Competition Regulation Law

Article 15 — Article (15) Deciding on Applications for Economic Concentration

1. The Minister or his authorized representative may take a reasoned decision on applications for economic concentration submitted in accordance with the provisions of Articles (12) and (13) of this Decree-Law, as follows:    a. Approving the economic concentration if it does not adversely affect competition or it has economic benefits that outweigh any adverse effects on competition;    b. Approving the economic concentration, provided that the relevant undertakings pledge to implement the conditions and obligations pledged thereby or determined by the Minister for this purpose;    c. Rejecting the economic concentration;    d. Announcing that the conditions stipulated in Article (12) of this Decree-Law do not apply to the economic concentration. 2. The Minister or his authorized representative shall issue a resolution cancelling the approval referred to in Clause (1) of this Article if any of the cases referred to in Clause (6) of Article (10) of this Decree-Law is found.

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