Overview
In recent years, Egypt has implemented substantial regulatory
reforms, reflecting significant changes in its competition
regulations compared to its previous frameworks. One key aspect of
these reforms is the introduction of a pre-merger control
mechanism, empowering the Egyptian Competition Authority
("ECA") to review and approve mergers
and acquisitions (M&A) transactions before their completion.
This regulatory framework, governed by the Egyptian Competition Law
and Prohibition of Monopolistic Practices No. 3 of 2005
("ECL"), has undergone amendments to
strengthen its effectiveness and align it with international best
practices by virtue of Law No 175 of 2022.
On 4 April 2024, the Egyptian Cabinet of Ministers enacted the
amendments to the Executive Regulation of the pre-merger control
regime and was officially published by Decree No. 1120 of 2024
("ER"). The ER shall come into force on
1 June 2024, meaning that transactions closing on or a[er 1
