Egyptian Competition Law Overview

The Law on Protection of Competition and Prohibition of Monopolistic Practices in Egypt was promulgated by Law No. 3 of 2005 and its Executive Regulation. The aim of the law is to ensure economic activity does not prevent, restrict or damage the freedom of competition. The law sets out a number of rules that regulates the economic activity of persons dealing in the relevant market.

Basically, the law applies to natural and juristic persons, economic entities, unions, financial grouping or group of persons, regardless the means of their incorporation, the mechanisms of their financing, nationalities or headquarters. The previously mentioned persons are monitored by an Authority called the Egyptian Competition Authority (ECA) and that occurs by receiving complaints concerning any violations to the provisions of the said law, examining the filed complaints, and taking the appropriate decision thereon.