Merger Control Survey 2017

REGULATORY FRAMEWORK

1.1 What is the applicable legislation and who enforces it?

Mergers are regulated by the Control of Concentrations between Undertakings Law of 2014 (Merger Law). The Commission for the Protection of Competition (CPC), an independent body, is responsible for implementing the Merger Law.

JURISDICTIONAL TEST

2.1 What types of mergers and joint ventures (JVs) are caught?

The Merger Law applies to all transactions that result in a permanent change of control and meet the applicable thresholds, including the formation of joint ventures that function as an autonomous economic entity on a permanent basis.

2.2 What are the thresholds for notification, how clear are they, and are there circumstances in which the authorities may investigate a merger falling outside such thresholds?