In brief
In a time of recession, competition law regulations do not change in their content or enforcement. On the contrary, it is vital for companies to remain compliant with applicable antitrust laws and continue their commercially independent behavior. We provided an overview perspective on key antitrust and competition trends for emerging markets including, Morocco, Egypt, Turkey, South Africa and Saudi Arabia in 2023.
Our key takeaways for in-house counsels and competition leaders:
- Nowadays competition authorities in emerging jurisdictions are well staffed, have clear legal frameworks and have all the tools at their disposal in order to enforce the competition rules effectively.
- As a result enforcement is on the rise across all of these jurisdiction and we expect that trend to continue in the future.
- Companies need to take merger control regimes seriously in these jurisdictions and timelines for global deals need to be adjusted accordingly.
- Companies should also review and invest more time and effort in their compliance policies across all of these markets.
You can find recordings below:
Click here to access the webinar.
Moderator: Fiona Carlin
Speakers: Keltoum Boudribila, Mohamed ElFar, David Monnier, Lerisha Naidu, Hakan Ozgokcen and Angelo Tzarevski
Author
Lerisha Naidu
Lerisha Naidu is the managing partner and head of Baker McKenzie's Antitrust & Competition Practice Group in Johannesburg. She acts on a diverse array of matters across various industries spanning several African jurisdictions.
Lerisha advises and represents international and domestic clients in mergers and acquisitions, prohibited practices (including cartel-related matters), and compliance and risk mitigation. She has appeared before the Competition Tribunal of South Africa in merger proceedings, and has also worked on matters relating to clients involved in Tribunal proceedings.
Lerisha has acted in several high-profile matters involving industry-wide and global cartels (eg. in the construction, aviation and gas industries), interim relief applications, contested mergers and dawn raids. She has also participated in a number of compliance initiatives, including training sessions for firms' employees related to competition risk mitigation.
Lerisha was named Southern Africa Partner of the Year at the African Legal Awards in 2023 - cited for the legal excellence, innovation and leadership that embodies her work. She was also acknowledged on the 2019 list of 100 Most Influential Young South Africans as well as the Mail & Guardian list of Top 200 Young South Africans, and was commended in the Partner of the Year Private Practice category at the African Legal Awards in 2021.
Lerisha also leads the Diversity and Inclusion portfolio in Johannesburg, as well as its pro bono and corporate social responsibility pillars.
