meet the required conditions. During the said period, the relevant undertakings shall not perform any acts or procedures to complete economic concentration operations. The failure to issue a resolution by the Minister or his authorized representative shall be deemed as a rejection of the economic concentration operations. 3. The relevant undertakings may submit, on their own initiative, an undertaking to take measures intended to eliminate the harmful impact on competition resulting from an economic concentration when submitting the application or within a period not exceeding (30) thirty days from the date of receiving the complete application which shall meet the required conditions. 4. The Ministry may request stakeholders to express their opinion about the economic concentration by publishing its basic information on the Ministry's website. The Executive Regulations of this Decree-Law shall determine the time limit and controls of requesting the stakeholders to express their opinions. 5. Every stakeholder shall have the right to provide the Ministry with any data or documents concerning the economic concentration examined by the Ministry, and the Executive Regulations of this Decree-Law shall determine the time limit and controls of submitting such data and documents. 6. Every stakeholder shall have the right to file an appeal with the Ministry about an economic concentration examined by the Ministry. The Executive Regulations of this Decree-Law shall determine the time limit and controls of submitting such appeal. 7. The Ministry may request any additional information or documents related to the economic concentration.
Interpretation and application must be checked against the official text and current version.
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